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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Warehouses
8233 Spg Crk Rd, Port Orchard, WA 98367-8291
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1553191
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2014
Total area
7,000 SF
Lot
10.25 ac (446,490 SF)
Zoning code
RI
APN
242301-2-004-2002
UPID
US90-1553191
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Reliable Storage - Port Orchard Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$810k
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
$860k
Blend (final)
Blend
$900k
Owner & transaction history
Seattle Smsa Limited Partnership · 4 yrs held
Seattle Smsa Limited Partnership
since 2022
7 recorded transactions
Zoning & alternative use
RI · Port Orchard, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Port Orchard submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Orchard submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$810,000
CAP Approach
CAP Return
Estimation
6%
$1,115,000
6.5%
$1,030,000
7%
$960,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,430,000
Current use
AUTO REPAIR, GARAGE
$1,215,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$900k
Range $810k – $990k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$129 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$110,291
Tax year 2024
Assessed value
$13,405,090
Assessed 2024
Previous assessed
$12,228,070
+9.6% YoY
Effective rate
0.82%
On assessed value
Assessed land
$523,580
Assessed improvement
$12,881,510
Land market value
$523,580
Improvement market value
$12,881,510
Total market value
$13,405,090
Applied tax rate
8,170.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2014
Heating
NONE
Buildings
7
Stories
2
Bathrooms
3
Total area
7,000 SF
Lot
10.25 ac (446,490 SF)
Zoning code
RI
APN
242301-2-004-2002
UPID
US90-1553191
Jurisdiction
KITSAP
Zoning & alternative use
RI · Port Orchard, WA
Zoning RI · permitted uses
RI · Port Orchard, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Orchard. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.2M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2014
Heating
NONE
Stories
2
Buildings
7
Bathrooms
3
Lot
10.25 ac
Current owner
From public records · entity-resolved
Seattle Smsa Limited Partnership
Entity
Mailing address
1080 NE FRST ROCK LN, POULSBO, WA 98370-6524
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2022
—
Seattle Smsa Limited Partnership
Sherrard Spring Creek LLC
Lease
—
Jun 14, 2018
—
Sherrard Spring Creek LLC
—
Deed
related
$2,700,000 · Miscellaneous Ins Co
Mar 29, 2007
—
T1 Unison Site Management LLC
—
Deed Of Trust
related
$200,000,000 · Deutsche Bank Trust Co America
Nov 23, 2004
—
Sherrard Spring Creek LLC
Litendal LLC
Quit Claim Deed
related
—
Dec 29, 2000
—
Sherrard Trust
Litendal LLC
Quit Claim Deed
related
—
Sep 4, 1998
—
Litendal LLC
Exchange Connection INC
Grant Deed
related
—
Jul 30, 1998
$492,093
Exchange Connection INC
Hann,albert & Jo A
Grant Deed
$500,166 · Litendal LLC
—
—
Sherrard Spring Creek LLC
—
Deed Of Trust
related
$750,000 · Columbia State Bank
—
—
Sherrard Spring Creek LLC
—
Loan Modification
related
$1,250,000 · Columbia St Bk
—
—
Sherrard Spring Creek LLC
—
Deed Of Trust
related
$2,700,000 · Miscellaneous Ins Co
—
—
Sherrard Spring Creek LLC
—
Deed Of Trust
related
$1,500,000 · Little Valley Storage LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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