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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9119 Ridgetop NW Blvd Silverdale, WA 98383-8549

    • Office buildings
    • 6,016 SF
    • 1.05 lot acres
    OFF-MARKET
    Last Sale
    Apr 06, 2021
    $1,320,000
    Value Estimations
    $1,425,000
    Show details
    Cap Rate Potential
    6.1%
    Office buildings
    Location Intelligence
    Property ID
    US90-1682655
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Moon's Barber / Barber Shop
    • Squarerigger Software / (Bike/Boat/Book/etc) Store / Corporate Office
    • Cruise Holidays / Travel Agency / Tour Operator
    • Silverdale Psychic / Spiritual Center
    • Cynthia Smith, LMHC Counseling Service / Counselor / Consultant

    Property Details for 9119 Ridgetop NW Blvd

    Year built
    1978
    Lot size
    1.05 lot acres
    Property size
    6,016 SF
    Zone code
    RC
    Property type
    Office buildings
    APN
    162501-3-024-2004
    APU
    16250130242004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,500,000
      ML approach
      $1,580,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,525,000
      6.5%
      $1,405,000
      7%
      $1,305,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $925,000
      Market price range: $354k - $1.34M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,170,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Silverdale
    County
    Kitsap
    State
    Washington
    Longitude
    -122.688
    Latitude
    47.6545
    CBSA code
    14740
    CBSA name
    BREMERTON-SILVERDALE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $13,632
    $632,410
    $901,950
    $1,534,360
    -
    $632,410
    $901,950
    $1,534,360

    Comparable in this City

    • Value Estimation
      $3,965,000
      18,117 SF

      9226 Bay Shr NW Dr

      OFFICE BUILDING • 18,117 SF
      9226 Bay Shr NW Dr, Silverdale, WA 98383-9196
      View Details
    • Value Estimation
      $3,010,000
      11,431 SF

      9927 Mickelberry NW Rd

      OFFICE BUILDING • 11,431 SF
      9927 Mickelberry NW Rd, Silverdale, WA 98383-7860
      View Details
    • Value Estimation
      $600,000
      5,130 SF

      3500 Anderson Hl Rd

      OFFICE BUILDING • 5,130 SF
      3500 Anderson Hl Rd, Silverdale, WA 98383-8387
      View Details
    • Value Estimation
      $990,000
      6,520 SF

      3500 Bucklin Hl Rd

      OFFICE BUILDING • 6,520 SF
      3500 Bucklin Hl Rd, Silverdale, WA 98383-8574
      View Details
    • Value Estimation
      $2,355,000
      13,844 SF

      2819 Kitsap Pl

      OFFICE BUILDING • 13,844 SF
      2819 Kitsap Pl, Silverdale, WA 98383-7686
      View Details
    • Value Estimation
      $790,000
      4,246 SF

      9301 Linder NW Way

      OFFICE BUILDING • 4,246 SF
      9301 Linder NW Way, Silverdale, WA 98383-8396
      View Details

    Similar Nearby for Sale

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      1,000 SF

      Silverdale Commercial Building For Sale

      Versatile commercial building in high-traffic Silverdale location with mixed-use potential.
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      Silverdale Commercial Building with Tenants

      Multi-tenant commercial building in Silverdale with established businesses.
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    • $2,250,000
      9,351 SF

      Silverdale Office Building with Views

      Office building in Silverdale with in-place income and views.
      9619 Levin Rd Northwest, Silverdale, WA 98383
      View Details
    • $1,800,000
      6,380 SF

      Silverdale Office with Inlet Views

      Office building for sale with in-place income and views.
      9615 Levin Rd NW, Silverdale, WA 98383
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    • $1,500,000

      Silverdale Land Development Opportunity

      Land development opportunity in a rapidly growing Silverdale neighborhood.
      NW Dream Ct, Silverdale, WA 98383
      View Details
    • $7,000,000

      Land For Sale Silverdale, WA

      Land available for sale in Silverdale, Washington.
      9506 Mickelberry Rd NW, Silverdale, WA 98383
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      1,883 SF

      Silverdale Office Space For Rent

      Office space with kitchen access available for rent.
      9657 Levin Rd NW, Silverdale, WA 98383
      View Details
    • $25 SF/Yr
      6,140 SF

      Spacious Office Space Available

      Large office space with 21 offices, available 10/01/25.
      9564 Silverdale Way, Silverdale, WA 98383
      View Details
    • $19 SF/Yr
      67,525 SF

      Clear Creek Center: Silverdale Office Space

      Silverdale Office Suites, High Visibility
      10516 Silverdale Way, Silverdale, WA 98383
      View Details
    • $17 SF/Yr
      1,349 SF

      Silverdale Office Space Available

      Office space featuring private offices, reception, and open workspace.
      3100 Bucklin Hill Rd NW, Silverdale, WA 98383
      View Details
    • $30 SF/Yr
      2,212 SF

      Office Space in Silverdale, WA

      Office space for rent with ample parking in Silverdale.
      10049 Kitsap Mall Blvd Northwest, Silverdale, WA 98383
      View Details
    • $24 SF/Yr
      7,500 SF

      Spacious Office Space Available

      7,500 SF office space near Kitsap Mall.
      3261 NW Mount Vintage Way, Silverdale, WA 98383
      View Details
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    9119 Ridgetop NW Blvd
    Silverdale, WA 98383-8549
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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