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Property profile & analytics
OFF-MARKET
Estimated value
$3,810,000
Office buildings
931 Hildebrand NE Ln Bainbridge Island, WA 98110-2823
Entity Owned
10-yr Hold
Free & Clear
Property ID
US90-1465876
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
21,530 SF
Lot
1.64 ac (71,438 SF)
Zoning code
CITY
APN
262502-2-087-2007
UPID
US90-1465876
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.81M
Owner & transaction history
Lgb Bainbridge LLC · 10 yrs held
Lgb Bainbridge LLC
since 2016
7 recorded transactions
Zoning & alternative use
CITY · Bainbridge Island, 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 Bainbridge Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bainbridge Island 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$177 / 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
$42,856
Tax year 2024
Assessed value
$5,695,390
Assessed 2024
Previous assessed
$5,926,590
-3.9% YoY
Effective rate
0.75%
On assessed value
Assessed land
$1,873,610
Assessed improvement
$3,821,780
Land market value
$1,873,610
Improvement market value
$3,821,780
Total market value
$5,695,390
Applied tax rate
215.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Heating
YES
Buildings
5
Stories
2
Total area
21,530 SF
Lot
1.64 ac (71,438 SF)
Zoning code
CITY
APN
262502-2-087-2007
UPID
US90-1465876
Jurisdiction
KITSAP
Zoning & alternative use
CITY · Bainbridge Island, WA
Zoning CITY · permitted uses
CITY · Bainbridge Island, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bainbridge Island. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Heating
YES
Stories
2
Buildings
5
Lot
1.64 ac
Current owner
From public records · entity-resolved
Lgb Bainbridge LLC
Entity
Free & Clear · 10 yrs held
Mailing address
360 TORMEY LN NE STE #298, BAINBRIDGE ISLAND, WA 98110-1996
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2026
—
Lbg Bainbridge LLC
—
Deed
related
$23,500,000 · Citibank NA
Jun 10, 2016
—
Lbg Bainbridge LLC
—
Deed
related
$22,250 · Natixis R/e Cap
Mar 10, 2016
$17,502,081
Lgb Bainbridge LLC
Madison Square LLC
Warranty Deed
—
Nov 8, 2012
—
Madison Square LLC
—
Deed Of Trust
related
$17,030,000 · Farm Credit Service
Mar 15, 2002
—
Madison Square LLC
Madison Avenue Development INC
Quit Claim Deed
related
$3,200,000 · Frontier Bank
—
—
Madison Square LLC
—
Deed Of Trust
related
$12,366,000 · Frontier Bank
—
—
Madison Ave Development INC
—
Deed Of Trust
related
$800,000 · Frontier Bank
—
—
Lbg Bainbridge LLC
—
Deed Of Trust
related
$22,250 · Natixis R/e Cap
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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