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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Retail space
9331 Silverdale NW Way, Silverdale, WA 98383-8520
Entity Owned
18-yr Hold
Free & Clear
Property ID
US90-0588083
Property summary
AI-generated overview
Silverdale Village, located at 9331-9523 Silverdale Way NW in Silverdale, WA 98383, offers a unique retail opportunity. This 1.09-acre pad site is available for ground lease or build-to-suit development. The property, situated along busy Silverdale Way NW, benefits from high visibility and traffic. Currently, there is 2,865 square feet of vacant retail space available, divisible into units as small as 954 square feet, with a maximum contiguous space of 1,911 square feet. The existing building, constructed in 1976 and renovated in 1996, is anchored by Grocery Outlet and Harbor Freight Tools. Silverdale Village is undergoing expansion, presenting additional pad site opportunities for ground lease or build-to-suit projects. This location provides excellent potential for businesses seeking high-traffic exposure in a thriving Kitsap County market. The property does not include elevators. Interested parties should inquire for lease rates and further details.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Total area
6,811 SF
Lot
0.29 ac (12,632 SF)
Zoning code
RC
APN
202501-1-078-2007
UPID
US90-0588083
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
-
NAPA Auto Parts - Westbay Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$805k
Owner & transaction history
Wap Properties LLC · 18 yrs held
Wap Properties LLC
since 2008
3 recorded transactions
Zoning & alternative use
RC · Silverdale, 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 Silverdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Silverdale 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
$118 / 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
$7,258
Tax year 2024
Assessed value
$816,930
Assessed 2024
Previous assessed
$816,930
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$271,190
Assessed improvement
$545,740
Land market value
$271,190
Improvement market value
$545,740
Total market value
$816,930
Applied tax rate
6,410.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Heating
YES
Stories
1
Total area
6,811 SF
Lot
0.29 ac (12,632 SF)
Zoning code
RC
APN
202501-1-078-2007
UPID
US90-0588083
Jurisdiction
KITSAP
Zoning & alternative use
RC · Silverdale, WA
Zoning RC · permitted uses
RC · Silverdale, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Silverdale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2004
Heating
YES
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Wap Properties LLC
Entity
Free & Clear · 18 yrs held
Mailing address
2610 SE MILE HL DR, PORT ORCHARD, WA 98366-2952
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2008
—
Wap Properties LLC
Price,carolyn L
Quit Claim Deed
related
—
Sep 16, 2004
$38,000
James T Civilla
King,david & Naomi
Warranty Deed
—
Aug 12, 1992
$74,568
Ptnrship Wap
Unknown
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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