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    9577 Ridgetop NW Blvd Silverdale, WA 98383-8553
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    Property profile & analytics

    9577 Ridgetop NW Blvd, Silverdale, WA 98383-8553

    View on Map
    • Outlet malls
    • 103,689 SF
    • 8.48 lot acres
    Off-Market
    Property ID
    US90-2758049
    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.
    Value Estimations
    $17,985,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Seattle Furniture Partners Ll / Furniture & Home Goods / Home Decor Store
    • Sportsman's Warehouse / (Bike/Boat/Book/etc) Store
    • Ashley Store / Furniture & Home Goods / Home Decor Store
    • Crunch Fitness - Silverdale / Gym & Fitness Center
    • Rick Joules Electricians LLC / Electrical Service / General Contractor

    Property Details for 9577 Ridgetop NW Blvd

    Year built
    1992
    Lot size
    8.48 lot acres
    Zone code
    RC
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    162501-4-131-2002
    APU
    16250141312002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 16, 2004 $14,725,000 Srw Properties LLC Silverdale Ridgetop LLC Trustees Deed $10.3M · Citigroup Global Markets
    — — Alamo Silverdale LLC — Deed Of Trust · related $9.8M · Opus Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $20,035,000
      6.5%
      $18,490,000
      7%
      $17,170,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $28,545,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $26,455,000
      Change: -7% Conversion: Moderate
      MEDICAL BUILDING
      $25,175,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Silverdale
    County
    Kitsap
    State
    Washington
    Longitude
    -122.678
    Latitude
    47.6568
    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
    $158,102
    $2,970,550
    $14,824,880
    $17,795,430
    -
    $2,970,550
    $14,824,880
    $17,795,430

    Comparable in this City

    • Value Estimation
      $15,000,000
      154,571 SF

      10000 Mickelberry NW Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      10000 Mickelberry NW Rd, Silverdale, WA 98383-8302
      View Details
    • Value Estimation
      $10,885,000
      100,215 SF

      3201 Randall Way

      WHOLESALE OUTLET, DISCOUNT STORE
      3201 Randall Way, Silverdale, WA 98383-7952
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    • Value Estimation
      $3,590,000
      23,375 SF

      Silverdale, WA 98383

      WHOLESALE OUTLET, DISCOUNT STORE
      Silverdale, WA 98383
      View Details
    • Value Estimation
      $4,525,000
      29,824 SF

      Silverdale, WA 98383

      WHOLESALE OUTLET, DISCOUNT STORE
      Silverdale, WA 98383
      View Details
    • Value Estimation
      $4,310,000
      20,000 SF

      2789 Randall Way

      WHOLESALE OUTLET, DISCOUNT STORE
      2789 Randall Way, Silverdale, WA 98383-7408
      View Details
    • Value Estimation by Request
      2,800 SF

      9464 Silverdale NW Way

      SHOPPING CENTER, STRIP CENTER
      9464 Silverdale NW Way, Silverdale, WA 98383
      View Details

    Similar Nearby for Sale

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      Silverdale Commercial Building with Tenants

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

      Silverdale Office with Inlet Views

      Office building with lease income and owner-occupancy potential.
      9619 Levin Rd Northwest, Silverdale, WA 98383
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    • $1,100,000

      Silverdale Land with Water Views

      Two parcels at a busy intersection with redevelopment potential.
      1998 Northwest Bucklin Hill Rd, Silverdale, WA 98383
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    • $185,000
      1.60 Acres

      Private Wooded Acreage Near Sequim

      Private 1.6 acre wooded lot near town amenities.
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    Similar Nearby for Lease

    • $12 SF/Yr

      Silverdale Retail Opportunity Near Mall

      Prime retail space in Silverdale near Kitsap Mall.
      10876 Myhre Pl NW, Silverdale, WA 98383
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      3,342 SF

      Retail Space Near Kitsap Mall

      Retail suites available near Target and Kitsap Mall entrance.
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      Retail Space in Silverdale, WA

      Retail opportunity in Kitsap County near Kitsap Mall.
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      View Details
    • Contact for pricing
      6,577 SF

      Spacious Commercial Space in Silverdale

      Large, versatile commercial space available for lease in Silverdale, Washington.
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      View Details
    • Contact for pricing
      6,862 SF

      Retail Space Next to Costco

      Retail space available near Costco, Best Buy, and Trader Joes.
      9990 Mickelberry Rd, Silverdale, WA 98383
      View Details
    • Contact for pricing

      Silverdale Retail/Office Space Available

      Retail and office spaces for rent in Silverdale.
      10516 Silverdale Way NW, Silverdale, WA 98383
      View Details

    Property Visit Statistics

    • Visits by month
      10.5k
    • Visitors by month
      5.8k
    • Avg Time on site
      61 min
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    9577 Ridgetop NW Blvd
    Silverdale, WA 98383-8553
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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.

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    9577 Ridgetop NW Blvd, Silverdale, WA, 98383
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