Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9594 Mickelberry NW Rd Silverdale, WA 98383-8339
    Back to Search
    Property profile & analytics

    9594 Mickelberry NW Rd, Silverdale, WA 98383-8339

    View on Map
    • Office buildings
    • 12,000 SF
    • 0.93 lot acres
    Off-Market
    Last Sale May 22, 2020
    $3,140,000
    Property ID
    US90-1810286
    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
    $3,725,000
    Show details
    Cap Rate Potential
    3.6%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Social Security Administration / Social Security Office

    Property Details for 9594 Mickelberry NW Rd

    Year built
    2003
    Lot size
    0.93 lot acres
    Zone code
    RC
    Property type
    Office buildings
    APN
    212501-1-164-2001
    APU
    21250111642001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 3, 2021 — Fiskeseth LLC — Deed · related $250k · Us Bank NA
    May 22, 2020 $4,965,937 Fiskeseth LLC Woodworth Family Foundation Warranty Deed $1.6M · Us Bk
    Nov 13, 2018 $281 Woodworth Family Foundation Woodworth Capital INC Quit Claim Deed · related —
    Jan 25, 2010 $2,559,000 Woodworth Capital INC Markel,gregory S & Carla A Warranty Deed · related —
    — — Gregory S Markel — Deed Of Trust · related $9k · First Mutual Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,045,000
      ML approach
      $4,940,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,040,000
      6.5%
      $2,805,000
      7%
      $2,605,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,193,000
      Market price range: $2.55M - $6.74M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,325,000
      Current use
      COMMERCIAL (GENERAL)
      $5,390,000
      Change: +25% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Silverdale
    County
    Kitsap
    State
    Washington
    Longitude
    -122.681
    Latitude
    47.6501
    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
    $26,381
    $571,250
    $2,398,090
    $2,969,340
    -
    $571,250
    $2,398,090
    $2,969,340

    Comparable in this City

    • Value Estimation
      $6,140,000
      37,266 SF

      10049 Kitsap Mall NW Blvd

      OFFICE BUILDING
      10049 Kitsap Mall NW Blvd, Silverdale, WA 98383-8903
      View Details
    • Value Estimation
      $1,695,000
      7,000 SF

      9191 Washington NW Ave

      OFFICE BUILDING
      9191 Washington NW Ave, Silverdale, WA 98383-9125
      View Details
    • Value Estimation
      $830,000
      3,434 SF

      3343 Byron St

      OFFICE BUILDING
      3343 Byron St, Silverdale, WA 98383-9123
      View Details
    • Value Estimation by Request
      2,378 SF

      9216 Bay Shr NW Dr

      OFFICE BUILDING
      9216 Bay Shr NW Dr, Silverdale, WA 98383-8533
      View Details
    • Value Estimation by Request
      1,344 SF

      2851 Kitsap Pl

      OFFICE BUILDING
      2851 Kitsap Pl, Silverdale, WA 98383-9447
      View Details
    • Value Estimation
      $805,000
      5,000 SF

      3501 Lowell St

      OFFICE BUILDING
      3501 Lowell St, Silverdale, WA 98383-7851
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,000 SF

      Silverdale Commercial Building For Sale

      Versatile commercial building in high-traffic Silverdale location with mixed-use potential.
      9050 Silverdale Way NW, Silverdale, WA 98383
      View Details
    • Contact for pricing

      Silverdale Commercial Building with Tenants

      Multi-tenant commercial building in Silverdale with established businesses.
      10705 Silverdale Way NW, Silverdale, WA 98383
      View Details
    • $2,250,000

      Silverdale Office with Inlet Views

      Office building with lease income and owner-occupancy potential.
      9619 Levin Rd Northwest, Silverdale, WA 98383
      View Details
    • $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
      View Details
    • $185,000
      1.60 Acres

      Private Wooded Acreage Near Sequim

      Private 1.6 acre wooded lot near town amenities.
      S 3Rd Ave, Sequim, WA 98383
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr

      Silverdale Office with Inlet Views

      Office space for lease or sale with water views.
      9619 Levin Rd Northwest, Silverdale, WA 98383
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      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
    • 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
    • Contact for pricing
      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
    • $21 SF/Yr

      Silverdale Commercial Property For Lease

      Versatile commercial property with ample parking and high visibility.
      9633 Levin Rd NW, Silverdale, WA 98383
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9594 Mickelberry NW Rd
    Silverdale, WA 98383-8339
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    9594 Mickelberry NW Rd, Silverdale, WA, 98383
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!