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Property profile & analytics
OFF-MARKET
Estimated value
$4,410,000
Strip malls
9985 Silverdale NW Way Silverdale, WA 98383-9451
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0950046
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Total area
19,636 SF
Lot
3.77 ac (164,221 SF)
Zoning code
RC
APN
162501-3-027-2001
UPID
US90-0950046
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
-
Royal Spa & Massage Alternative Medicine Practice Spa & Massage Center
-
Arby's Restaurant Take-out & Catering
-
Men's Club Barber Shop Silverdale Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.41M
Owner & transaction history
Ksh Properties INC · 21 yrs held
Ksh Properties INC
since 2005
Last sale
$3,390
7 recorded transactions
Zoning & alternative use
RC · Silverdale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.1M
+41.3%
Retail stores
$5.4M
+7.9%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,010,000
Current use
OFFICE BUILDING
$7,075,000
Change: +41% · Conversion: Moderate
RETAIL STORES
$5,405,000
Change: +8% · Conversion: Easy
MEDICAL BUILDING
$4,770,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,015,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$4.41M
Range $3.97M – $4.85M · ±10% · vs last sale $3k (Jul 15 2024)
Last sale anchor
$3k
Jul 15 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$225 / 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
$82,036
Tax year 2024
Assessed value
$9,233,730
Assessed 2024
Previous assessed
$9,233,730
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$2,140,300
Assessed improvement
$7,093,430
Land market value
$2,140,300
Improvement market value
$7,093,430
Total market value
$9,233,730
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Heating
YES
Buildings
7
Stories
1
Total area
19,636 SF
Lot
3.77 ac (164,221 SF)
Zoning code
RC
APN
162501-3-027-2001
UPID
US90-0950046
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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.0M
OFFICE BUILDING
Est. value
$7.1M
RETAIL STORES
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$4.8M
WAREHOUSE, STORAGE
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Heating
YES
Stories
1
Buildings
7
Lot
3.77 ac
Current owner
From public records · entity-resolved
Ksh Properties INC
Entity
Mailing address
830 LINGERING PNE DR NW, ISSAQUAH, WA 98027-5661
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2020
—
Ksh Properties INC
—
Deed
related
$2,900,000 · Columbia St Bk
May 26, 2005
$7,700,000
Ksh Properties INC
Ars Investments LLC
Warranty Deed
$4,600,000 · Sun Life Assurance Co
Sep 1, 1999
$4,850,000
Ars Investments LLC
Olson,robert E & Melissa R
Grant Deed
$1,900,000 · Seller
Aug 31, 1990
$200
Robert E Olson
Unknown
Grant Deed
related
—
—
—
Pan Washington LLC
—
Deed Of Trust
related
$36,547,000 · Bank Of America
—
—
Ksh Properties INC
—
Deed Of Trust
related
$2,900,000 · Columbia St Bk
—
—
Ars Investments LLC
—
Deed Of Trust
related
$1,000,000 · Sun Life Assurance Co Canada
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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