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Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Community centers
Bremerton, WA 98310
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-2126515
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1942
Total area
9,664 SF
Lot
0.97 ac (42,253 SF)
APN
3966-004-010-0105
UPID
US90-2126515
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
$2.47M
Blend (final)
Blend
$1.83M
Owner & transaction history
K2 Traverse LLC · 8 yrs held
K2 Traverse LLC
since 2018
7 recorded transactions
Zoning & alternative use
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 Bremerton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bremerton 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
$2,465,000
Current use
MEDICAL BUILDING
$2,345,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±10%
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
$189 / 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
Assessed value
$1,324,010
Assessed 2024
Previous assessed
$1,324,010
+0.0% YoY
Assessed land
$110,040
Assessed improvement
$1,213,970
Land market value
$110,040
Improvement market value
$1,213,970
Total market value
$1,324,010
Applied tax rate
60.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1942
Heating
YES
Stories
1
Total area
9,664 SF
Lot
0.97 ac (42,253 SF)
APN
3966-004-010-0105
UPID
US90-2126515
Jurisdiction
KITSAP
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
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
1942
Heating
YES
Stories
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
K2 Traverse LLC
Entity
Mailing address
2520 CHERRY AVE, BREMERTON, WA 98310-4229
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Jun 29, 2022
—
K2 Traverse LLC
—
Deed
related
$2,400,000 · Kitsap Cu
Aug 22, 2018
—
K2 Traverse LLC
—
Grant Deed
related
$2,228,000 · Bank Of The West
Mar 21, 2018
—
K2 Traverse LLC
Kessler,david J & Gail E
Quit Claim Deed
related
—
Jan 5, 2018
$829,000
David J Kessler
Bearbower,richard L & Denice J
Warranty Deed
—
Mar 27, 2017
—
Silverdale Whaling Co LLC
—
Deed
related
$450,000 · Bank Of The West
Dec 29, 2011
$2,850,000
Silverdale Whaling Co LLC
Sheridan Village LP
Warranty Deed
$2,000,000 · Sheridan Village LP
—
—
Silverdale Whaling Co LLC
—
Deed Of Trust
related
$1,999,900 · Bank Of The West
—
—
Silverdale Whaling Co LLC
—
Deed Of Trust
related
$450,000 · Bank Of The West
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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