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    Property profile & analytics

    Port Orchard, WA 98366

    • Assisted living facilities
    • 15,515 SF
    OFF-MARKET
    Last Sale
    Jul 31, 2023
    $15,420,082
    Value Estimations
    $15,510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2346773
    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.

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for Port

    Year built
    1995
    Property size
    15,515 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    022301-2-074-2102
    APU
    2230120742102

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $20,050,000
      ML approach
      $11,150,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Orchard
    County
    Kitsap
    State
    Washington
    Longitude
    -122.556
    Latitude
    47.5869
    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
    $19,818
    $0.00
    $2,354,020
    $2,354,020
    -
    $0.00
    $2,354,020
    $2,354,020

    Comparable in this City

    • Value Estimation
      $13,720,000
      172,000 SF

      1141 Bch E Dr

      HOMES (RETIRED, NURSING) • 172,000 SF
      1141 Bch E Dr, Port Orchard, WA 98366-4937
      View Details
    • Value Estimation
      $5,910,000
      144,810 SF

      2944 Lund Ave

      HOMES (RETIRED, NURSING) • 144,810 SF
      2944 Lund Ave, Port Orchard, WA 98366-5503
      View Details
    • Value Estimation
      $15,610,000
      30,954 SF

      2051 Pottery Ave

      HOMES (RETIRED, NURSING) • 30,954 SF
      2051 Pottery Ave, Port Orchard, WA 98366-2010
      View Details
    • Value Estimation
      $5,545,000
      16,725 SF

      300 Kitsap Blvd

      HOMES (RETIRED, NURSING) • 16,725 SF
      300 Kitsap Blvd, Port Orchard, WA 98366-3778
      View Details
    • Value Estimation
      $1,525,000
      47,572 SF

      2031 Pottery Ave

      HOMES (RETIRED, NURSING) • 47,572 SF
      2031 Pottery Ave, Port Orchard, WA 98366-2010
      View Details
    • Value Estimation by Request
      52,728 SF

      1761 Pottery Ave

      HOMES (RETIRED, NURSING) • 52,728 SF
      1761 Pottery Ave, Port Orchard, WA 98366-2594
      View Details

    Similar Nearby for Sale

    • $250,000

      Undeveloped Parcels in Rural Commercial Area

      Six undeveloped parcels available in a rural commercial area.
      Woods Rd, Port Orchard, WA 98366
      View Details
    • $2,600,000
      316,246 SF

      Kitsap County Commercial Land Assemblage

      7.26-acre commercial land with income potential in Kitsap County.
      4494 Mile Hill Dr, Port Orchard, WA 98366
      View Details
    • $85,000

      Secluded Lot Near Long Lake

      1-acre lot near Long Lake, perfect for building your dream home.
      4808 Sleepy Hollow Ct, Port Orchard, WA 98366
      View Details
    • Contact for pricing

      Development Opportunity in Port Orchard

      Residential development lot with multiple building options and preliminary approvals.
      123 E 4Th St, Port Orchard, WA 98366
      View Details
    • Contact for pricing

      Mixed-Use Property in Prime Location

      Fully leased mixed-use property with income potential in growing area.
      821 Bay St, Port Orchard, WA 98366
      View Details
    • $429,000
      25,265 SF

      Commercially Zoned Land For Sale

      Over half an acre in thriving medical district.
      1870 Pottery Ave, Port Orchard, WA 98366
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,508 SF

      Class A Medical Office Space in Port Orchard

      Prime Port Orchard medical suites, 821-4,403 sq ft.
      450 Kitsap Blvd, Port Orchard, WA 98366
      View Details
    • Contact for pricing
      31,336 SF

      Port Orchard Retail Space Available

      Retail space available in Port Orchard, Washington.
      1435 Olney Ave SE, Port Orchard, WA 98366
      View Details
    • $0.75 SF/Yr
      3,132 SF

      Port Orchard Office Space Available

      Office space available for rent in Port Orchard, Washington.
      9654 SE Southworth Dr, Port Orchard, WA 98366
      View Details
    • Contact for pricing
      159,859 SF

      Port Orchard Retail Center Investment

      Fred Meyer-anchored, high-traffic retail space.
      1900 Sedgwick Rd, Port Orchard, WA 98366
      View Details
    • Contact for pricing
      22,648 SF

      Port Orchard Retail Space Available

      Retail property available for lease in Port Orchard, Washington.
      1025-1039 Bethel Ave, Port Orchard, WA 98366
      View Details
    • $23 SF/Yr
      154,604 SF

      Town Square Retail Center Opportunity

      Port Orchard retail & office space available
      1700 Mile Hill Dr, Port Orchard, WA 98366
      View Details
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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.

    More about this property
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