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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Poulsbo, WA 98370

    • Commercial real estate
    • 1,319 SF
    • 22.64 lot acres
    OFF-MARKET
    Value Estimations
    $400,000
    Show details
    Cap Rate Potential
    4.4%
    Commercial real estate
    Location Intelligence
    Property ID
    US90-2752848
    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

    • Commercial real estate

    Property Details

    Year built
    1980
    Lot size
    22.64 lot acres
    Property size
    1,319 SF
    Property type
    Commercial real estate
    APN
    282601-3-001-2105
    APU
    28260130012105

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $370,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $275,000
      6.5%
      $250,000
      7%
      $235,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $606,000
      Market price range: $180k - $1.09M
      AI Estimate
      $272,000
      Market price range: $154k - $415k

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

    Location Insight

    • Map
    • Local Demand
    City
    Poulsbo
    County
    Kitsap
    State
    Washington
    Longitude
    -122.635
    Latitude
    47.7435
    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
    $3,264
    $298,240
    $80,010
    $378,250
    -
    $298,240
    $80,010
    $378,250

    Comparable in this City

    • Value Estimation by Request
      0.74 Acres

      Poulsbo, WA 98370

      COMMERCIAL (GENERAL) • 0.74 Acres
      Poulsbo, WA 98370
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    • Value Estimation
      $305,000
      1,100 SF

      20337 Bond NE Rd

      COMMERCIAL (GENERAL) • 1,100 SF
      20337 Bond NE Rd, Poulsbo, WA 98370-9252
      View Details
    • Value Estimation
      $555,000
      6,375 SF

      12461 Cp NW Ct

      COMMERCIAL (GENERAL) • 6,375 SF
      12461 Cp NW Ct, Poulsbo, WA 98370
      View Details
    • Value Estimation
      $400,000
      4,038 SF

      19168 Jensen NE Way

      COMMERCIAL (GENERAL) • 4,038 SF
      19168 Jensen NE Way, Poulsbo, WA 98370
      View Details
    • Value Estimation
      $1,415,000
      98,525 SF

      21750 Market NW Pl

      COMMERCIAL (GENERAL) • 98,525 SF
      21750 Market NW Pl, Poulsbo, WA 98370-6633
      View Details
    • Value Estimation by Request
      11,000 SF

      14976 Sandy Hook NE Rd

      COMMERCIAL (GENERAL) • 11,000 SF
      14976 Sandy Hook NE Rd, Poulsbo, WA 98370-7868
      View Details

    Similar Nearby for Sale

    • $717,000
      1.91 Acres

      Poulsbo Commercial Land - Hwy 305

      Prime Poulsbo location, 1.91 acres, C-3 zoning.
      0 7Th Ave, Poulsbo, WA 98370
      View Details
    • $4,200,000
      0.94 Acres

      Poulsbo Office Complex - Highway 305

      Luxury Office Building, High Visibility, 0.94 Acres
      19660 10Th Ave, Poulsbo, WA 98370
      View Details
    • Contact for pricing
      0.83 Acres

      College Marketplace: Poulsbo Land

      Prime Poulsbo commercial land, high traffic.
      3 Wa-305, Poulsbo, WA 98370
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    • $1,050,464

      Land Available in Poulsbo, WA

      Land for sale in Poulsbo, Washington. Tax ID: 10260130712001.
      21199 Olhava Way NW, Poulsbo, WA 98370
      View Details
    • $1,500,000
      8,000 SF

      Functional Warehouse in Strategic Location

      8,000 SF warehouse with easy access to major highways.
      5805 NE Minder Rd, Poulsbo, WA 98370
      View Details
    • $5,300,000

      Poulsbo Development Opportunity

      9.72-acre assemblage for residential development in Poulsbo, WA.
      21555 Urdahl Rd NW, Poulsbo, WA 98370
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    Similar Nearby for Lease

    • $1.25 SF/Yr
      15,966 SF

      Poulsbo Warehouse Space Available

      15,966 SF warehouse space for rent in Poulsbo, WA.
      20081 Viking Ave NW, Poulsbo, WA 98370
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    • $25 SF/Yr
      20,000 SF

      Office Space with Mountain Views

      Office space in Poulsbo with mountain views and ample parking.
      19462 Powder Hill Pl NE, Poulsbo, WA 98370
      View Details
    • $32 SF/Yr
      1,865 SF

      High-Traffic Retail/Commercial Space Available

      Retail/commercial space with high visibility and traffic.
      19723 10Th Ave NE, Poulsbo, WA 98370
      View Details
    • $0.90 SF/Yr
      24,246 SF

      Scalable Warehouse Space Available

      High-functioning warehouse space suitable for e-commerce, distribution, or industrial teams.
      26287 12 Trees Ln NW, Poulsbo, WA 98370
      View Details
    • $26 SF/Yr
      9,600 SF

      Poulsbo Office Space Available

      9,600 SF office space for lease in Poulsbo, WA.
      19917 7Th Ave NE, Poulsbo, WA 98370
      View Details
    • $20 SF/Yr
      1,001 SF

      Professional Office Space For Lease

      Office or medical space available in Poulsbo Professional Building.
      19068 Jensen Way NE, Poulsbo, WA 98370
      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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