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Property profile & analytics
OFF-MARKET
Estimated value
$3,615,000
Drug stores
Silverdale, WA 98383
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-2165682
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1980
Total area
23,470 SF
Lot
13.57 ac (591,109 SF)
Zoning code
RC
APN
162501-3-069-2000
UPID
US90-2165682
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
$4.19M
Comparable Approach
Comparable
$2.73M
Blend (final)
Blend
$3.62M
Owner & transaction history
Pk I Silverdale Shopping Ctr L · 19 yrs held
Pk I Silverdale Shopping Ctr L
since 2006
4 recorded transactions
Zoning & alternative use
RC · Silverdale, WA
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 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%
$4,535,000
6.5%
$4,185,000
7%
$3,885,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,990,000
Change: -7% · Conversion: Moderate
MEDICAL BUILDING
$5,700,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.62M
Range $3.25M – $3.98M · ±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
$154 / 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
$42,132
Tax year 2024
Assessed value
$4,742,261
Assessed 2024
Previous assessed
$3,837,145
+23.6% YoY
Effective rate
0.89%
On assessed value
Assessed improvement
$4,742,261
Improvement market value
$4,742,261
Total market value
$4,742,261
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1980
Heating
YES
Stories
1
Total area
23,470 SF
Lot
13.57 ac (591,109 SF)
Zoning code
RC
APN
162501-3-069-2000
UPID
US90-2165682
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
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$5.7M
NEIGHBORHOOD: SHOPPING CENTER
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
1980
Heating
YES
Stories
1
Lot
13.57 ac
Current owner
From public records · entity-resolved
Pk I Silverdale Shopping Ctr L
Individual
Mailing address
500 N BROADWAY STE #201, JERICHO, NY 11753-2122
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2006
$34,812,534
Pk I Silverdale Shopping Ctr L
Ct Operating Ptshp
Grant Deed
$24,000,000 · J P Morgan Chase Bank
Oct 24, 2005
—
Ct Operating Ptshp
Revx-412 LLC
Warranty Deed
related
—
Aug 17, 2005
$32,999,999
Revx-412 LLC
Silverdale Plaza LLC
Warranty Deed
—
Oct 21, 1999
—
Wesbild INC
—
Deed Of Trust
related
$16,000,000 · Bank Of America
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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