Looking for cap rate info on Central Kitsap Market

[Bob Malecki]

We we are considering selling our fourplex in Silverdale. I'm trying to get some data on local cap rates that I can use to formulate our selling price. Does anyone know of any data sources that would provide local information?

[Jameson Sullivan]

I would say you are safe in that 6.5%-7% range depending on exactly where the property is located. But your issue becomes that regardless of how you would like it priced, the bank is going to price it based on comparable sales so even if a 6% CAP gives you a value of 600k but the highest comparable they can find is 500k, you're going to run into problems when your buyer goes to finance.