Fully Leased Office
104 Tremont St Port Orchard, WA 98366
New
104 Tremont St, Port Orchard, WA, 98366
$1,100,000
For Sale
$1,100,000
100% leased office building with shared ADA restrooms on each floor and a common area kitchen/breakroom.
Property Size5,592 SF
Price / SF$196.71
Days on Market5
Property Features for 104 Tremont St
General Information
- Standard status
- Active
- Size
- 5,592 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1991
Listing Agency
LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES
(253) 686-7474
Listed by
RACHEL CORP · License #WA 41623
Source
Corcoran
Added: Jul 17 Updated: Jul 19 at 2:04 am Checked: Jul 20 at 3:34 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
This fully leased office building offers shared access and well-maintained common amenities, including shared ADA bathrooms on each floor and a common area kitchen/breakroom. The property sits in a park-like setting with mature landscaping and plentiful parking. A small storage shed is included for maintenance tools, and retail-type monument signage is on site. Recent upgrades are noted, and the roof is approximately 6 years old.
Shared access is described with the Kitsap Fire Rescue station, with 24-hour occupancy. The building is located at 104 Tremont St in Port Orchard, Washington.
An indicated 6.44% cap rate is based on actual rents as of 10/1/26.
Shared access is described with the Kitsap Fire Rescue station, with 24-hour occupancy. The building is located at 104 Tremont St in Port Orchard, Washington.
An indicated 6.44% cap rate is based on actual rents as of 10/1/26.
Key Highlights
- 100% leased office building in Port Orchard
- 6.44% cap rate based on actual rents as of 10/1/26
- Shared ADA bathrooms on each floor plus a common area kitchen/breakroom
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.8k | $21.60 |
| − Vacancy | −$14.5k | −$2.59 |
| EGI | $106.3k | $19.01 |
| − OpEx | −$26.6k | −$4.75 |
| NOI | $79.7k | $14.26 |
5,592 SF · lease $21.60/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.14M
$996.5K – $1.33M
NOI $79,720 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.86M
$1.63M – $2.18M
NOI $130,526 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Karen Carr Lindner ...
Physician
Farmers Insurance - Trina ...
Insurance Agency
Glisson & Morris
Law Firm
Law Office of Gregory ...
Law Firm
Law offices of Stephen ...
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - 100% leased office building with shared ADA restrooms on each floor and a common area kitchen/breakroom.
Where is this office building located?
The property is located at 104 Tremont St Port Orchard, WA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 100% leased office building in Port Orchard; 6.44% cap rate based on actual rents as of 10/1/26; Shared ADA bathrooms on each floor plus a common area kitchen/breakroom
