Fully Leased NNN Retail
For Sale
Contact for pricing
10852 Myhre Pl NW, Silverdale, WA 98383
Fully occupied NNN retail center with 13 tenants and annual or semiannual rent increases.
Property Size39,107 SF
Price / SF$248.29
Days on Market94
Property Features for 10852 Myhre Pl NW
General Information
Standard status
Active
Size
39,107 SF
Class
B
Property subtype
Retail
Zoning
RC - Regional Center
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$679,759
Building Details
Year Built
1987
Year Renovated
2016
Stories
1
Units
13
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Seattle
Listed By:
Clayton J. Brown · License #SP56979
Source:
Crexi
Added: Jul 13
Changed: Oct 13
Last Checked: Oct 12 at 8:38PM
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 Marcus & Millichap - Seattle
Investment Insights
Based on property information with market context.
Myhre Place Retail Center is a fully occupied NNN retail property marketed for sale with 13 tenants in place. The center operates on NNN leases with management fee reimbursement, and each lease includes annual or semiannual rent increases of 3% to 6%. Tenant occupancy is heavily established, with over 76% of GLA occupied by tenants in place more than five years and nearly 50% in place more than ten years.
The property is located in the Silverdale retail trade area on the Kitsap Peninsula and is shadow anchored by Kitsap Mall. It is surrounded by major retailers including WinCo, Target, Costco, Home Depot, REI, and Trader Joe’s.
Two new five-year leases executed since early 2026 have brought the property to full occupancy and contributed to NOI growth. The center is currently fully leased.
The property is located in the Silverdale retail trade area on the Kitsap Peninsula and is shadow anchored by Kitsap Mall. It is surrounded by major retailers including WinCo, Target, Costco, Home Depot, REI, and Trader Joe’s.
Two new five-year leases executed since early 2026 have brought the property to full occupancy and contributed to NOI growth. The center is currently fully leased.
Key Highlights
- Fully occupied NNN retail center built in 1987 with 13 tenants
- Tenants include grocery, restaurant, brewery, experiential, general retail, and professional services
- Over 76% of GLA leased to tenants in place more than five years; nearly 50% for more than ten years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$453,328
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,066,560
$9.1M
Cap Rate 7%
$6,476,114
$6.5M
Cap Rate 9%
$5,036,978
$5.0M
Market Conditions
NOI Build-Up for 39,107 SF
Gross rent
$703.9K $18.00/SF
− Vacancy
−$56.3K −$1.44/SF
EGI
$647.6K $16.56/SF
− OpEx
−$194.3K −$4.97/SF
NOI
$453.3K $11.59/SF
Area
Kitsap County, WA
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,066,560
Cap Rate 7%
$6,476,114
Cap Rate 9%
$5,036,978
Alternative Uses
Best Use
Retail
$6.48M
$5.67M – $7.56M
NOI $453,328 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$13.04M
$11.41M – $15.21M
NOI $912,816 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,207
Businesses Nearby
224k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 66%
Home Improvements & Furnishings 26%
Shops & Services 6%
Dining 1%
Costco Wholesale
Superstores
148,833 visits/mo
0.5 miles
The Home Depot
Home Improvements & Furnishings
31,833 visits/mo
0.1 miles
Lowe's
Home Improvements & Furnishings
26,822 visits/mo
0.5 miles
76
Shops & Services
8,869 visits/mo
0.2 miles
Domino's Pizza
Dining
3,157 visits/mo
0.1 miles
Demographics for 98383, WA
21,565
Population
9,660
Households
2.2
Avg Household Size
39
Median Age
37%
College-Educated
96%
High-School Grad
17.4 sq mi
ZIP Area
1,239
Density / Sq Mi
$106,902
Median Household Income
$55,005
Median Earnings
$2,076
Median Rent
$565,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied NNN retail center with 13 tenants and annual or semiannual rent increases.
Where is this shopping center located?
The property is located at 10852 Myhre Pl NW Silverdale, WA.
What is the asking price?
The asking price for this property is $9,710,000.
What are key features of this property?
This property features: Fully occupied NNN retail center built in 1987 with 13 tenants; Tenants include grocery, restaurant, brewery, experiential, general retail, and professional services; Over 76% of GLA leased to tenants in place more than five years; nearly 50% for more than ten years
