10852 Myhre Pl NW Silverdale, WA 98383
Fully occupied NNN retail center with 13 tenants and annual or semiannual rent increases.
Property Features for 10852 Myhre Pl NW
General Information
- Standard status
- Active
- Size
- 39,107 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1987
Listing office Marcus & Millichap - Seattle
Listing date Jul 13, 2026
Source Crexi
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.
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
Local Financial Insights For Retail
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 | $703.9k | $18.00 |
| − Vacancy | −$56.3k | −$1.44 |
| EGI | $647.6k | $16.56 |
| − OpEx | −$194.3k | −$4.97 |
| NOI | $453.3k | $11.59 |
Alternative Uses
Property Analytics
Current Use by Public Records
Similar For Sale Nearby
Similar Off Market Nearby
- Silverdale Plaza — 2950 NW Bucklin Hill Rd, Silverdale, WA 98383
- Kitsap Place — NW Kitsap Pl, Silverdale, WA 98383
- Coinstar Kiosk - Bitcoin ATM — 10315 Silverdale Way NW WinCo, Silverdale, WA 98383
- Kitsap Mall Plaza — 3276 NW Plaza Rd, Silverdale, WA 98383
- Coinstar Kiosk | Bitcoin ATM — Safeway, 2890 NW Bucklin Hill Rd, Silverdale, WA 98383
