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    2465 Bethel Ave Port Orchard, WA 98366

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    For Sale
    $1,550,000

    High-quality, fully leased office building with significant upside potential.

    Building Details

    Year built
    2005

    Source: G. ANDERSON GROUP, LLC Agent GARY ANDERSON

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Port Orchard Pristine Office Building

    A pristine office building in Port Orchard, first time on the market since its construction in 2005, is 100% leased and features an abundance of parking. The property is equipped with a sprinkler system and is highly visible on one of the busiest roads in Port Orchard. There is no deferred maintenance required. Shared conference room and men's/women's bathrooms are available on each floor, with parking access on both sides of the building. Currently, each tenant is in the midst of short-term, Full-Service Gross Leases, which enables a new owner a large upside in converting the Leases to NNN and locking in longer terms, yielding a Pro Forma CAP of 8.4%. The estimated replacement cost for a building of this stature would be more than double the listed asking price.
    Location Intelligence

    Current Use by Public Records

    Port Orchard Independent Newspaper Publisher

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Port Orchard
    County
    Kitsap
    State
    Washington
    Longitude
    -122.6307968
    Latitude
    47.526338

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    FAQs

    What type of property is this?
    Office building - High-quality, fully leased office building with significant upside potential.
    Where is this office building located?
    The property is located at 2465 Bethel Ave Port Orchard, WA.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: - 100% Leased with Short-Term Leases: Immediate income with potential to increase revenue.; - Significant Upside Potential: Pro Forma CAP rate of 8.4% achievable.; - Replacement Cost Exceeds Asking Price: Strong value, replacement cost is more than double the listed price.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2465 Bethel Ave Port Orchard, WA 98366
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