Drive-Through Restaurant with Real
1221 Sylvan Way, Bremerton, WA 98310
For Sale
Contact for pricing
The sale combines an operating teriyaki business with its land and building.
Property Size2,200 SF
Lot Size0.34 Acres
Price / SF$340.91
Days on Market14
Property Features for 1221 Sylvan Way
General Information
Standard status
Size
Lot size
Property subtype
Financials
Asking Price
Business Included
Restaurant
Commercial Hood
Grease Trap
Additional Details
Drive-Thru
Currently Operating
Building Details
Buildings
Tenancy
Listing Agency:
John L. Scott - Lynnwood
(425) 775-4591
Listed By:
Howard O
(206) 769-4141
Source:
Moodyscre
Added: Oct 28
Changed: Nov 7
Last Checked: Nov 8 at 8:43AM
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 John L. Scott - Lynnwood
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This operating teriyaki restaurant is offered with the underlying property. The approximately 2,200 SF building includes a basement and has drive-through windows and a drive-through sign. The business has been run by the same owners for 30 years. Recent work includes repairs to the roof, grease trap, hood, and air conditioning; most equipment is reported to be in good working order.
The property occupies a 14,810 SF lot at 1221 Sylvan Way in Bremerton. The offering includes both the restaurant business and the real estate.
The property occupies a 14,810 SF lot at 1221 Sylvan Way in Bremerton. The offering includes both the restaurant business and the real estate.
Key Highlights
- Operating teriyaki restaurant and real estate offered together
- Approximately 2,200 SF building, including basement, on a 14,810 SF lot
- Drive‑through windows and sign
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,351
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,027,020
$1.0M
Cap Rate 7%
$733,586
$733.6K
Cap Rate 9%
$570,567
$570.6K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$72.1K $32.76/SF
− Vacancy
−$3.6K −$1.64/SF
EGI
$68.5K $31.12/SF
− OpEx
−$17.1K −$7.78/SF
NOI
$51.4K $23.34/SF
Area
Kitsap County, WA
Vacancy
5.00%
Lease Rate
$32.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,027,020
Cap Rate 7%
$733,586
Cap Rate 9%
$570,567
Alternative Uses
Best Use
Specialty Retail
$733.6K
$641.9K – $855.9K
NOI $51,351 @ 7.0% cap · market cap 6.85%
Second Best
Retail
$364.3K
$318.8K – $425.0K
NOI $25,502 @ 7.0% cap · market cap 3.40%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
597
Businesses Nearby
99k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 82%
Shops & Services 18%
McDonald's
Dining
22,929 visits/mo
0.2 miles
Dutch Bros. Coffee
Dining
21,423 visits/mo
0.3 miles
Starbucks
Dining
12,258 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
11,303 visits/mo
0.1 miles
Speedway
Shops & Services
8,975 visits/mo
0.4 miles
Demographics for 98310, WA
21,580
Population
9,635
Households
2.2
Avg Household Size
37
Median Age
27%
College-Educated
92%
High-School Grad
5.5 sq mi
ZIP Area
3,924
Density / Sq Mi
$73,292
Median Household Income
$43,305
Median Earnings
$1,559
Median Rent
$421,600
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
Frequently Asked Questions
What type of property is this?
Drive through restaurant - The sale combines an operating teriyaki business with its land and building.
Where is this drive through restaurant located?
The property is located at 1221 Sylvan Way Bremerton, WA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Operating teriyaki restaurant and real estate offered together; Approximately 2,200 SF building, including basement, on a 14,810 SF lot; Drive‑through windows and sign
