Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Port Orchard Office Space Available Title is generated by Realmo AI

    1950 Pottery Ave, Port Orchard, WA 98366

    View on Map
    Claim this Listing
    For Lease
    $7,000/Mo $17 SF/Yr (calc)

    Centrally located office spaces with easy access and great visibility.

    Type:Commercial
    Property size:
    4,941 SF
    Added:
    Mar 6, 2023
    Days on Market:
    1186
    Last Refresh:
    Apr 5 at 11:21 pm

    Property Features for 1950 Pottery Ave

    General Information

    Standard status
    Active
    Size
    4,941 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1978

    We can help!

    Listing Contact
    CARLOS JARA

    Listing agent CARLOS JARA

    Listing office PELLEGO, INC

    Listing date Mar 6, 2023

    Source Corcoran

    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 PELLEGO, INC

    HighLights

    • Central location with easy access off WA‑16.
    • Less than 25‑minute drive to Bremerton Ferry, Southworth Ferry, or Tacoma Narrows Bridge.
    • Great visibility and street presence.
    • Plenty of parking.
    • Monument signage available.
    • Modified Gross lease in a well‑known building.

    Overview

    This centrally located office space in Port Orchard, Washington, offers convenient access off WA-16 and is less than a 25-minute drive to the Bremerton Ferry, Southworth Ferry, or Tacoma Narrows Bridge. The property features great visibility, street presence, and ample parking. Monument signage is available for tenants. The available spaces are located within a well-known building in South Kitsap and are suitable for professional services, administrative functions, and technology-related businesses. The property has a tax ID of 03230110312006. The property size is 4941 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Seims Richard D ... Dental Office Peninsula Community Health ... Dental Office Sound Mind & Health ... Physician Coval Homes - Kitsap Construction Company Cardio Heart & Lung ... Medical Clinic

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Orchard
    County
    Kitsap
    State
    Washington
    Longitude
    -122.653
    Latitude
    47.5189

    Nearby Similar for Lease

    • $4,381/Mo
      2,146 SF

      Port Orchard Office Space Available

      Well-maintained office building in South Kitsap's medical corridor.
      1922 Pottery Ave, Port Orchard, WA 98366
      View Details
    • $1,568/Mo
      1,045 SF

      Downtown Port Orchard Office Suite

      Office suite in downtown Port Orchard near amenities and transportation.
      1014 Bay Street, Port Orchard, WA 98366
      View Details
    • $4,350/Mo
      3,480 SF

      Flexible Commercial Building with Parking

      3,480 SF commercial building suitable for various business uses.
      4560 Mile Hill Dr, Port Orchard, WA 98366
      View Details
    • $1,181/Mo
      1,012 SF

      Professional Office Space Available

      Office suite with kitchenette in professional Port Orchard plaza.
      2465 Bethel Ave, Port Orchard, WA 98366
      View Details
    • $3,221/Mo
      1,718 SF

      Port Orchard Office Space Available

      Office space with ample parking and flexible zoning.
      2143 Bethel Avenue SE, Port Orchard, WA 98366
      View Details
    • $2,578/Mo
      130 SF

      Office Space on Mile Hill

      Office suite available in a professional Port Orchard location.
      2501 Mile Hill Dr, Port Orchard, WA 98366
      View Details
    • $206,267 SF/Yr
      1,007 SF

      Corner Office Suite For Rent

      Professional office space with natural light and convenient location.
      2501 Mile Hill Dr, Port Orchard, WA 98366
      View Details
    • $3,875/Mo
      1,860 SF

      Updated Office Space For Lease

      Updated office space with private entrance and independent HVAC.
      1140 Bethel Avenue, Port Orchard, WA 98366
      View Details
    • $3,500/Mo
      1,368 SF

      Port Orchard Office Spaces Available

      Five office spaces available in well-located Port Orchard commercial building.
      3010 Bethel Rd SE, Port Orchard, WA 98366
      View Details
    • $500/Mo
      997 SF

      Executive Office Suites For Lease

      Executive office suites available for lease with included utilities.
      813 Division St, Port Orchard, WA 98366
      View Details
    • $4,357/Mo
      2,716 SF

      Retail Space in Town Square

      Retail space available in Town Square Port Orchard shopping center.
      1700 Mile Hill Dr, Port Orchard, WA 98366
      View Details
    • $1,240/Mo
      930 SF

      Professional Office Suite For Rent

      Second-floor office suite in high-visibility location, suitable for professionals.
      2497 Bethel Rd SE, Port Orchard, WA 98366
      View Details

    FAQs

    What type of property is this?
    Office units - Centrally located office spaces with easy access and great visibility.
    Where is this office units located?
    The property is located at 1950 Pottery Ave Port Orchard, WA.
    What is the lease rate?
    The lease rate is $7,000 /Mo.
    What are key features of this property?
    This property features: Central location with easy access off WA‑16.; Less than 25‑minute drive to Bremerton Ferry, Southworth Ferry, or Tacoma Narrows Bridge.; Great visibility and street presence.
    We can help!
    Listing Contact
    CARLOS JARA
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1950 Pottery Ave, Port Orchard, WA 98366
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!