Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office and Heated Warehouse Space Title is generated by Realmo AI

    128 Oyster Bay Ave S, Bremerton, WA 98312

    View on Map
    Claim this Listing
    For Lease
    $6,240/Mo $24 SF/Yr (calc)

    Versatile industrial/flex space with office, heated warehouse, and parking.

    Type:Commercial
    Property size:
    3,000 SF
    Added:
    Jan 21, 2026
    Days on Market:
    134
    Last Refresh:
    Apr 5 at 11:20 pm

    Property Features for 128 Oyster Bay Ave S

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2002

    We can help!

    Listing Contact
    KRISTOPHER WILSON

    Listing agent KRISTOPHER WILSON

    Listing office THE WYNN GROUP

    Listing date Jan 21, 2026

    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 THE WYNN GROUP

    HighLights

    • Minutes from Highway 3, providing convenient access.
    • Heated 2,000 SF warehouse space suitable for various purposes.
    • 1,000 SF of professional office space with three private offices.
    • Two full‑height roll‑up doors for efficient loading.
    • Flexible space suitable for a variety of industrial and flex‑use purposes.
    • Built in 2002.

    Overview

    This industrial/flex space, located minutes from Highway 3, features a blend of office conveniences, heated warehouse functionality, and outdoor support areas. The suite includes 1,000 square feet of office space, with three private offices, a restroom, and a kitchenette. Connected to the office is a 2,000-square-foot heated warehouse, suitable for storage, light manufacturing, or distribution. The warehouse includes two full-height roll-up doors and a wide-open layout. The property's total size is 3,000 square feet and it includes parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    DISH Telecommunications Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bremerton
    County
    Kitsap
    State
    Washington
    Longitude
    -122.673
    Latitude
    47.5627

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      WA, Bremerton - Warren Ave

      400 Warren Ave Ste 450, Unit 4TH, Bremerton, WA 98337
      View Details
    • $25 SF/Yr
      1,893 SF

      Bremerton Retail/Office Space Available

      Retail/Office space for lease in West Bremerton submarket.
      5373 Auto Center Way, Bremerton, WA 98312
      View Details
    • $1,500/Mo
      954 SF

      Retail Space on Busy Avenue

      A rental retail space positioned along a busy thoroughfare for brands needing strong street-level exposure.
      625 Callow Ave, Bremerton, WA 98312
      View Details
    • $2,025/Mo
      1,620 SF

      Office Space on Kitsap Way

      Office space available January 2026 in thriving Bremerton area.
      3721 Kitsap Way, Bremerton, WA 98312
      View Details
    • $6,240/Mo
      3,000 SF

      Office and Heated Warehouse Space

      Ground-level office and heated warehouse space near Highway 3.
      128 Oyster Bay Ave S, Bremerton, WA 98312
      View Details
    • $15 SF/Yr
      3,665 SF

      Medical Office Space Available

      Medical office space with multiple exam rooms and storage.
      3036 Perry Ave, Bremerton, WA
      View Details
    • $4,461/Mo
      2,433 SF

      Office or Retail Space Available

      Office or retail space with great signage and ample parking.
      3330 Kitsap Way, Bremerton, WA 98312
      View Details
    • $10,719/Mo
      9,188 SF

      Restaurant Building with High Visibility

      Near-move-in-ready restaurant building with high traffic location.
      4180 Kitsap Way, Bremerton, WA 98312
      View Details
    • $7,245/Mo
      5,796 SF

      Retail Space on Kitsap Way

      Well-maintained retail space available in Bremerton, near Seattle ferry.
      5002 Kitsap Way, Bremerton, WA 98312
      View Details
    • $15 SF/Yr
      751 SF

      Bremerton Office Space For Rent

      Office space featuring restrooms, six offices, and open space.
      4040 Wheaton Way, Bremerton, WA
      View Details
    • $6,250/Mo
      3,000 SF

      Versatile Industrial/Flex Space Available

      Industrial/flex space with office, warehouse, and secure yard in Bremerton.
      128-130 Oyster Bay Ave S, Bremerton, WA
      View Details
    • $2,947/Mo
      2,210 SF

      High-Traffic Retail Space Available

      Retail space with high visibility and parking in Bremerton.
      301 Callow Ave, Bremerton, WA 98312
      View Details

    FAQs

    What type of property is this?
    Flex space - Versatile industrial/flex space with office, heated warehouse, and parking.
    Where is this flex space located?
    The property is located at 128 Oyster Bay Ave S Bremerton, WA.
    What is the lease rate?
    The lease rate is $6,240 /Mo.
    What are key features of this property?
    This property features: Minutes from Highway 3, providing convenient access.; Heated **2,000 SF warehouse space** suitable for various purposes.; 1,000 SF of professional office space with three private offices.
    We can help!
    Listing Contact
    KRISTOPHER WILSON
    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
    128 Oyster Bay Ave S, Bremerton, WA 98312
    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!