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    1353 SE Port Orchard Blvd Port Orchard, WA 98366

    For Sale
    $5,600,000

    Anchored shopping center with long-term leases in high-growth community.

    Property size:
    69,346 SF

    Property Features for 1353 SE Port Orchard Blvd

    General Information

    Standard status
    Active
    Size
    69,346 SF

    Building Details

    Year built
    1987

    Source: FIRST WESTERN PROPERTIES, INC. Agent RYAN MARN

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

    Overview

    Bi-Mart Anchored Shopping Center

    The Port Orchard Shopping Center is anchored by Bi-Mart and is located in a high-growth community outside Seattle. The shopping center has a Weighted Average Lease Term of 9.5 years, offering long-term investment stability. The tenant mix includes discount and e-commerce-proof businesses. Bi-Mart is an anchor tenant with brand recognition throughout the Pacific Northwest. The adjacent Tractor Supply and a top-performing Albertsons provide additional customer draw to the property. The property contains 69346 square feet and is located at 1353 Olney Ave SE, Port Orchard, WA 98366.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    HPSC, High Point Shopping Center

    Location Insight

    • Map
    • Local Demand
    City
    Port Orchard
    County
    Kitsap
    State
    Washington
    Longitude
    -122.6418023
    Latitude
    47.5369918

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    FAQs

    What type of property is this?
    Shopping center - Anchored shopping center with long-term leases in high-growth community.
    Where is this shopping center located?
    The property is located at 1353 SE Port Orchard Blvd Port Orchard, WA.
    What is the asking price?
    The asking price for this property is $5,600,000.
    What are key features of this property?
    This property features: - Bi-Mart anchored shopping center provides a stable, credit-worthy tenant with strong brand recognition.; - Weighted Average Lease Term of 9.5 years ensures excellent long-term investment stability.; - Desirable mix of discount and e-commerce-proof tenants minimizes risk.
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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
    1353 SE Port Orchard Blvd Port Orchard, WA 98366
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