Multi-Tenant Shopping Center
1541 SE PIPERBERRY WAY, Port Orchard, WA 98366
Acquire Bethel Center, a multi-tenant leased retail property serving Port Orchard with easy regional access.
Type:Retail
Property size:
8,750 SFPrice / SF:
$171/SF- Added:
- Jun 10, 2026
- Days on Market:
- 16
- Last Refresh:
- Jun 20 at 5:42 am
Property Features for 1541 SE PIPERBERRY WAY
General Information
- Standard status
- Active
- Size
- 8,750 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing office Kidder Mathews Seattle
Listing date Jun 10, 2026
Source Crexi
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 Kidder Mathews Seattle
HighLights
- Bethel Center is a multi‑tenant leased retail investment in Port Orchard, Washington
- Year built: 2005
- Port Orchard is easily accessible from Seattle and Tacoma
Overview
Bethel Center is a multi-tenant, leased retail investment offered for sale at 1541 SE Piperberry Way in Port Orchard, Washington. The property is positioned as a shopping center with storefront-style space totaling approximately 8,750 square feet. As a leased investment, it is set up for an ownership group looking to acquire income-producing retail real estate with multiple tenant occupancies in place.
Port Orchard is described as being easily accessible from Seattle and Tacoma, and functions as an access community for both areas. This places the asset in a regional travel corridor where convenience and connectivity can support retail demand.
For investors, the key takeaway is the multi-tenant structure combined with existing leases, which can offer diversification across tenant spaces within a single retail property. For retail operators evaluating space within a shopping center environment, the configuration can support a variety of storefront-based uses, with the advantage of being part of an established, occupied retail setting. Interested parties should review the lease details and tenant lineup as part of their diligence.
Port Orchard is described as being easily accessible from Seattle and Tacoma, and functions as an access community for both areas. This places the asset in a regional travel corridor where convenience and connectivity can support retail demand.
For investors, the key takeaway is the multi-tenant structure combined with existing leases, which can offer diversification across tenant spaces within a single retail property. For retail operators evaluating space within a shopping center environment, the configuration can support a variety of storefront-based uses, with the advantage of being part of an established, occupied retail setting. Interested parties should review the lease details and tenant lineup as part of their diligence.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $157.5k | $18.00 |
| − Vacancy | −$12.6k | −$1.44 |
| EGI | $144.9k | $16.56 |
| − OpEx | −$43.5k | −$4.97 |
| NOI | $101.4k | $11.59 |
8,750 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.45M
$1.27M – $1.69M
NOI $101,430 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.92M
$2.55M – $3.40M
NOI $204,238 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
A Festival of Dance
Theater & Performing Art Venue
Simon's
Restaurant
Fab U Look
Hair Salon
Law Office of Jean ...
Law Firm
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Location Insight
- Map
- Local Demand
- City
- Port Orchard
- County
- Kitsap
- State
- Washington
- Longitude
- -122.6318921
- Latitude
- 47.5073965
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Acquire Bethel Center, a multi-tenant leased retail property serving Port Orchard with easy regional access.
Where is this shopping center located?
The property is located at 1541 SE PIPERBERRY WAY Port Orchard, WA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Bethel Center is a multi‑tenant leased retail investment in Port Orchard, Washington; Year built: 2005; Port Orchard is easily accessible from Seattle and Tacoma
