Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Port Orchard Office Condo Unit Title is generated by Realmo AI

    1740 Pottery Ave, Port Orchard, WA 98366

    View on Map
    Claim this Listing
    For Sale
    $599,000

    Office condo in Port Orchard medical corridor, ready for medical practice.

    Type:Commercial
    Property size:
    1,696 SF
    Price / SF:
    $353/SF
    Added:
    Jan 8, 2026
    Days on Market:
    147
    Last Refresh:
    Apr 5 at 9:13 pm

    Property Features for 1740 Pottery Ave

    General Information

    Standard status
    Active
    Size
    1,696 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2007

    We can help!

    Listing Contact
    TJ MARTIN

    Listing agent TJ MARTIN

    Listing office MARTIN REAL ESTATE GRP

    Listing date Jan 8, 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 MARTIN REAL ESTATE GRP

    HighLights

    • Prime location in the heart of the Port Orchard medical corridor.
    • Adaptable space suitable for medical or professional office use (currently a law office).
    • Features a fantastic lobby/reception area with enclosed receptionist office.
    • Includes a lunch room and private ensuite bathroom.
    • Offers a large conference room with an observation room.
    • Provides 5 individual office spaces and multiple large storage closets.

    Overview

    This 1696-square-foot office condo unit is located in the heart of the Port Orchard medical corridor. Currently used as a law office, the space is also suitable for a medical practice. The layout includes a lobby and reception area with an enclosed receptionist office featuring a large window. There is a lunch room and a private ensuite bathroom. The condo also features a large conference room with an observation room behind a one-way glass mirror, along with five individual office spaces and multiple large storage closets. The building is accessible via elevators and a staircase from entry and public spaces.

    Local Financial Insights For Healthcare Medical

    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 $55.6k $32.76
    − Vacancy −$5.2k −$3.08
    EGI $50.3k $29.68
    − OpEx −$20.1k −$11.87
    NOI $30.2k $17.81
    1,696 SF · lease $32.76/SF/yr · vacancy 9.40% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $431.5K
    $377.5K – $503.4K (±1% cap)
    NOI $30,203 @ 7.0% cap · market cap 5.04%
    Second Best
    Office B
    $345.4K
    $302.2K – $403.0K (±1% cap)
    NOI $24,178 @ 7.0% cap · market cap 4.04%
    Theoretical Best
    Specialty Retail
    $565.5K
    $494.8K – $659.8K (±1% cap)
    NOI $39,587 @ 7.0% cap · market cap 6.61%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Adept Law PLLC Law Firm Kitsap Eye Physicians Physician Debra M. Sorensen, ... Physician Olympic Peaks Optical Ophthalmologist Jason G. Gagnon, ... Physician

    Suggested Use

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

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

    Similar Places Nearby

    • Integrated Veterinary A.R.T.S — 1950 Pottery Ave Suite 180, Port Orchard, WA 98366

    Location Insight

    • Map
    • Local Demand
    City
    Port Orchard
    County
    Kitsap
    State
    Washington
    Longitude
    -122.653
    Latitude
    47.5226

    Nearby Similar for Sale

    • $1,650,000
      4,618 SF

      Distinctive Commercial Landmark in Port Orchard

      Landmark building suitable for medical, retail, or educational purposes.
      1130 Bethel Avenue, Port Orchard, WA
      View Details
    • $2,300,000
      10,171 SF

      South Kitsap Professional Office Building

      Professional office building in South Kitsap's medical corridor.
      1922 Pottery Ave, Port Orchard, WA 98366
      View Details
    • $2,300,000
      10,171 SF

      South Kitsap Medical/Professional Office Building

      Office building in South Kitsap's medical corridor, ideal for owner-user.
      1922 Pottery Avenue, Port Orchard, WA 98366
      View Details
    • $600,000
      1,068 SF

      Gorst Commercial Property with Redevelopment Potential

      Commercial property in Gorst with redevelopment and rental income potential.
      3955 W Frontage Rd, Port Orchard, WA
      View Details
    • $574,000

      Port Orchard Office Condo Unit

      Office condo in Port Orchard medical corridor, ready for medical practice.
      1740 Pottery Avenue #300, Port Orchard, WA 98366
      View Details
    • $975,000

      Retail Opportunity in Port Orchard

      Retail space with potential for owner-operator.
      3985 Cherry St SE, Port Orchard, WA 98366
      View Details
    • $850,000
      4,400 SF

      Vacant Industrial Building in Port Orchard

      Vacant industrial building with office space and fenced parking.
      1415 Lumsden Rd, Port Orchard, WA
      View Details
    • $1,300,000
      3,840 SF

      Well-Maintained Office Building with Garage

      Two-story office building with flexible layout and detached garage.
      1550 Woodridge Dr SE, Port Orchard, WA 98366
      View Details
    • $999,999
      3,840 SF

      Well-Maintained Office Building with Garage

      Two-story office building with flexible layout and detached garage/shop.
      1550 Woodridge Dr SE, Port Orchard, Port Orchard, WA 98366
      View Details
    • $40,000

      Established Restaurant Opportunity in Port Orchard

      Turnkey gourmet hot dog restaurant with loyal community following.
      1700 SE Mile Hill Dr, Port Orchard, WA 98366
      View Details
    • $970,000
      5,000 SF

      Port Orchard Two-Story Office Building

      Two-story office building near Highway 16 with updated leases.
      104 Tremont St, Port Orchard, WA
      View Details
    • $1,150,000
      9,079 SF

      Mixed-Use Development Opportunity

      Mixed-use zoned property in downtown Port Orchard.
      100-160 Bethel Ave, Port Orchard, WA
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Office condo in Port Orchard medical corridor, ready for medical practice.
    Where is this medical office space located?
    The property is located at 1740 Pottery Ave Port Orchard, WA.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Prime location in the heart of the Port Orchard medical corridor.; Adaptable space suitable for medical or professional office use (currently a law office).; Features a fantastic lobby/reception area with enclosed receptionist office.
    (360) 876-7600
    We can help!
    Listing Contact
    TJ MARTIN
    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
    1740 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!