Medical Office Building with Clinical
2620 Wheaton Way, Bremerton, WA 98310
For Sale
New
$1,850,000
A clinical layout includes exam rooms, diagnostic space, laboratory processing, reception, and staff support areas.
Property Size8,393 SF
Lot Size0.84 Acres
Price / SF$220.42
Days on Market3
Property Features for 2620 Wheaton Way
General Information
Standard status
Size
Class
Lot size
Property subtype
Zoning
Additional Details
Condition
Asking Price
Highway Access
Property Use
Building Details
Building Size
Year Built
Year Renovated
Buildings
Stories
Listing Agency:
Jara Commercial
Listed By:
Carlos Jara · License WA #134530
(206) 429-5380
Source:
Commercialcafe
Added: Nov 8
Changed: Nov 10
Last Checked: Nov 10 at 5:42AM
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 Jara Commercial
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Investment Insights
Based on property information with market context.
This single-story medical office property contains 8,393 square feet on a 0.84-acre site. Its clinical configuration includes 12 exam rooms, physician and nurse stations, a specimen-processing lab, a DEXA room, reception and check-out areas, and staff support space. Large windows bring daylight into the building, and a surface parking lot is on site. The property is zoned EC.
Located on Wheaton Way in Bremerton, the building is within an established medical corridor. The surrounding area includes dining and shopping options, Harborside Fountain Park, Anthony’s at Sinclair Inlet, and the Bremerton Boardwalk. Major highways and ferry terminals are accessible from the area.
Located on Wheaton Way in Bremerton, the building is within an established medical corridor. The surrounding area includes dining and shopping options, Harborside Fountain Park, Anthony’s at Sinclair Inlet, and the Bremerton Boardwalk. Major highways and ferry terminals are accessible from the area.
Key Highlights
- 8,393 SF medical building on 0.84 acres
- 12 exam rooms, physician and nurse stations, and staff support space
- On‑site lab with specimen processing and a separate DEXA room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$149,465
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,989,300
$3.0M
Cap Rate 7%
$2,135,214
$2.1M
Cap Rate 9%
$1,660,722
$1.7M
Market Conditions
NOI Build-Up for 8,393 SF
Gross rent
$275.0K $32.76/SF
− Vacancy
−$25.8K −$3.08/SF
EGI
$249.1K $29.68/SF
− OpEx
−$99.6K −$11.87/SF
NOI
$149.5K $17.81/SF
Area
Kitsap County, WA
Vacancy
9.40%
Lease Rate
$32.76 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,989,300
Cap Rate 7%
$2,135,214
Cap Rate 9%
$1,660,722
Alternative Uses
Best Use
Healthcare Medical
$2.14M
$1.87M – $2.49M
NOI $149,465 @ 7.0% cap · market cap 8.08%
Second Best
Office B
$1.71M
$1.50M – $1.99M
NOI $119,651 @ 7.0% cap · market cap 6.47%
Theoretical Best
Specialty Retail
$2.80M
$2.45M – $3.27M
NOI $195,905 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
858
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 98310, WA
21,580
Population
9,635
Households
2.2
Avg Household Size
37
Median Age
27%
College-Educated
92%
High-School Grad
5.5 sq mi
ZIP Area
3,924
Density / Sq Mi
$73,292
Median Household Income
$43,305
Median Earnings
$1,559
Median Rent
$421,600
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A clinical layout includes exam rooms, diagnostic space, laboratory processing, reception, and staff support areas.
Where is this medical office space located?
The property is located at 2620 Wheaton Way Bremerton, WA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 8,393 SF medical building on 0.84 acres; 12 exam rooms, physician and nurse stations, and staff support space; On‑site lab with specimen processing and a separate DEXA room
