Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space Near Kitsap Mall Title is generated by Realmo AI

    3235 NW Plaza Rd, Silverdale, WA 98383

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space with high visibility near Kitsap Mall.

    Type:Retail
    Property size:
    3,500 SF
    Added:
    Mar 6, 2026
    Days on Market:
    74
    Last Refresh:
    Apr 5 at 10:23 pm

    Property Features for 3235 NW Plaza Rd

    General Information

    Standard status
    Active
    Size
    3,500 SF
    Property subtype
    Retail

    Spaces For Lease

    at 3235 NW Plaza Rd Contact us

    We can help!

    Listing Contact
    Barry Kelly

    Listing agent Barry Kelly

    Listing office NAI PUGET SOUND PROPERTIES

    Listing date Mar 6, 2026

    Source Nai-psp

    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 NAI PUGET SOUND PROPERTIES

    HighLights

    • Prime retail location next to Kitsap Mall.
    • High visibility regional site serving the entire Kitsap Peninsula.
    • Easy access to Highways 3 and 303, just off Silverdale Way.
    • Located in front of Hobby Lobby, one block from Target, and across from the Kitsap Mall with new Winco.
    • 3,500 SF available.
    • Prominent retail pad.

    Overview

    This retail space is located next to Kitsap Mall in Silverdale, Washington, offering convenient access to Highways 3 and 303, situated just off Silverdale Way. The available space measures 3,500 square feet. The property is positioned in a prominent retail area in front of Hobby Lobby, one block from Target, and across from the Kitsap Mall, which features a new Winco. This regional site benefits from tremendous visibility, serving the entire Kitsap Peninsula.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Dental Office Spa & Massage Center Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Silverdale
    County
    Kitsap
    State
    Washington
    Longitude
    -122.693
    Latitude
    47.6561

    Nearby Similar for Lease

    • $22 SF/Yr
      9,351 SF

      Silverdale Office with Inlet Views

      Office space for lease or sale with water views.
      9619 Levin Road Northwest, Silverdale, WA 98383
      View Details
    • $21 SF/Yr
      22,571 SF

      Silverdale Commercial Property For Lease

      Versatile commercial property with ample parking and high visibility.
      9633 Levin Road NW, Silverdale, WA 98383
      View Details
    • $12 SF/Yr
      28,516 SF

      Silverdale Retail Opportunity Near Mall

      Prime retail space in Silverdale near Kitsap Mall.
      10876 Myhre Place NW, Silverdale, WA 98383
      View Details
    • $25 SF/Yr
      6,140 SF

      Spacious Office Space Available

      Large office space with 21 offices, available 10/01/25.
      9564 Silverdale Way, Silverdale, WA
      View Details
    • $27 SF/Yr
      730 SF

      Waterfront View Office Space

      Office space with waterfront views at The Silverdale Landing.
      9226 Bayshore Dr NW, Silverdale, WA
      View Details
    • $28 SF/Yr
      1,883 SF

      Silverdale Office Space For Rent

      Office space with kitchen access available for rent.
      9657 Levin Rd NW, Silverdale, WA
      View Details
    • Contact for pricing
      9,976 SF

      Retail Space Near Kitsap Mall

      Retail space available near Kitsap Mall with highway access.
      3235 NW Plaza Rd, Silverdale, WA 98383
      View Details
    • $22 SF/Yr
      3,000 SF

      Silverdale Medical/Office Space Available

      Large, visible medical or office space in Silverdale for rent.
      9951 Mickelberry Rd NW, Silverdale, WA
      View Details
    • $17 SF/Yr
      1,349 SF

      Silverdale Office Space Available

      Office space featuring private offices, reception, and open workspace.
      3100 Bucklin Hill Rd NW, Silverdale, WA
      View Details
    • $18 SF/Yr
      9,975 SF

      Silverdale Retail Pad Sites Available

      Prime retail location with high visibility and ample parking.
      9476-9490 Silverdale Way NW, Silverdale, WA
      View Details
    • $20 SF/Yr
      2,250 SF

      Silverdale Office Space Available

      2250 square feet of office space for lease.
      11634 Clear Creek Rd NW, Silverdale, WA
      View Details
    • Contact for pricing
      3,908 SF

      Former Restaurant or Retail Site

      Freestanding building in Silverdale with ample parking and excellent access.
      3070 NW Bucklin Hill Rd, Silverdale, WA
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility near Kitsap Mall.
    Where is this retail space located?
    The property is located at 3235 NW Plaza Rd Silverdale, WA.
    What are key features of this property?
    This property features: Prime retail location next to Kitsap Mall.; High visibility regional site serving the entire Kitsap Peninsula.; Easy access to Highways 3 and 303, just off Silverdale Way.
    (425) 586-5625
    We can help!
    Listing Contact
    Barry Kelly
    Learn More
    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
    3235 NW Plaza Rd, Silverdale, WA 98383
    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!