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High-Traffic Retail Opportunity in Bremerton

3558 Wheaton Way Bremerton, WA

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5,460 SF vacant building with high visibility and traffic.

Type:RETAIL
Property size:
5,460 SF
Lot size:
0.76 Acres
Price / SF:
$217/SF
Added:
Nov 24, 2025
Days on Market:
228
Last Refresh:
May 20 at 8:50 pm

Property Features for 3558 Wheaton Way

General Information

Standard status
Active
Size
5,460 SF
Lot size
0.76 Acres
Property subtype
RETAIL

Listing office eXp Realty, LLC

Listing date Nov 24, 2025

Source Moodyscre

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 eXp Realty, LLC


Investment Insights

Based on property information with market context.

Located at the intersection of Wheaton Way and Sylvan Way, this 5,460 square-foot building presents a versatile opportunity for restaurant, retail, or office space. The property is situated in a high-traffic area, surrounded by businesses such as Starbucks, Walgreens, and McDonald’s, and benefits from a daily traffic count of nearly 40,000. Constructed in 1983, the building, formerly a Sizzler restaurant, is currently vacant and requires some maintenance, but features a solid structure. It offers ample parking and dual access from both Wheaton Way and Sylvan Way. This high-visibility location is positioned to meet the demand for new businesses in Bremerton.

Key Highlights

  • High‑traffic location at Wheaton Way/Sylvan Way intersection with nearly 40,000 daily traffic count.
  • Versatile 5,460 SF space suitable for restaurant, retail, or office use.
  • Ample parking and dual access from Wheaton & Sylvan Way.

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 $98.3k $18.00
− Vacancy −$7.9k −$1.44
EGI $90.4k $16.56
− OpEx −$27.1k −$4.97
NOI $63.3k $11.59
5,460 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 30.00%

Alternative Uses

Best Use
Specialty Retail
$1.82M
$1.59M – $2.12M (±1% cap)
NOI $127,445 @ 7.0% cap · market cap 10.71%
Second Best
Retail
$904.2K
$791.2K – $1.05M (±1% cap)
NOI $63,292 @ 7.0% cap · market cap 5.32%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Real Estate Agency Law Firm HVAC Service Hair Salon Big Box & Wholesale Store Auto Parts Store (Bike/Boat/Book/etc) Store Parking Lot & Garage Hotel & Motel Bakery

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

FAQs

What type of property is this?
Retail space - 5,460 SF vacant building with high visibility and traffic.
Where is this retail space located?
The property is located at 3558 Wheaton Way Bremerton, WA.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: High‑traffic location at Wheaton Way/Sylvan Way intersection with nearly 40,000 daily traffic count.; Versatile 5,460 SF space suitable for restaurant, retail, or office use.; Ample parking and dual access from Wheaton & Sylvan Way.
Contact an agent
(360) 259-1894 Call to check price and availability
More about this property
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