Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3721 Kitsap Way Bremerton, WA 98312

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,025 /Mo ($15 SF/Yr)

    Office space available January 2026 in thriving Bremerton area.

    Property size:
    1,620 SF
    Lot size:
    1,620 SF

    Property Features for 3721 Kitsap Way

    General Information

    Standard status
    Active
    Size
    1,620 SF

    Building Details

    Year built
    1979

    We can help!

    Listing Contact
    Diana Choi
    Source: Corcoran

    Listing Agency: EXP COMMERCIAL Listing Agent: Diana Choi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Office Space on Kitsap Way

    This office space, comprising approximately 1,620 square feet, will be available in January 2026. The corner unit offers excellent visibility on Kitsap Way, which sees high traffic volume of 40,000 cars daily, and convenient access from a quieter side street. Abundant parking is available for both customers and employees. The space is suitable for professional services or retail. Current tenants in the building include a nail salon, barber, massage services, labor union, and a construction support office. The building management is committed to tenant success. Located in a thriving area with new housing being built nearby, this space offers a blend of high visibility and accessibility.
    Location Intelligence

    Current Use by Public Records

    Heidi Lou Cosmetics Tattoo & Piercing Shop Johnson's Chiropractic Office Alternative Medicine Practice Asian massage Alternative Medicine Practice Kitsap Nails Nail Salon Massage Network Solutions High School

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bremerton
    County
    Kitsap
    State
    Washington
    Longitude
    -122.6645589
    Latitude
    47.5696737

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      WA, Bremerton - Warren Ave

      Workspaces, services and support to help you work better in John Hancock Center
      400 Warren Ave Ste 450, Bremerton, WA 98337
      View Details
    • $7,245 /Mo
      5,796 SF

      Retail Space on Kitsap Way

      Well-maintained retail space available in Bremerton, near Seattle ferry.
      5002 Kitsap Way, Bremerton, WA 98312
      View Details
    • $15 SF/Yr
      751 SF

      Bremerton Office Space For Rent

      Office space featuring restrooms, six offices, and open space.
      4040 Wheaton Way, Bremerton, WA 98310
      View Details
    • $12 SF/Yr
      3,017 SF

      Retail Space Near Quincy Square

      Retail space available near Bremerton Ferry Terminal and Navy Shipyard.
      412 Pacific Ave, Bremerton, WA 98337
      View Details
    • $25 SF/Yr
      4,304 SF

      Bremerton Retail/Office Space Available

      Retail/Office space for lease in West Bremerton submarket.
      5373 Auto Center Way, Bremerton, WA 98312
      View Details
    • $10 SF/Yr
      1,266 SF

      Bremerton Office Space For Rent

      Second floor office space available in Bremerton, Washington.
      275 5Th St, Bremerton, WA 98337
      View Details
    • $2,947 /Mo
      2,210 SF

      High-Traffic Retail Space Available

      Retail space with high visibility and parking in Bremerton.
      301 Callow Ave, Bremerton, WA 98312
      View Details
    • $473 /Mo
      405 SF

      Retail Space off Kitsap Way

      Retail space with ample parking and signage off Kitsap Way.
      3421 Kitsap Way, Bremerton, WA 98312
      View Details
    • $1,900 /Mo
      1,900 SF

      Callow Avenue Retail/Office Space

      Retail or office space available on busy Callow Avenue.
      625 Callow Ave, Bremerton, WA 98312
      View Details
    • $1,566 /Mo
      1,253 SF

      Retail Space off Kitsap Way

      Retail space with ample parking and signage near SR-3.
      3421 Kitsap Way, Bremerton, WA 98312
      View Details
    • $2,800 /Mo
      2,100 SF

      Retail Space with High Exposure

      Retail space for rent with high visibility and traffic.
      301 Callow Ave, Bremerton, WA 98312
      View Details
    • $5,386 /Mo
      11,752 SF

      Callow Avenue Warehouse/Showroom/Retail Space

      Warehouse, showroom, or retail space available on busy Callow Ave.
      645 Callow Ave, Bremerton, WA 98312
      View Details

    FAQs

    What type of property is this?
    Office units - Office space available January 2026 in thriving Bremerton area.
    Where is this office units located?
    The property is located at 3721 Kitsap Way Bremerton, WA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility corner unit on high-traffic Kitsap Way (40,000 cars daily).; - Abundant parking for customers and employees.; - Approximately 1,620 SF of office space suitable for professional services or retail.
    Request Owner's contact information
    3721 Kitsap Way Bremerton, WA 98312
    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.
    3721 Kitsap Way
    Bremerton, WA 98312
    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
    3721 Kitsap Way Bremerton, WA 98312
    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

    We can help!
    Listing Contact
    Diana Choi
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!