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

    4117 Kitsap Way Bremerton, WA 98312

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Freestanding retail building with high visibility and traffic.

    Property size:
    17,272 SF
    Lot size:
    2.61 Acres

    Property Features for 4117 Kitsap Way

    General Information

    Size
    17,272 SF
    Lot size
    2.61 Acres

    We can help!

    Listing Contact
    Ryan Jones
    Source: Moodyscre

    Listing Agency: Kidder Mathews Listing Agent: Ryan Jones

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

    Learn more

    Property Insight Report

    Overview

    Freestanding Retail Building on Kitsap

    This freestanding building, formerly a Rite Aid, is available for sale, lease, or ground lease. The property is situated along Kitsap Way, a major thoroughfare experiencing traffic of over 31,000 vehicles per day. The property offers excellent visibility, access, and signage opportunities. The building has a size of 17272 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rite Aid Pharmacy Adam J. Strong, ... Pharmacy higi Physician Rite Aid Pharmacy Pharmacy Western Union Bank

    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.

    Similar Places Nearby

    Walgreens Pharmacy, Rite Aid Pharmacy, Nadine Kadi, RPh, Nancy Pendergraft, Mark Alfonso

    Location Insight

    • Map
    • Local Demand
    City
    Bremerton
    County
    Kitsap
    State
    Washington
    Longitude
    -122.6684734
    Latitude
    47.5678284

    Nearby Similar for Sale

    • $3,323,000

      Multi-Tenant Retail Investment Opportunity

      Stabilized retail property with diverse tenants in Bremerton, Washington.
      1107-1107 N Callow Ave, Bremerton, WA 98312
      View Details
    • Contact for pricing

      Industrial/Flex/Retail Space Available

      5,592 SF industrial/flex/retail space with fenced yard.
      4001 State Highway 3 West, Bremerton, WA 98312
      View Details
    • $1,500,000

      Bremerton Industrial/Warehouse Opportunity

      Versatile 11,340 SF building ideal for commercial and industrial use.
      111 Bruenn Ave, Bremerton, WA 98312
      View Details
    • $5,950,000
      57,786 SF

      Downtown Bremerton Customizable Basement Space

      11,380 SF basement space in downtown Bremerton available for lease.
      400 Warren Ave, Bremerton, WA 98337
      View Details
    • Contact for pricing

      Mixed-Use Building with Garage Parking

      Mixed-use building with warehouse, office, and garage space for sale.
      4231 Olympic Ave W, Bremerton, WA 98312
      View Details
    • Contact for pricing

      Industrial/Flex/Retail Space Available

      5,592 SF industrial/flex/retail space with secured yard.
      4001 State Highway 3 West, Bremerton, WA 98312
      View Details
    • Contact for pricing
      3,000 SF

      Bremerton Restaurant with Drive-Thru

      Restaurant with drive-thru, new roof and HVAC system.
      621 Warren Ave, Bremerton, WA 98337
      View Details
    • $1,500,000

      Versatile Bremerton Industrial/Warehouse Opportunity

      11,340 SF property ideal for industrial, warehouse, distribution.
      111 Bruenn Ave, Bremerton, WA 98312
      View Details
    • Contact for pricing
      716 SF

      High-Visibility Commercial Space Available

      Commercial space with high visibility and neighborhood orientation.
      3523 Chico Way NW, Bremerton, WA 98312
      View Details
    • Contact for pricing
      Pending

      Retail or Office Space Available

      Well-maintained building suitable for retail or office use.
      726 S National Ave, Bremerton, WA 98312
      View Details
    • $3,500,000

      Multifamily Development Site in Bremerton

      280-unit multifamily development site near Bremerton Ferry Terminal.
      601 Highland Ave, Bremerton, WA 98337
      View Details
    • $550,000

      Established Car Wash with National Tenant

      Well-maintained car wash with long-term tenant, excellent location.
      2315 6Th St, Bremerton, WA 98312
      View Details

    FAQs

    What type of property is this?
    Drug store - Freestanding retail building with high visibility and traffic.
    Where is this drug store located?
    The property is located at 4117 Kitsap Way Bremerton, WA.
    What are key features of this property?
    This property features: - Highly visible freestanding building on Kitsap Way.; - High traffic location: Over 31,000 vehicles per day.; - Excellent visibility.
    (425) 450-1117 Call to check price and availability
    Request Owner's contact information
    4117 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.
    4117 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
    4117 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ryan Jones
    (425) 450-1117 (425) 454-7040
    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!