Flex Building with Warehouse and
4231 Olympic Dr W Bremerton, WA 98312
For Sale
$449,000
Flex building with warehouse, office, and garage space plus parking for multiple vehicles.
Property Size3,400 SF
Lot Size0.16 Acres
Price / SF$132.06
Days on Market14
Property Features for 4231 Olympic Dr W
General Information
Standard status
Active
Size
3,400 SF
Lot size
0.16 Acres
Listing Agency:
Ison Realty
(360) 373-0317
Listed By:
Shane Ison
(360) 373-0317
Source:
Exprealty
Added: Jul 17
Changed: Jul 28
Last Checked: Jul 29 at 2:20PM
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 Ison Realty
Investment Insights
Based on property information with market context.
This flex building includes warehouse, office, and garage space, set on a 6,970 SF lot. The property is described as zoned for high intensity commercial or mixed use, supporting flexible occupancy and development planning. Parking includes outside off-street spaces for 4–6 cars and garage parking for 8–10 cars.
The building is centrally located in Gorst with easy freeway access to surrounding areas.
At 3,400 SF, the configuration offers a combined work/office footprint with both exterior parking and enclosed garage parking.
The building is centrally located in Gorst with easy freeway access to surrounding areas.
At 3,400 SF, the configuration offers a combined work/office footprint with both exterior parking and enclosed garage parking.
Key Highlights
- 3400 SF flex building with warehouse, office, and garage space
- Zoned high intensity commercial/mixed use
- 6970 SF lot with outside off‑street parking for 4–6 cars
Financial Insights For Flex RnD
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 | $61.2k | $18.00 |
| − Vacancy | −$1.1k | −$0.32 |
| EGI | $60.1k | $17.68 |
| − OpEx | −$21.0k | −$6.19 |
| NOI | $39.1k | $11.49 |
3,400 SF · lease $18.00/SF/yr · vacancy 1.80% · expense 35.00%
Alternative Uses
Best Use
Office B
$692.4K
$605.9K – $807.8K
NOI $48,470 @ 7.0% cap · market cap 10.80%
Second Best
Flex RnD
$558.1K
$488.3K – $651.1K
NOI $39,064 @ 7.0% cap · market cap 8.70%
Theoretical Best
Specialty Retail
$1.13M
$992.0K – $1.32M
NOI $79,361 @ 7.0% cap · market cap 17.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Flex building with warehouse, office, and garage space plus parking for multiple vehicles.
Where is this flex space located?
The property is located at 4231 Olympic Dr W Bremerton, WA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 3400 SF flex building with warehouse, office, and garage space; Zoned high intensity commercial/mixed use; 6970 SF lot with outside off‑street parking for 4–6 cars
