Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Development Land Title is generated by Realmo AI

    8261 State Highway 303, Bremerton, WA 98311

    View on Map
    Claim this Listing
    For Sale
    $1,500,000

    For sale commercial development land with zoning allowing 19–60 DU/ac and wetland-delineated usable acreage.

    Type:Land
    Added:
    Nov 18, 2025
    Days on Market:
    200
    Last Refresh:
    Jun 5 at 2:43 am

    Property Features for 8261 State Highway 303

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Marcus Hoffman

    Listing office John L. Scott,Inc.

    Listing date Nov 18, 2025

    Source Century21northhomes

    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 John L. Scott,Inc.

    HighLights

    • Commercial development land with zoning allowing 19–60 DU/ac
    • 9.58‑acre property, with approximately 6 acres identified as usable per a wetland delineation study
    • Wetland delineation study is available for review

    Overview

    This offering is commercial development land presented for a larger project. The site totals approximately 9.58 acres, with approximately 6 acres identified as usable according to a wetland delineation study. That study is available for review, providing a basis for understanding the wetland constraints affecting the buildable portion of the property.

    The property is zoned commercial (19–60 DU/ac). The stated density range can be a key input for planners and designers working on multi-unit or density-based development scenarios. Prospective buyers are encouraged to evaluate how the usable acreage aligns with their development program in light of the wetland delineation findings.

    For developers and land-use professionals, this parcel may fit projects that require commercial zoning capacity while acknowledging wetland limitations early in the planning process. Because approximately 6 acres are reported as usable, it is a practical site for teams who want delineation information on hand and want to refine layouts, yield assumptions, and feasibility based on the study results.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bremerton
    County
    Kitsap
    State
    Washington
    Longitude
    -122.6292135
    Latitude
    47.6382367

    Nearby Similar for Sale

    • $5,950,000
      11,380 SF

      Downtown Bremerton Customizable Basement Space

      11,380 SF basement space in downtown Bremerton available for lease.
      400 Warren Ave, Bremerton, WA
      View Details
    • $1,190,000
      5,460 SF

      High-Traffic Retail Opportunity in Bremerton

      5,460 SF vacant building with high visibility and traffic.
      3558 Wheaton Way, Bremerton, WA
      View Details
    • $1,280,000
      6,224 SF

      Restaurant Building on Highway 303

      Stand-alone restaurant building with high visibility and development potential.
      5769 Hwy 303, Bremerton, WA
      View Details
    • $649,000

      High-Visibility Commercial Land Opportunity

      One acre commercial land near Safeway in West Bremerton.
      901 North Callow Avenue, Bremerton, WA 98312
      View Details
    • $1,228,200
      9,188 SF

      Restaurant Building on Kitsap Way

      Near move-in-ready restaurant building with high visibility.
      4180 Kitsap Way, Bremerton, WA
      View Details
    • $1,000,000
      9,000 SF

      Versatile Warehouse Space Available

      9,000 sq ft warehouse with cooler space and loading dock.
      335 N Wycoff Ave, Bremerton, WA
      View Details
    • $1,500,000
      11,340 SF

      Bremerton Industrial/Warehouse Opportunity

      Versatile 11,340 SF building ideal for commercial and industrial use.
      111 Bruenn Ave, Bremerton, WA 98312
      View Details
    • $285,000

      Port Orchard Vacant Land

      5+ acre vacant lot with utilities in Port Orchard.
      8985 Southwest Lake Flora Road, 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
    • $1,325,000
      6,000 SF

      Spacious Bremerton Apartments with Parking

      Well-maintained Bremerton apartments with value-add potential and covered parking.
      2001 11th St, Bremerton, WA 98337
      View Details
    • $95,000

      Level Lot in Bremerton

      Level lot with utilities, zoned for various commercial uses.
      110 Oyster Bay Avenue, Bremerton, WA 98312
      View Details
    • $1,850,000
      6,496 SF

      Bremerton Multifamily Investment Opportunity

      Multifamily property in Bremerton, WA, with 6496 square feet.
      324 S Lafayette Ave, Bremerton, WA 98312
      View Details

    FAQs

    What type of property is this?
    Commercial land - For sale commercial development land with zoning allowing 19–60 DU/ac and wetland-delineated usable acreage.
    Where is this commercial land located?
    The property is located at 8261 State Highway 303 Bremerton, WA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Commercial development land with zoning allowing 19–60 DU/ac; 9.58‑acre property, with approximately 6 acres identified as usable per a wetland delineation study; Wetland delineation study is available for review
    We can help!
    Listing Contact
    Marcus Hoffman
    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
    8261 State Highway 303, Bremerton, WA 98311
    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!