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    405 National Ave Bremerton, WA 98312

    Sponsored
    For Sale
    $850,000

    11,222 SF Flex Warehouse, Value-Add

    Property size:
    11,222 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a vacant, 11,222-square-foot industrial property situated on a 0.51-acre lot in Bremerton, Washington. The property, located at 405 S National Ave, features two single-story buildings, offering versatile space ideal for distribution, flex, or warehouse uses. Built in 1946, the Class C property boasts one loading dock and one dock-high door, enhancing operational efficiency. Its strategic location near Puget Sound Naval Shipyard (PSNS) and the Naval Base Kitsap offers significant advantages, providing proximity to a skilled workforce and major transportation routes. The property is zoned INDUSTRIAL, allowing for a wide range of industrial applications. Priced at $850,000 ($75.74 per square foot), this value-add opportunity is perfect for investors seeking a strong return in a thriving market. The property's convenient access to key transportation and logistical hubs further enhances its appeal. The Kitsap County location (APN: 4502-011-020-0008) and its proximity to PSNS & IMF make this a compelling investment prospect. This is a rare chance to acquire a well-positioned industrial property in a high-demand area.

    Property Features for 405 National Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    11,222 SF
    Class
    C
    Lot Size
    22,216 SF

    Building Details

    Year Built
    1946
    Buildings
    2
    Stories
    1

    HighLights

    • 11,222 SF industrial/flex building.
    • Excellent location near Puget Sound Naval Shipyard (PSNS), Ingalls Shipbuilding (IMF), and Naval Base Kitsap.
    • Industrially zoned for flexible use.
    • Highly desirable Bremerton, WA location.
    • Suitable for a variety of industrial and flex tenants.
    • Convenient access to major transportation and logistics networks.
    Property Profile Location Intelligence

    Current Use by Public Records

    Allbest Appliance Recycling Recycling Center

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bremerton
    County
    Kitsap
    State
    Washington
    Longitude
    -122.6681763
    Latitude
    47.558932

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    FAQs

    What type of property is this?
    Distribution property - 11,222 SF Flex Warehouse, Value-Add
    Where is this distribution property located?
    The property is located at 405 National Ave Bremerton, WA.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 11,222 SF industrial/flex building.; Excellent location near Puget Sound Naval Shipyard (PSNS), Ingalls Shipbuilding (IMF), and Naval Base Kitsap.; Industrially zoned for flexible use.
    Request Owner's contact information
    405 National Ave Bremerton, WA 98312
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    Bremerton, WA 98312
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    Realmo Value Estimation

    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.

    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.

    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
    405 National Ave Bremerton, WA 98312
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