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    Property profile & analytics

    1900 Sedgwick Rd Port Orchard, WA 98366

    • Neighborhood centers
    • 159,859 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Redbox / Movie Rental Kiosk / Movie Rental
    • Starbucks / Cafe / Coffee Store
    • Fred Meyer Garden Center / Garden Center
    • Fred Meyer Pharmacy / Pharmacy
    • MoneyGram / Money Transfer Service

    Property Details for 1900 Sedgwick Rd

    Year built
    1999
    Property size
    159,859 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    This Class A, 159,859 square foot retail strip center, built in 1999, is strategically located in Port Orchard, Washington, at 1900 SE Sedgwick Rd, 98366. The property boasts a prominent position off SE Sedgwick Rd and Bethel Rd SE, benefiting from high daily traffic counts exceeding 20,005 vehicles on SE Sedgwick Rd alone. The center features a total of three suites, with one currently available, measuring 1,216 square feet. This presents a unique opportunity for businesses seeking exposure in a thriving retail environment anchored by a major grocery store. The property's prime location and high visibility make it an ideal investment for businesses seeking to establish or expand their presence in the Port Orchard market. The single-building complex offers excellent accessibility and ample parking for customers and employees. This is a rare opportunity to acquire space in a well-established, high-performing retail center in a desirable location. The available suite provides a versatile space suitable for a variety of retail uses. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Port Orchard
    County
    Kitsap
    State
    Washington
    Longitude
    -122.629
    Latitude
    47.5032

    Comparable in this City

    • Value Estimation
      $1,265,000
      65,956 SF

      1023 Bethel Ave

      SHOPPING CENTER, STRIP CENTER • 65,956 SF
      1023 Bethel Ave, Port Orchard, WA 98366-4207
      View Details
    • Value Estimation
      $1,165,000
      89,503 SF

      3311 Bethel SE Rd

      SHOPPING CENTER, STRIP CENTER • 89,503 SF
      3311 Bethel SE Rd, Port Orchard, WA 98366-5600
      View Details
    • Value Estimation
      $1,025,000
      10,900 SF

      3280 Lund Ave

      SHOPPING CENTER, STRIP CENTER • 10,900 SF
      3280 Lund Ave, Port Orchard, WA 98366-2869
      View Details
    • Value Estimation
      $325,000
      1,008 SF

      1212 Bay St

      SHOPPING CENTER, STRIP CENTER • 1,008 SF
      1212 Bay St, Port Orchard, WA 98366-5214
      View Details
    • Value Estimation
      $1,005,000
      31,150 SF

      1942 Lund Ave

      SHOPPING CENTER, STRIP CENTER • 31,150 SF
      1942 Lund Ave, Port Orchard, WA 98366
      View Details
    • Value Estimation
      $730,000
      12,022 SF

      1800 Mile Hl Dr

      SHOPPING CENTER, STRIP CENTER • 12,022 SF
      1800 Mile Hl Dr, Port Orchard, WA 98366-3511
      View Details

    Similar Nearby for Sale

    • $1,400,000

      Retail Property For Sale

      Retail property available for purchase in Port Orchard, Washington.
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    • $1,600,000
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      Port Orchard Restaurant - $1.6M

      Prime Restaurant Space, Drive-Thru, High Traffic.
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    • $700,000

      Mixed-Use Property in Port Orchard

      Income-generating mixed-use property with commercial and residential tenants in Port Orchard.
      821 Bay St, Port Orchard, WA 98366
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    • $5,600,000
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      Bi-Mart Anchored Shopping Center

      Anchored shopping center in high-growth Seattle suburb.
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    • $1,650,000
      4,618 SF

      Distinctive Commercial Landmark in Port Orchard

      Landmark building suitable for medical, retail, or educational purposes.
      1130 Bethel Ave, Port Orchard, WA 98366
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    • $497,777

      Profitable Car Wash Business Opportunity

      Well-located car wash with self-service and automatic bays.
      2263 SE Port Orchard Blvd, Port Orchard, WA 98366
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    Similar Nearby for Lease

    • Contact for pricing
      159,859 SF

      Port Orchard Retail Center Investment

      Fred Meyer-anchored, high-traffic retail space.
      1900 Sedgwick Rd, Port Orchard, WA 98366
      View Details
    • $23 SF/Yr
      154,604 SF

      Town Square Retail Center Opportunity

      Port Orchard retail & office space available
      1700 Mile Hill Dr, Port Orchard, WA 98366
      View Details
    • $22 SF/Yr
      4,290 SF

      Port Orchard Retail Space For Lease

      Prime Retail, Multiple Units Available
      3001 Mile Hill Dr, Port Orchard, WA 98366
      View Details
    • Contact for pricing
      30,000 SF

      Retail Space in Port Orchard

      Retail property with 30000 square feet available for rent.
      1727-1762 Village Ln SE, Port Orchard, WA 98366
      View Details
    • Contact for pricing
      31,472 SF

      Port Orchard Retail Space Available

      Retail property available for lease in Port Orchard, Washington.
      3311-3377 Bethel Rd SE, Port Orchard, WA 98366
      View Details
    • $13 SF/Yr
      22,648 SF

      Port Orchard Retail Space Available

      Retail property available for lease in Port Orchard, Washington.
      1025-1039 Bethel Ave, Port Orchard, WA 98366
      View Details
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    Port Orchard, WA 98366
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    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
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