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    104 Tremont St Port Orchard, WA 98366
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    Property profile & analytics

    104 Tremont St, Port Orchard, WA 98366

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    • Office buildings
    • 5,592 SF
    • 0.72 lot acres
    For Sale
    $970,000
    View Listing →
    Port Orchard Two-Story Office Building For Sale
    $970,000
    5,000 SF

    Port Orchard Two-Story Office Building

    Two-story office building near Highway 16 with updated leases.

    104 Tremont St, Port Orchard, WA 98366
    View Listing
    Property ID
    US90-3331351
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Karen Carr Lindner PHD / Physician / Medical Clinic
    • Farmers Insurance - Trina Knoche / Insurance Agency
    • Glisson & Morris / Law Firm
    • Law Office of Gregory J Wall, PLLC / Law Firm / Insurance Agency
    • Law offices of Stephen T. King, PS / Law Firm

    Property Details for 104 Tremont St

    Year built
    1991
    Lot size
    0.72 lot acres
    Zone code
    CITY
    Property type
    Office buildings
    APN
    352401-3-030-2004
    APU
    35240130302004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 9, 2007 — Westsounder Properties LLC Morgan,homer E & Gayle Quit Claim Deed · related —
    Oct 5, 2007 $1,025,000 Homer E Morgan Wad Ptshp Warranty Deed —
    Aug 16, 1999 $115,000 David F Hedger Brottem,melinda L Quit Claim Deed · related —
    Jul 31, 1991 $38,200 W A D Partnership Unknown Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,415,000
      6.5%
      $1,310,000
      7%
      $1,215,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $712,000
      Market price range: $320k - $1.13M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,390,000
      Current use
      RETAIL STORES
      $1,540,000
      Change: +11% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $1,425,000
      Change: +2% Conversion: Difficult
      MEDICAL BUILDING
      $1,360,000
      Change: -2% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,145,000
      Change: -18% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Port Orchard
    County
    Kitsap
    State
    Washington
    Longitude
    -122.647
    Latitude
    47.5249
    CBSA code
    14740
    CBSA name
    BREMERTON-SILVERDALE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $7,520
    $216,000
    $677,210
    $893,210
    -
    $216,000
    $677,210
    $893,210

    Comparable in this City

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      $14,360,000
      77,946 SF

      619 Division St

      OFFICE BUILDING
      619 Division St, Port Orchard, WA 98366-4614
      View Details
    • Value Estimation
      $535,000
      2,976 SF

      1590 Bay St

      OFFICE BUILDING
      1590 Bay St, Port Orchard, WA 98366-5104
      View Details
    • Value Estimation
      $1,985,000
      8,658 SF

      2465 Bethel SE Rd

      OFFICE BUILDING
      2465 Bethel SE Rd, Port Orchard, WA 98366-2407
      View Details
    • Value Estimation by Request
      1,728 SF

      1977 Bethel SE Rd

      OFFICE BUILDING
      1977 Bethel SE Rd, Port Orchard, WA 98366-3108
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    • Value Estimation by Request
      1,402 SF

      1578 Marlin SE Dr

      OFFICE BUILDING
      1578 Marlin SE Dr, Port Orchard, WA 98366-3975
      View Details
    • Value Estimation
      $615,000
      3,440 SF

      3780 Mile Hl Dr

      OFFICE BUILDING
      3780 Mile Hl Dr, Port Orchard, WA 98366-2714
      View Details

    Similar Nearby for Sale

    • $2,300,000
      10,171 SF

      South Kitsap Professional Office Building

      Professional office building in South Kitsap's medical corridor.
      1922 Pottery Ave, Port Orchard, WA 98366
      View Details
    • Contact for pricing

      Port Orchard Two-Story Office Building

      Two-story office building near Highway 16 with updated leases.
      104 Tremont St, Port Orchard, WA 98366
      View Details
    • Contact for pricing

      South Kitsap Medical/Professional Office Building

      Office building in South Kitsap's medical corridor, ideal for owner-user.
      1922 Pottery Ave, Port Orchard, WA 98366
      View Details
    • $999,999
      3,840 SF

      Well-Maintained Office Building with Garage

      Two-story office building with flexible layout and detached garage/shop.
      1550 Woodridge Dr SE, Port Orchard, WA 98366
      View Details
    • Contact for pricing

      Port Orchard Development Opportunity

      Two-parcel property with income potential and stormwater retention vault.
      2153 Bethel Ave, Port Orchard, WA 98366
      View Details
    • $1,300,000
      3,840 SF

      Well-Maintained Office Building with Garage

      Two-story office building with flexible layout and detached garage.
      1550 Woodridge Dr SE, Port Orchard, WA 98366
      View Details

    Similar Nearby for Lease

    • $57,972
      31,336 SF

      Port Orchard Office Building For Lease

      31,336 SF office building in Port Orchard available for lease.
      1435 Olney Ave SE, Port Orchard, WA 98366
      View Details
    • $4,350 /Mo
      3,480 SF

      Flexible Commercial Building with Parking

      3,480 SF commercial building suitable for various business uses.
      4560 Mile Hill Dr, Port Orchard, WA 98366
      View Details
    • $3,875 /Mo
      1,860 SF

      Updated Office Space For Lease

      Updated office space with private entrance and independent HVAC.
      1140 Bethel Ave, Port Orchard, WA 98366
      View Details
    • Contact for pricing
      1,280 SF

      Waterfront Retail with Upstairs Offices

      Retail space with upstairs offices available for lease.
      1343 SW Bay St, Port Orchard, WA 98366
      View Details
    • $206,267
      1,007 SF

      Corner Office Suite For Rent

      Professional office space with natural light and convenient location.
      2501 Mile Hill Dr, Port Orchard, WA 98366
      View Details
    • $400 /Mo
      190 SF

      Office Suite in Port Orchard

      Office suite with natural light available for rent.
      2501 Mile Hill Dr, 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.

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