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Property profile & analytics
FOR LEASE
Strip malls

10516 Silverdale Way NW Silverdale, WA 98383

35,287 SF 4.68 ac lot Built 1989
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US90-1125651
Property summary
AI-generated overview

Clear Creek Center, located at 10516 Silverdale Way NW in Silverdale, WA 98383, offers exceptional office space in a highly desirable location. This single-story building boasts a total of 67,525 square feet and currently has one available retail space of 6,592 square feet. The property is categorized as Retail, Restaurant, and Office, with specific subtypes including Medical Office, Executive Office, and Traditional Office, making it suitable for a variety of businesses. The building features a multi-tenant occupancy, ensuring a vibrant and collaborative environment. Clear Creek Center benefits from ample parking, providing convenient access for employees and clients. The property also enjoys high visibility and prominent monument signage, enhancing its marketing potential and attracting significant foot traffic. The complex has undergone recent updates, and is home to well-established tenants, indicating a stable and successful business community. This prime Silverdale location offers a unique opportunity for businesses seeking a modern, well-maintained, and highly visible office space. The available space is ready for immediate occupancy.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1989
Total area 35,287 SF
Lot 4.68 ac (203,861 SF)
Zoning code RC
APN 162501-2-071-2008
UPID US90-1125651
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Kimberly A Madsen MD | Kaiser Permanente Ophthalmologist
  • Kaiser Permanente Eye Care - Silverdale Eye Care Center
  • Tiffany Hseih Ophthalmologist
  • PRO SPORT Alternative Medicine Practice
  • Sherveen Salek Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.84M
Owner & transaction history
Markham Washington Invs LLC · 21 yrs held
Markham Washington Invs LLC
since 2004
5 recorded transactions
2004
Price N/A
1993
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
RC · Silverdale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $12.7M +41.3%
Retail stores $9.7M +7.9%
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