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    Property profile & analytics

    10516 Silverdale Way Silverdale, WA 98383

    • Strip malls
    • 35,287 SF
    • 4.68 lot acres
    For Lease
    View listing
    $19 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1125651
    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.

    Current Use by 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

    Property Details for 10516 Silverdale Way

    Year built
    1989
    Lot size
    4.68 lot acres
    Property size
    35,287 SF
    Zone code
    RC
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    162501-2-071-2008
    APU
    16250120712008

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $9,000,000
      Current use
      OFFICE BUILDING
      $12,715,000
      Change: +41% Conversion: Moderate
      RETAIL STORES
      $9,715,000
      Change: +8% Conversion: Easy
      MEDICAL BUILDING
      $8,570,000
      Change: -5% Conversion: Difficult
      WAREHOUSE, STORAGE
      $7,215,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Silverdale
    County
    Kitsap
    State
    Washington
    Longitude
    -122.684
    Latitude
    47.659
    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
    $110,863
    $2,299,400
    $10,179,010
    $12,478,410
    -
    $2,299,400
    $10,179,010
    $12,478,410

    Comparable in this City

    • Value Estimation
      $1,500,000
      6,818 SF

      3036 Bucklin Hl Rd

      SHOPPING CENTER, STRIP CENTER • 6,818 SF
      3036 Bucklin Hl Rd, Silverdale, WA 98383-9107
      View Details
    • Value Estimation
      $545,000
      3,754 SF

      9242 Silverdale NW Way

      SHOPPING CENTER, STRIP CENTER • 3,754 SF
      9242 Silverdale NW Way, Silverdale, WA 98383-9197
      View Details
    • Value Estimation
      $5,810,000
      28,516 SF

      10852 Myhre Pl

      SHOPPING CENTER, STRIP CENTER • 28,516 SF
      10852 Myhre Pl, Silverdale, WA 98383
      View Details
    • Value Estimation by Request
      2,800 SF

      9464 Silverdale NW Way

      SHOPPING CENTER, STRIP CENTER • 2,800 SF
      9464 Silverdale NW Way, Silverdale, WA 98383
      View Details
    • Value Estimation by Request
      4,200 SF

      9470 Silverdale NW Way

      SHOPPING CENTER, STRIP CENTER • 4,200 SF
      9470 Silverdale NW Way, Silverdale, WA 98383
      View Details
    • Value Estimation
      $630,000
      8,760 SF

      3594 Byron St

      SHOPPING CENTER, STRIP CENTER • 8,760 SF
      3594 Byron St, Silverdale, WA 98383-9160
      View Details

    Similar Nearby for Sale

    • $4,350,000

      Silverdale Commercial Building with Tenants

      Multi-tenant commercial building in Silverdale with established businesses.
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      View Details
    • $549,000
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      Silverdale Commercial Building For Sale

      Versatile commercial building in high-traffic Silverdale location with mixed-use potential.
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    • $1,500,000

      Silverdale Land Development Opportunity

      Land development opportunity in a rapidly growing Silverdale neighborhood.
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    • $7,000,000

      Land For Sale Silverdale, WA

      Land available for sale in Silverdale, Washington.
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    • $185,000
      1.60 Acres

      Private Wooded Acreage Near Sequim

      Private 1.6 acre wooded lot near town amenities.
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    • $2,250,000
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    Similar Nearby for Lease

    • Contact for pricing
      3,342 SF

      Retail Space Near Kitsap Mall

      Retail suites available near Target and Kitsap Mall entrance.
      3276 Plaza Rd NW, Silverdale, WA 98383
      View Details
    • Contact for pricing
      67,287 SF

      Silverdale Retail Center Opportunity

      Prime Silverdale retail space available.
      10400-10406 Silverdale Way, Silverdale, WA 98383
      View Details
    • $12 SF/Yr
      28,516 SF

      Silverdale Retail Opportunity Near Mall

      Prime retail space in Silverdale near Kitsap Mall.
      10876 Myhre Pl NW, Silverdale, WA 98383
      View Details
    • Contact for pricing
      121,000 SF

      Kitsap Peninsula Shopping Center Space

      Premier shopping center with anchor, restaurant, and pad opportunities.
      10315 Silverdale Way NW, Silverdale, WA 98383
      View Details
    • Contact for pricing
      3,908 SF

      Former Restaurant or Retail Site

      Freestanding building in Silverdale with ample parking and excellent access.
      3070 NW Bucklin Hill Rd, Silverdale, WA 98383
      View Details
    • $19 SF/Yr
      67,525 SF

      Clear Creek Center: Silverdale Office Space

      Silverdale Office Suites, High Visibility
      10516 Silverdale Way, Silverdale, WA 98383
      View Details
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    Silverdale, WA 98383
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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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