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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1121 Bay St Port Orchard, WA 98366-5211

    • Hotels
    • 14,096 SF
    • 1.40 lot acres
    OFF-MARKET
    Value Estimations
    $775,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2881461
    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

    • Comfort Inn On the Bay / Hotel
    • Psaunova Beach / Hiking Area
    • FedEx Drop Box / Mailing Service

    Property Details for 1121 Bay St

    Year built
    1995
    Lot size
    1.40 lot acres
    Property size
    14,096 SF
    Zone code
    CITY
    Property type
    Hotels
    Property subtype
    Motels
    APN
    4063-001-002-0101
    APU
    40630010020101

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $840,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $709,000
      Market price range: $343k - $709k

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $520,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Orchard
    County
    Kitsap
    State
    Washington
    Longitude
    -122.63
    Latitude
    47.5444
    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
    $37,672
    $509,240
    $3,965,446
    $4,474,686
    -
    $509,240
    $3,965,446
    $4,474,686

    Comparable in this City

    • Value Estimation
      $1,605,000
      4,928 SF

      1090 Bethel Ave

      HOTEL/MOTEL • 4,928 SF
      1090 Bethel Ave, Port Orchard, WA 98366-4208
      View Details
    • Value Estimation by Request
      0.55 Acres

      Port

      PARKING LOT • 0.55 Acres
      Port, Orchard, WA 98366
      View Details
    • Value Estimation by Request
      1.89 Acres

      Port

      MEDICAL BUILDING • 1.89 Acres
      Port, Orchard, WA 98366
      View Details
    • Value Estimation
      $10,115,000
      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
      $18,885,000
      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
      $520,000
      2,142 SF

      3100 Orlando St

      COMMERCIAL (GENERAL) • 2,142 SF
      3100 Orlando St, Port Orchard, WA 98366-4032
      View Details

    Similar Nearby for Sale

    • $1,600,000
      187,744 SF

      Prime Commercial Land Opportunity

      Premier real estate in thriving business corridor with high visibility.
      1110 Bethel Ave, Port Orchard, WA 98366
      View Details
    • $249,000

      Commercial Land in Growing District

      Corner lot in Port Orchard's growing commercial district.
      1612 SE Sylvis Ln, Port Orchard, WA 98366
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    • $1,100,000

      Development Opportunity in Prime Location

      1.92 acres in Port Orchard with income potential.
      2143-2153 Bethel Ave SE, Port Orchard, WA 98366
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    • $209,000

      Prime Land Parcel with Views

      9,583 SF vacant land parcel with commercial mixed-use zoning.
      130 Mitchell Ave, Port Orchard, WA 98366
      View Details
    • $5,600,000
      69,346 SF

      Bi-Mart Anchored Shopping Center

      Anchored shopping center in high-growth Seattle suburb.
      1353-1397 Olney Ave SE, Port Orchard, WA 98366
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    • $28,250,000

      Modern Apartments in Port Orchard

      Premier apartment community in a rapidly growing residential market.
      1645 SE Port Orchard Blvd, Port Orchard, WA 98366
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    Similar Nearby for Lease

    • $22 SF/Yr
      1,500 SF

      Retail Space in Port Orchard

      Retail space available at Tremont Place, Port Orchard.
      1382 SE Lund Ave, Port Orchard, WA 98366
      View Details
    • $30 SF/Yr

      Port Orchard Development Opportunity

      0.49 acre development pad in bustling retail district.
      1640 SE Mile Hill Dr, Port Orchard, WA 98366
      View Details
    • $22 SF/Yr
      2,890 SF

      Endcap Retail Space with Drive-Thru

      Endcap retail space with drive-thru, high traffic location.
      2995-3001 Mile Hill Dr, Port Orchard, WA 98366
      View Details
    • Contact for pricing
      16,553 SF

      Cleared Land Ready for Lease

      Cleared site available for ground lease or build to suit.
      6435 SE Mile Hill Dr, Port Orchard, WA 98366
      View Details
    • Contact for pricing
      1,216 SF

      Retail Space Near Fred Meyer

      Retail space available near SE Sedgwick Rd and Bethel Rd SE.
      1900 SE Sedgwick Rd, Port Orchard, WA 98366
      View Details
    • 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

    Property Visit Statistics

    • Visits by month
      5.0k
    • Visitors by month
      1.6k
    • Avg Time on site
      478 min
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    1121 Bay St
    Port Orchard, WA 98366-5211
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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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