Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11812 Clear Creek Rd NW Silverdale, WA 98383

    • Flex space
    • 38,000 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2714202
    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

    • Flex space

    Property Details for 11812 Clear Creek Rd NW

    Year built
    1924
    Property size
    38,000 SF
    Property type
    Flex space

    Description

    This exceptional commercial property, located at 11812 Clear Creek Rd NW in Silverdale, WA 98383, presents a rare opportunity. The property encompasses a substantial 3.6-acre lot and features four buildings totaling 38,000 square feet of flexible space, currently entirely vacant and ready for immediate occupancy. The buildings boast a total of two stories, offering ample room for various commercial uses. Constructed in 1924, the property is classified as Class C and is zoned C (Commercial), providing flexibility for a wide range of businesses. The property's size and zoning make it ideal for a variety of industrial, manufacturing, or warehouse operations, as well as other commercial ventures. The single-tenant occupancy allows for complete control and customization of the space. The property's location in Kitsap County, Washington, offers convenient access to major transportation routes and a thriving local economy. The APN is 09250130422001. This is a prime opportunity to acquire a significant industrial property in a desirable location. The entire 38,000 square feet is available for lease. Don't miss this chance to secure this versatile and spacious commercial property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Silverdale
    County
    Kitsap
    State
    Washington
    Longitude
    -122.6908333
    Latitude
    47.6715061

    Comparable in this City

    • Contact for pricing
      38,000 SF

      Silverdale Flex Building Opportunity

      Planned 38,000 SF flex building in Silverdale, Washington.
      11812 Clear Creek Rd NW, Silverdale, WA 98383
      View Details
    • $1.30 SF/Yr
      13,600 SF

      Flex Space in Business Park

      Flex space available with new construction planned for completion Q4 2025.
      11806 Clear Creek Rd 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
    • 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
    • $28 SF/Yr
      1,883 SF

      Silverdale Office Space For Rent

      Office space with kitchen access available for rent.
      9657 Levin Rd NW, Silverdale, WA 98383
      View Details
    • $25 SF/Yr
      6,140 SF

      Spacious Office Space Available

      Large office space with 21 offices, available 10/01/25.
      9564 Silverdale Way, Silverdale, WA 98383
      View Details

    Similar Nearby for Sale

    • $1,500,000

      Silverdale Land Development Opportunity

      Land development opportunity in a rapidly growing Silverdale neighborhood.
      NW Dream Ct, Silverdale, WA 98383
      View Details
    • $7,000,000

      Land For Sale Silverdale, WA

      Land available for sale in Silverdale, Washington.
      9506 Mickelberry Rd NW, Silverdale, WA 98383
      View Details
    • $185,000
      1.60 Acres

      Private Wooded Acreage Near Sequim

      Private 1.6 acre wooded lot near town amenities.
      S 3Rd Ave, Sequim, WA 98383
      View Details
    • $150,000

      Industrial Land Parcel For Sale

      Corner lot industrial land with easy highway access.
      Dickey Rd, Silverdale, WA 98383
      View Details
    • $549,000
      1,000 SF

      Silverdale Commercial Building For Sale

      Versatile commercial building in high-traffic Silverdale location with mixed-use potential.
      9050 Silverdale Way NW, Silverdale, WA 98383
      View Details
    • $4,350,000

      Silverdale Commercial Building with Tenants

      Multi-tenant commercial building in Silverdale with established businesses.
      10705 Silverdale Way NW, Silverdale, WA 98383
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      38,000 SF

      Silverdale Flex Building Opportunity

      Planned 38,000 SF flex building in Silverdale, Washington.
      11812 Clear Creek Rd NW, Silverdale, WA 98383
      View Details
    • $1.30 SF/Yr
      13,600 SF

      Flex Space in Business Park

      Flex space available with new construction planned for completion Q4 2025.
      11806 Clear Creek Rd 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
    • 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
    • $28 SF/Yr
      1,883 SF

      Silverdale Office Space For Rent

      Office space with kitchen access available for rent.
      9657 Levin Rd NW, Silverdale, WA 98383
      View Details
    • $25 SF/Yr
      6,140 SF

      Spacious Office Space Available

      Large office space with 21 offices, available 10/01/25.
      9564 Silverdale Way, Silverdale, WA 98383
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11812 Clear Creek Rd NW
    Silverdale, WA 98383
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.