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

    1420 Bay St Port Orchard, WA 98366-5102

    • Medical offices
    • 2,106 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-3351651
    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

    • Chris Mueller, D.D.S. / Cosmetic Dentist / Dentist

    Property Details for 1420 Bay St

    Year built
    1956
    Lot size
    0.32 lot acres
    Property size
    2,106 SF
    Zone code
    CITY
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    252401-2-008-2006
    APU
    25240120082006

    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
    Port Orchard
    County
    Kitsap
    State
    Washington
    Longitude
    -122.626
    Latitude
    47.5423
    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
    $2,925
    $136,660
    $210,740
    $347,400
    -
    $136,660
    $210,740
    $347,400

    Comparable in this City

    • Value Estimation by Request
      1.89 Acres

      Port

      MEDICAL BUILDING • 1.89 Acres
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    • Value Estimation
      $3,305,000
      12,578 SF

      463 Tremont W St

      MEDICAL BUILDING • 12,578 SF
      463 Tremont W St, Port Orchard, WA 98366-3743
      View Details
    • Value Estimation
      $610,000
      3,956 SF

      1600 Woodridge SE Dr

      DENTAL BUILDING • 3,956 SF
      1600 Woodridge SE Dr, Port Orchard, WA 98366-3818
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    • Value Estimation by Request
      1,422 SF

      2256 Colchester E Dr

      MEDICAL BUILDING • 1,422 SF
      2256 Colchester E Dr, Port Orchard, WA 98366-8641
      View Details
    • Value Estimation
      $2,840,000
      6,392 SF

      1880 Pottery Ave

      MEDICAL BUILDING • 6,392 SF
      1880 Pottery Ave, Port Orchard, WA 98366-2518
      View Details
    • Value Estimation
      $985,000
      2,901 SF

      1890 Pottery Ave

      MEDICAL BUILDING • 2,901 SF
      1890 Pottery Ave, Port Orchard, WA 98366-2510
      View Details

    Similar Nearby for Sale

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      Well-Maintained Office Building with Garage

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      Kitsap County Investment Opportunity

      7.26-acre commercial land with income potential in Kitsap County.
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      Mixed-Use Development Opportunity

      Mixed-use zoned property in downtown Port Orchard.
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    • $970,000

      Two-Story Office Building For Sale

      Two-story office building near Highway 16 and Port Orchard Medical Center.
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    • $1,550,000

      Port Orchard Pristine Office Building

      High-quality, fully leased office building with significant upside potential.
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    • $1,300,000
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      Well-Maintained Office Building with Garage

      Two-story office building with flexible layout and detached garage.
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    Similar Nearby for Lease

    • Contact for pricing
      8,508 SF

      Class A Medical Office Space in Port Orchard

      Prime Port Orchard medical suites, 821-4,403 sq ft.
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    • $17 SF/Yr
      4,941 SF

      Port Orchard Office Space Available

      Centrally located office spaces with easy highway access and parking.
      1950 Pottery Ave, Port Orchard, WA 98366
      View Details
    • $0.75 SF/Yr
      3,132 SF

      Port Orchard Office Space Available

      Office space available for rent in Port Orchard, Washington.
      9654 SE Southworth Dr, Port Orchard, WA 98366
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    • $25 SF/Yr
      1,860 SF

      Updated Office Space For Lease

      Updated office space with private entrance and ensuite bathroom.
      1140 Bethel Ave, Port Orchard, WA 98366
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    • $400 /Mo
      660 SF

      Port Orchard Office Space Available

      Ground floor office suite in central Port Orchard location.
      2501-2507 SE Mile Hill Dr, Port Orchard, WA 98366
      View Details
    • $500 /Mo
      997 SF

      Executive Office Suites For Lease

      Executive office suites available for lease with utilities included.
      813 Division St, Port Orchard, WA 98366
      View Details
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    1420 Bay St
    Port Orchard, WA 98366-5102
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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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