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1467 Olney Ave SE Port Orchard, WA 98366

Drive through restaurants Google Maps
2,420 SF 0.65 ac lot Built 1989
Entity Owned 6-yr Hold Free & Clear
Estimated value (blended)
$440k
Range $396k – $484k (±10%)
Property ID US90-0765102

Property summary

AI-generated overview

This exceptional investment opportunity presents a 2,420-square-foot free-standing restaurant building situated on a sizable 28,314-square-foot lot in Port Orchard, Washington. Built in 1989, the property boasts a convenient drive-thru lane, ample parking, and excellent visibility at a high-traffic intersection with over 35,000 vehicles passing daily. The property is zoned CC and features a desirable location with strong demographics. The building's former use as a Jack in the Box restaurant provides a solid foundation for a variety of food service concepts. Its strategic placement offers significant advantages, benefiting from co-tenancy with established businesses such as Starbucks, McDonald's, Tractor Supply Co., and Albertsons, ensuring high foot traffic and brand recognition. The property's APN is 302402-3-046-200, and the address is 1467 Olney Ave SE, Port Orchard, WA 98366. This turnkey property is priced at $1,600,000 and presents a compelling opportunity for investors seeking a high-return, established location in a thriving community. The property's size and location make it ideal for a variety of restaurant concepts, offering significant potential for growth and profitability.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1989
Total area 2,420 SF
Lot 0.65 ac (28,314 SF)
Zoning code CITY
APN 302402-3-046-2000
UPID US90-0765102

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$440k
CAP Approach CAP
by Request
Comparable Approach Comparable
$639k
Blend (final) Blend
$440k

Owner & transaction history

since 2019
2 recorded transactions
2019
Price N/A
1993
$820,000

Zoning & alternative use

CITY · Port Orchard, WA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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