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Property profile & analytics
FOR LEASE
Community centers

1700 Mile Hill Dr Port Orchard, WA 98366

5.92 ac lot
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US90-1384189
No photos on file
For Lease
$4,866/Mo 2,716 SF available
1700 Mile Hill Dr, Port Orchard, WA 98366
View Listing →
Property summary
AI-generated overview

This exceptional Port Orchard, WA investment opportunity presents a thriving retail and office center, Town Square, boasting 154,604 square feet across two, two-story buildings on a 12.75-acre lot. The property, built in 1981 and recently upgraded with over $3 million in improvements, offers multiple tenancy options with a minimum divisible space of 323 square feet and a maximum contiguous space of 13,764 square feet. Currently, 14,087 square feet is vacant, presenting significant leasing potential. The property features ample parking with 700 spaces and is conveniently located at 1700 SE Mile Hill Dr, Port Orchard, WA 98366, near Mile Hill Drive, within the CBA Port Orchard submarket and zoned CMU. The center benefits from strong anchor tenants including Northman's Sporting Goods, Grocery Outlet, and Ace Hardware, alongside a growing roster of restaurants and entertainment venues such as Peninsula Axe and Brews, a new pizza restaurant, a gourmet hot dog restaurant, and a soon-to-open Dimension XR reality room. This prime location in a rapidly developing area of Kitsap County offers a unique chance to capitalize on the increasing demand for retail and office space. A stand-alone building with 1934 square feet is also available, featuring 38 parking stalls with access to the mall's parking lot, a drive-through, and covered outdoor seating options. This property is ideal for a variety of businesses seeking a vibrant and established location.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Lot 5.92 ac (257,875 SF)
Zoning code CITY
APN 362401-2-092-2000
UPID US90-1384189
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sunflower Room Salon and Cosmic Ink Hair Salon Nail Salon
  • Elisabeth J. Olander, LMP Physician Alternative Medicine Practice
  • Jason S. Newcombe, Washington State Attorneys, PLLC Law Firm
  • Port Orchard Medical and Therapeutic Specialty Massage Alternative Medicine Practice Spa & Massage Center
  • Red Planet Massage Therapy Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$10.95M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$10.11M
Owner & transaction history
Vikingz LLC · 5 yrs held
Vikingz LLC
since 2021
Last sale
$9.4M
3 recorded transactions
2021
$9.4M
2013
$100,000
2013
Price N/A
Zoning & alternative use
CITY · Port Orchard, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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