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Property profile & analytics

1700 Mile Hill Dr Port Orchard, WA 98366

  • Community centers
  • 5.92 lot acres
Value Estimation
$10,310,000
Last Sale
Apr 30, 2021
$9,400,000
Location Intelligence
Property ID
US90-1384189
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

  • Sunflower Room Salon and Cosmic Ink / Nail Salon / Permanent Make-Up Clinic
  • Elisabeth J. Olander, LMP / Holistic Medicine Practitioner / Massage Therapist
  • Jason S. Newcombe, Washington State Attorneys, PLLC / Criminal Justice Attorney
  • Port Orchard Medical and Therapeutic Specialty Massage / Massage Therapist
  • Red Planet Massage Therapy / Massage Therapist

Property Details for 1700 Mile Hill Dr

Lot size
5.92 lot acres
Zone code
CITY
Property type
Community centers
APN
362401-2-092-2000
APU
36240120922000

Description

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.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $10,680,000
  • CAP approach

    CAP return
    Estimation
    6%
    $8,535,000
    6.5%
    $8,710,000
    7%
    $8,630,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $10,140,000
    Geo Method
    $8,395,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $8,505,000
    Retail
    $10,810,000
    Mixed-Use
    $9,435,000
    Hospitality
    $8,010,000
    Educational
    $10,285,000
    Residential Income
    $9,945,000
    Energy
    $8,905,000
    Income-Based Land
    $8,605,000
    Food Service
    $8,610,000

Location Insight

  • Map
  • Local Demand
City
Port Orchard
County
Kitsap
State
Washington
Longitude
-122.624
Latitude
47.5328
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
$6,804
$808,210
$0.00
$808,210
-
$808,210
$0.00
$808,210
More about this property
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