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    2130 6th St Bremerton, WA 98312-3902

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    2130 6th St Bremerton, WA 98312-3902

    View on Map
    • Auto shops
    • 3,997 SF
    • 0.34 lot acres
    Off-Market
    Last Sale Mar 2, 2022
    $500,000
    Property ID
    US90-0166221
    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.
    Value Estimations
    $575,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mai Salon / Nail Salon
    • Kamalkutz@The Vibe Barbershop / Barber Shop
    • The Vibe Barber Beauty Shop / Barber Shop

    Property Details for 2130 6th St

    Year built
    1956
    Lot size
    0.34 lot acres
    Property size
    3,997 SF
    Zone code
    CITY
    Property type
    Auto shops
    APN
    3752-003-031-0001
    APU
    37520030310001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $635,000
      ML approach
      $645,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $729,000
      Market price range: $325k - $917k
      AI Estimate
      $454,000
      Market price range: $162k - $662k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $715,000
      Current use
      RETAIL STORES
      $760,000
      Change: +6% Conversion: Difficult
      OFFICE BUILDING
      $755,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bremerton
    County
    Kitsap
    State
    Washington
    Longitude
    -122.648
    Latitude
    47.5676
    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
    $4,469
    $162,260
    $363,050
    $525,310
    -
    $162,260
    $363,050
    $525,310

    Comparable in this City

    • Value Estimation by Request
      7,500 SF

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      AUTO REPAIR, GARAGE • 7,500 SF
      911 Un Ave, Bremerton, WA 98312-4380
      View Details
    • Value Estimation
      $680,000
      9,024 SF

      Bremerton, WA 98312

      AUTO REPAIR, GARAGE • 9,024 SF
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      View Details
    • Value Estimation
      $670,000
      6,743 SF

      Bremerton, WA 98312

      AUTO REPAIR, GARAGE • 6,743 SF
      Bremerton, WA 98312
      View Details
    • Value Estimation by Request
      4,125 SF

      6714 Kitsap Way

      AUTO REPAIR, GARAGE • 4,125 SF
      6714 Kitsap Way, Bremerton, WA 98312-1740
      View Details
    • Value Estimation
      $580,000
      3,620 SF

      3711 Kitsap Way

      AUTO REPAIR, GARAGE • 3,620 SF
      3711 Kitsap Way, Bremerton, WA 98312-2455
      View Details
    • Value Estimation
      $840,000
      2,098 SF

      315 Montgomery Ave

      AUTO REPAIR, GARAGE • 2,098 SF
      315 Montgomery Ave, Bremerton, WA 98312
      View Details

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    • Contact for pricing
      18,250 SF

      Bremerton Auto Row Opportunity

      Former auto body shop on 2.57 acres in Bremerton.
      5150 Auto Center Blvd, Bremerton, WA 98312
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      Established Car Wash with National Tenant

      Well-maintained car wash with long-term tenant, excellent location.
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      Multi-Tenant Retail Investment Opportunity

      Stabilized, multi-tenant NNN investment property in Bremerton, Washington.
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    • $1,450,000
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      Prime Bremerton Land for Development

      1.38-acre lot near Puget Sound Naval Shipyard and ferry.
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      2,100 SF

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      Retail space available for rent in Bremerton, Washington.
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    Similar Nearby for Lease

    • $1,600 /Mo

      Versatile Commercial Parcel For Rent

      10,454 SF parcel zoned for auto, boat sales, fuel.
      4105 W F St, Bremerton, WA 98312
      View Details
    • Contact for pricing
      5,610 SF

      Prime Bremerton Retail/Restaurant Opportunity

      High-visibility retail or restaurant space near Naval Base Kitsap-Bremerton.
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      View Details
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      High-Visibility Commercial Space Available

      Commercial space with high visibility and neighborhood orientation.
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      View Details
    • $2,947 /Mo
      2,210 SF

      High-Traffic Retail Space Available

      Retail space with high visibility and parking in Bremerton.
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      View Details
    • $7,245 /Mo
      5,796 SF

      Retail Space on Kitsap Way

      Well-maintained retail space available in Bremerton, near Seattle ferry.
      5002 Kitsap Way, Bremerton, WA 98312
      View Details
    • $2,025 /Mo
      1,620 SF

      Office Space on Kitsap Way

      Office space available January 2026 in thriving Bremerton area.
      3721 Kitsap Way, Bremerton, WA 98312
      View Details
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    2130 6th St
    Bremerton, WA 98312-3902
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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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    2130 6th St, Bremerton, WA, 98312

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