Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2222 Bucklin Hl Rd Silverdale, WA 98383-8371
    Back to Search
    Property profile & analytics

    2222 Bucklin Hl Rd, Silverdale, WA 98383-8371

    View on Map
    • Retail space
    • 56,026 SF
    • 5.43 lot acres
    Off-Market
    Last Sale Mar 31, 2023
    $10,000,000
    Property ID
    US90-1076608
    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
    $10,940,000
    Show details
    Cap Rate Potential
    5%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Sky Zone Trampoline Park / Arcade & Gaming Center / Family Recreation Center
    • Joshua A. Matthews, PharmD / Pharmacy
    • Miracle-Ear Hearing Aid Center / Hearing Aid Repair Service / Hearing Aid Store
    • Papa Murphy's | Take 'N' Bake Pizza / Restaurant
    • Tractor Supply Co. / Pet Store & Service

    Property Details for 2222 Bucklin Hl Rd

    Year built
    1999
    Lot size
    5.43 lot acres
    Zone code
    RC
    Property type
    Retail space
    APN
    162501-4-110-2007
    APU
    16250141102007

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 5, 2023 — M3j Investment LLC — Deed · related $4M · Verity Cu
    Mar 31, 2023 $17,004,770 M 3j Investment LLC Alamo Kitsap LLC Warranty Deed —
    Oct 17, 2018 — Alamo Kitsap LLC — Grant Deed · related $5.3M · Ready Cap Structured Fin
    Mar 16, 2015 $9,229,396 Spirit Spe Hg 2015-1 LLC Abs Wa-o LLC Grant Deed —
    Jun 27, 2014 — Abs Wa-o LLC — Loan Modification · related $1,050M · Bank Of America
    Apr 8, 2013 — Abs Wa-o LLC New Albertsons INC Warranty Deed · related —
    Dec 4, 2012 — New Albertsons INC — Deed Of Trust · related $1,650M · Wells Fargo Bank
    Jul 19, 2006 — New Albertsons INC Albertsons LLC Quit Claim Deed · related —
    — — Abs Wa-o LLC — Deed Of Trust · related $1,150M · Citibank NA
    — — Abs Wa-o LLC — Deed Of Trust · related $850M · Bank Of America

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $13,000,000
      ML approach
      $11,720,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,825,000
      6.5%
      $9,990,000
      7%
      $9,280,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,961,000
      Market price range: $6.73M - $23.2M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $15,425,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $14,295,000
      Change: -7% Conversion: Moderate
      MEDICAL BUILDING
      $13,605,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Silverdale
    County
    Kitsap
    State
    Washington
    Longitude
    -122.68
    Latitude
    47.6514
    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
    $87,589
    $2,427,500
    $7,431,280
    $9,858,780
    -
    $2,427,500
    $7,431,280
    $9,858,780

    Comparable in this City

    • Value Estimation by Request
      375 SF

      3481 Byron St

      RETAIL STORES (PERSONAL SERVICES)
      3481 Byron St, Silverdale, WA 98383-9127
      View Details
    • Value Estimation
      $2,725,000
      15,096 SF

      9621 Mickelberry NW Rd

      RETAIL STORES (PERSONAL SERVICES)
      9621 Mickelberry NW Rd, Silverdale, WA 98383-8301
      View Details
    • Value Estimation
      $4,960,000
      40,185 SF

      3102 Randall Way

      RETAIL STORES (PERSONAL SERVICES)
      3102 Randall Way, Silverdale, WA 98383-7676
      View Details
    • Value Estimation
      $11,790,000
      66,605 SF

      9551 Ridgetop NW Blvd

      RETAIL STORES (PERSONAL SERVICES)
      9551 Ridgetop NW Blvd, Silverdale, WA 98383-8500
      View Details
    • Value Estimation
      $3,085,000
      14,719 SF

      9853 Silverdale NW Way

      RETAIL STORES (PERSONAL SERVICES)
      9853 Silverdale NW Way, Silverdale, WA 98383-9403
      View Details
    • Value Estimation
      $1,195,000
      6,656 SF

      3150 Bucklin Hl Rd

      RETAIL STORES (PERSONAL SERVICES)
      3150 Bucklin Hl Rd, Silverdale, WA 98383-9024
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Silverdale Commercial Building with Tenants

      Multi-tenant commercial building in Silverdale with established businesses.
      10705 Silverdale Way NW, Silverdale, WA 98383
      View Details
    • Contact for pricing
      120,088 SF

      Kitsap Peninsula Shopping Center Space

      Premier shopping center with anchor, restaurant, and pad opportunities.
      10315 Silverdale Way NW, Silverdale, WA 98383
      View Details
    • Contact for pricing
      1,000 SF

      Silverdale Commercial Building For Sale

      Versatile commercial building in high-traffic Silverdale location with mixed-use potential.
      9050 Silverdale Way NW, Silverdale, WA 98383
      View Details
    • $2,250,000

      Silverdale Office with Inlet Views

      Office building with lease income and owner-occupancy potential.
      9619 Levin Rd Northwest, Silverdale, WA 98383
      View Details
    • $1,100,000

      Silverdale Land with Water Views

      Two parcels at a busy intersection with redevelopment potential.
      1998 Northwest Bucklin Hill Rd, Silverdale, WA 98383
      View Details
    • $185,000
      1.60 Acres

      Private Wooded Acreage Near Sequim

      Private 1.6 acre wooded lot near town amenities.
      S 3Rd Ave, Sequim, WA 98383
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,862 SF

      Retail Space Next to Costco

      Retail space available near Costco, Best Buy, and Trader Joes.
      9990 Mickelberry Rd, Silverdale, WA 98383
      View Details
    • Contact for pricing
      28,900 SF

      Former Retail Space Available

      Retail space in busy corridor, monument signage, street visibility.
      9991 Mickelberry Rd NW, Silverdale, WA 98383
      View Details
    • Contact for pricing
      3,342 SF

      Retail Space Near Kitsap Mall

      Retail suites available near Target and Kitsap Mall entrance.
      3276 Plaza Rd NW, Silverdale, WA 98383
      View Details
    • Contact for pricing
      4,200 SF

      Retail Space Near Kitsap Mall

      Highly visible retail space with ample parking near national retailers.
      3299 NW Randall Way, Silverdale, WA 98383
      View Details
    • Contact for pricing
      16,520 SF

      Silverdale Retail Space Available

      Retail space available for lease in Silverdale, Washington.
      9551 Ridgetop Blvd NW, Silverdale, WA 98383
      View Details

    Property Visit Statistics

    • Visits by month
      2.3k
    • Visitors by month
      1.7k
    • Avg Time on site
      59 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2222 Bucklin Hl Rd
    Silverdale, WA 98383-8371
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2222 Bucklin Hl Rd, Silverdale, WA, 98383
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!