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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2315 6Th St Bremerton, WA 98312

    • Office buildings
    • 1,328 SF
    • 0.23 lot acres
    For Sale
    View listing
    $550,000
    Value Estimations
    Cap Rate Potential
    5.9%
    Office buildings
    Location Intelligence
    Property ID
    US90-1008902
    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

    • Dollar Car Rental - Bremerton Hle Dollar DLE / Car Rental Agency
    • Thrifty Car Rental - Bremerton Hle Thrifty TLE / Car Rental Agency
    • Hertz Car Rental - Bremerton - 6th Street HLE / Car Rental Agency

    Property Details for 2315 6Th St

    Year built
    1981
    Lot size
    0.23 lot acres
    Property size
    1,328 SF
    Zone code
    CITY
    Property type
    Office buildings
    APN
    3723-000-010-0008
    APU
    37230000100008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $335,000
      6.5%
      $310,000
      7%
      $290,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $335,000
      Market price range: $110k - $395k
      AI Estimate
      $208,000
      Market price range: $65.6k - $238k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $250,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $340,000
      Change: +35% Conversion: Difficult
      MEDICAL BUILDING
      $320,000
      Change: +29% Conversion: Easy
      RETAIL STORES
      $250,000
      Change: +1% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $240,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bremerton
    County
    Kitsap
    State
    Washington
    Longitude
    -122.65
    Latitude
    47.5672
    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
    $2,426
    $130,500
    $154,700
    $285,200
    -
    $130,500
    $154,700
    $285,200

    Comparable in this City

    • Value Estimation
      $750,000
      30,160 SF

      4710 Auto Ctr Blvd

      OFFICE BUILDING • 30,160 SF
      4710 Auto Ctr Blvd, Bremerton, WA 98312-3300
      View Details
    • Value Estimation
      $325,000
      1,090 SF

      4904 Kitsap Way

      OFFICE BUILDING • 1,090 SF
      4904 Kitsap Way, Bremerton, WA 98312-2351
      View Details
    • Value Estimation
      $390,000
      7,288 SF

      5112 Taylor Rd

      OFFICE BUILDING • 7,288 SF
      5112 Taylor Rd, Bremerton, WA 98312-8837
      View Details
    • Value Estimation
      $435,000
      1,998 SF

      7500 Werner Rd

      OFFICE BUILDING • 1,998 SF
      7500 Werner Rd, Bremerton, WA 98312-3201
      View Details
    • Value Estimation
      $395,000
      3,460 SF

      2165 Erlands Pt NW Rd

      OFFICE BUILDING • 3,460 SF
      2165 Erlands Pt NW Rd, Bremerton, WA 98312-1317
      View Details
    • Value Estimation
      $300,000
      860 SF

      601 Naval Ave

      OFFICE BUILDING • 860 SF
      601 Naval Ave, Bremerton, WA 98312-3919
      View Details

    Similar Nearby for Sale

    • $1,590,000

      Bremerton Commercial Building on Kitsap

      Commercial building in Bremerton with prime frontage and ample parking.
      3421 Kitsap Way, Bremerton, WA 98312
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    • $1,590,000

      Bremerton Commercial Building on Kitsap

      Commercial building in Bremerton with ample parking and Kitsap Way frontage.
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    • $899,000

      Callow Avenue Commercial Building For Sale

      Commercial building on Callow Avenue with many potential uses.
      347 N Callow Ave, Bremerton, WA 98312
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    • $299,000
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      High-Visibility Commercial Space Available

      Commercial space with high visibility and neighborhood orientation.
      3523 Chico Way NW, Bremerton, WA 98312
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    • $650,000
      15,682 SF

      Redevelopment Opportunity in West Bremerton

      Highly visible corner lot with redevelopment potential and existing rental income.
      4321 C St, Bremerton, WA 98312
      View Details
    • $1,450,000
      10,800 SF

      Prime Bremerton Land for Development

      1.38-acre lot near Puget Sound Naval Shipyard and ferry.
      937 Callow Ave, Bremerton, WA 98312
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      1,488 SF

      Bremerton Office Suite for Lease

      Lower level office suite with wooded view available for lease.
      4110 Kitsap Way, Bremerton, WA 98312
      View Details
    • $6,250 /Mo
      3,000 SF

      Versatile Industrial/Flex Space Available

      Industrial/flex space with office, warehouse, and secure yard in Bremerton.
      128-130 Oyster Bay Ave S, Bremerton, WA 98312
      View Details
    • $1.50 SF/Yr
      10,830 SF

      Renovated Office with Expansive Parking

      Recently renovated office space with a large parking lot.
      410 Ida St W, Bremerton, WA 98312
      View Details
    • $25 SF/Yr
      4,304 SF

      Bremerton Retail/Office Space Available

      Retail/Office space for lease in West Bremerton submarket.
      5373 Auto Center Way, Bremerton, WA 98312
      View Details
    • $16 SF/Yr
      2,100 SF

      Retail Space in Bremerton

      Retail space available for rent in Bremerton, Washington.
      301 N Callow Ave, Bremerton, WA 98312
      View Details
    • $0.75 SF/Yr
      5,337 SF

      Warehouse Space Near Auto Center

      Warehouse space with office, bathroom, and dock access.
      237-245 Bruenn Ave, Bremerton, WA 98312
      View Details
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    2315 6Th St
    Bremerton, WA 98312
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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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