Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2720 Clare Ave Bremerton, WA 98310-3374
    Back to Search
    Property profile & analytics

    2720 Clare Ave, Bremerton, WA 98310-3374

    View on Map
    • Medical Office Space
    • 10,636 SF
    • 0.88 lot acres
    Off-Market
    Last Sale Jul 1, 2021
    $925,000
    Property ID
    US90-1321898
    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
    $1,015,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Peninsula Community Health Services - Wheaton Way Medical Clinic / Medical Clinic
    • Eunice Beachy, ARNP / Registered General Nurse
    • Nancy Lorber / Physician
    • Jain Sirisha M MD / Physician

    Property Details for 2720 Clare Ave

    Year built
    1992
    Lot size
    0.88 lot acres
    Zone code
    CITY
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    3966-003-001-1304
    APU
    39660030011304

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 29, 2025 — Peninsula Community Health Services — Deed · related $449k · Washington State Department Of Commerce
    Jul 1, 2021 $925,000 Peninsula Community Health Services Bay Vu Investments LLC Warranty Deed —
    Feb 28, 2019 — Bay-vu Investments LLC — Deed · related $490k · Us Bk Tr
    Dec 12, 2018 $890,000 Bay-vu Investments LLC Peninsula Medical Bldg Assocs Warranty Deed $490k · Peninsula Medical Bldg Assocs
    Nov 26, 2013 — Peninsula Medical Building Ass Peninsula Medical Building Ass Quit Claim Deed · related —
    Nov 19, 1990 $88,000 Peninsula Med Bldg Assoc Unknown Trustees Deed —
    Nov 19, 1990 $235,000 Peninsula Med Bldg Assoc Unknown Trustees Deed —
    — — Bay-vu Investments LLC — Deed Of Trust · related $490k · Us Bk Tr
    — — Peninsula Community FCU — Deed Of Trust · related $500k · Kitsap Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,050,000
      ML approach
      $1,080,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,106,000
      Market price range: $661k - $1.89M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bremerton
    County
    Kitsap
    State
    Washington
    Longitude
    -122.628
    Latitude
    47.5841
    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
    $11,247
    $324,060
    $1,028,640
    $1,352,700
    -
    $324,060
    $1,028,640
    $1,352,700

    Comparable in this City

    • Value Estimation
      $895,000
      5,590 SF

      2550 Perry Ave

      MEDICAL BUILDING
      2550 Perry Ave, Bremerton, WA 98310-5219
      View Details
    • Value Estimation
      $530,000
      2,943 SF

      Bremerton, WA 98310

      MEDICAL BUILDING
      Bremerton, WA 98310
      View Details
    • Value Estimation by Request
      2,040 SF

      Bremerton, WA 98310

      MEDICAL BUILDING
      Bremerton, WA 98310
      View Details
    • Value Estimation
      $4,160,000
      19,792 SF

      2512 Wheaton Way

      MEDICAL BUILDING
      2512 Wheaton Way, Bremerton, WA 98310-3303
      View Details
    • Value Estimation by Request
      1,686 SF

      2635 Wheaton Way

      MEDICAL BUILDING
      2635 Wheaton Way, Bremerton, WA 98310-3318
      View Details
    • Value Estimation by Request
      4,608 SF

      812 Cherry Ct

      MEDICAL BUILDING
      812 Cherry Ct, Bremerton, WA 98310-3312
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,081 SF

      Prime Retail Building in Manette

      7,902 SF building in prime retail area of Manette.
      1007 Scott Ave, Bremerton, WA 98310
      View Details
    • Contact for pricing

      Bremerton Waterfront Office Building

      Office building in Manette neighborhood with waterfront views.
      2025 Wheaton Way, Bremerton, WA 98310
      View Details
    • Contact for pricing

      Corner Car Dealership Redevelopment Opportunity

      83,000 SF car dealership property for redevelopment.
      3890 Wheaton Way, Bremerton, WA 98310
      View Details
    • Contact for pricing
      5,460 SF

      High-Traffic Retail Opportunity in Bremerton

      5,460 SF vacant building with high visibility and traffic.
      3558 Wheaton Way, Bremerton, WA 98310
      View Details
    • Contact for pricing
      Pending

      Prime Development Site in Bremerton

      5.08-acre site zoned for multifamily, commercial, retail, or light industrial.
      1231 Sheridan Rd, Bremerton, WA 98310
      View Details
    • Contact for pricing

      Mixed-Use Property with Development Potential

      Versatile property zoned for commercial and residential use.
      3237 Perry Ave NE, Bremerton, WA 98310
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,558 SF

      Bremerton Medical Office Space Available

      Professional building in East Bremerton with Puget Sound views.
      2500 Cherry Pl, Bremerton, WA 98310
      View Details
    • Contact for pricing
      3,367 SF

      Remodeled Office Suite for Lease

      Remodeled office suite suitable for medical or telehealth use.
      2771 Hemlock St, Bremerton, WA 98310
      View Details
    • Contact for pricing
      2,904 SF

      Medical Office Space Available

      Medical office space with multiple exam rooms and storage.
      3036 Perry Ave, Bremerton, WA 98310
      View Details
    • Contact for pricing
      605 SF

      Bremerton Office Space For Rent

      Office space featuring restrooms, six offices, and open space.
      4040 Wheaton Way, Bremerton, WA 98310
      View Details
    • Contact for pricing
      1,983 SF

      Bremerton Office Space for Lease

      East Bremerton office space available for lease with mountain views.
      1300 NE Sylvan Way, Bremerton, WA 98310
      View Details
    • Contact for pricing
      1,020 SF

      Bremerton Office Suite For Rent

      Main level office suite suitable for professional services.
      2601 Cherry Ave, Bremerton, WA 98310
      View Details
    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.
    2720 Clare Ave
    Bremerton, WA 98310-3374
    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
    2720 Clare Ave, Bremerton, WA, 98310
    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!