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    Property profile & analytics

    278 Winslow Way Bainbridge Island, WA 98110

    • Strip malls
    • 12,021 SF
    • 0.53 lot acres
    For Lease
    View listing
    $30 SF/Yr
    Value Estimation
    $7,920,000
    Last Sale
    Nov 30, 2021
    $7,175,191
    Location Intelligence
    Property ID
    US90-2188917
    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

    • Strip malls

    Property Details for 278 Winslow Way

    Year built
    1951
    Lot size
    0.53 lot acres
    Property size
    12,021 SF
    Zone code
    CITY
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    262502-3-174-2009
    APU
    26250231742009

    Description

    The Cove, located at 278 Winslow Way E, Bainbridge Island, WA 98110, presents a remarkable opportunity for retail or restaurant businesses. This two-story building, completely renovated in 2024, offers single-tenant spaces ranging from 400 to 2,500 square feet. Its prime location in the heart of Bainbridge Island ensures high visibility and foot traffic, benefiting from a steady stream of both local residents and tourists. The building features convenient elevator access. Ideal for a variety of retail concepts, from boutiques and specialty shops to trendy cafes, The Cove provides an exceptional setting to establish or expand a business within a thriving community. This is a high-traffic location offering premium retail spaces for lease, making it an unparalleled opportunity to capitalize on the vibrant atmosphere of Bainbridge Island. The property's central location guarantees maximum exposure and provides an ideal environment for businesses to flourish. Don't miss this chance to secure your space in this newly renovated, highly desirable location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $8,150,000

    • CAP approach

      CAP return
      Estimation
      6%
      $7,000,000
      6.5%
      $7,705,000
      7%
      $7,525,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $8,185,000
      Geo Method
      $6,985,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,805,000
      Retail
      $7,820,000
      Mixed-Use
      $7,975,000
      Hospitality
      $6,525,000
      Educational
      $7,765,000
      Residential Income
      $6,155,000
      Energy
      $7,880,000
      Income-Based Land
      $6,635,000
      Food Service
      $6,900,000

    Location Insight

    • Map
    • Local Demand
    City
    Bainbridge Island
    County
    Kitsap
    State
    Washington
    Longitude
    -122.519
    Latitude
    47.6252
    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
    $26,500
    $960,930
    $2,560,760
    $3,521,690
    -
    $960,930
    $2,560,760
    $3,521,690

    Comparable in this City

    • Value Estimation by Request
      12,020 SF

      275 High School NE Rd

      SHOPPING CENTER, STRIP CENTER • 12,020 SF
      275 High School NE Rd, Bainbridge Island, WA 98110-3665
      View Details
    • Value Estimation
      $7,845,000
      3,367 SF

      256 Winslow E Way

      SHOPPING CENTER, STRIP CENTER • 3,367 SF
      256 Winslow E Way, Bainbridge Island, WA 98110-2430
      View Details
    • Value Estimation
      $485,000
      6,000 SF

      10320 Vly Rd

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      10320 Vly Rd, Bainbridge Island, WA 98110-4312
      View Details
    • Value Estimation
      $315,000
      4,800 SF

      8001 Day W Rd

      SHOPPING CENTER, STRIP CENTER • 4,800 SF
      8001 Day W Rd, Bainbridge Island, WA 98110-4208
      View Details
    • Value Estimation by Request
      28,680 SF

      4569 Lynwood Ctr NE Rd

      SHOPPING CENTER, STRIP CENTER • 28,680 SF
      4569 Lynwood Ctr NE Rd, Bainbridge Island, WA 98110-2238
      View Details
    • Value Estimation by Request
      5,426 SF

      187 Ericksen NE Ave

      SHOPPING CENTER, STRIP CENTER • 5,426 SF
      187 Ericksen NE Ave, Bainbridge Island, WA 98110-2140
      View Details

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    Similar Nearby for Lease

    • $30 SF/Yr
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      The Cove: Bainbridge Island Retail

      Prime Retail Space, Winslow Way E
      278 Winslow Way, Bainbridge Island, WA 98110
      View Details
    • $40 SF/Yr
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      Bainbridge Island Retail Opportunity

      Prime retail/wine tasting room space on Bainbridge Island.
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      View Details
    • $32 SF/Yr
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      Retail Space Available Immediately

      Retail space available immediately, approximately 2,500 square feet.
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      View Details
    • $20 SF/Yr
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      Bainbridge Island Retail Center

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      View Details
    • $19 SF/Yr
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      Bainbridge Island Industrial Space

      5,800 SF Manufacturing/Distribution
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      View Details
    • $16 SF/Yr
      4,761 SF

      Coppertop Park Flex Space

      Versatile 4,761 SF space in a convenient Bainbridge Island location.
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      View Details
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    278 Winslow Way
    Bainbridge Island, WA 98110
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    Realmo Value Estimation

    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.

    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.

    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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