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    Property profile & analytics

    3121 Chico NW Way Bremerton, WA 98312-1351

    • Office buildings
    • 3,149 SF
    • 0.68 lot acres
    OFF-MARKET
    Value Estimation
    $340,000
    Location Intelligence
    Property ID
    US90-1127417
    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

    • Robison Mechanical Inc / Mechanical Contractor
    • Chico Salmon Viewing Park / Park
    • Elizabeth Rose Esthetics / Eyelash Salon
    • Kitsap Plumbers Group / Plumber
    • The Chico Collective / Coworking Space

    Property Details for 3121 Chico NW Way

    Year built
    1955
    Lot size
    0.68 lot acres
    Property size
    3,149 SF
    Zone code
    RCO
    Property type
    Office buildings
    APN
    082401-2-013-2000
    APU
    8240120132000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $340,000

    • CAP approach

      CAP return
      Estimation
      6%
      $375,000
      6.5%
      $330,000
      7%
      $365,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $365,000
      Geo Method
      $320,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $340,000
      Retail
      $335,000
      Mixed-Use
      $295,000
      Hospitality
      $330,000
      Educational
      $290,000
      Residential Income
      $365,000
      Energy
      $400,000
      Income-Based Land
      $290,000
      Food Service
      $300,000

    Location Insight

    • Map
    • Local Demand
    City
    Bremerton
    County
    Kitsap
    State
    Washington
    Longitude
    -122.71
    Latitude
    47.592
    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
    $5,544
    $162,680
    $457,550
    $620,230
    -
    $162,680
    $457,550
    $620,230

    Comparable in this City

    • Value Estimation by Request
      4,222 SF

      1701 Price NW Rd

      OFFICE BUILDING • 4,222 SF
      1701 Price NW Rd, Bremerton, WA 98312-7000
      View Details
    • Value Estimation by Request
      13,635 SF

      4810 Auto Ctr Way

      OFFICE BUILDING • 13,635 SF
      4810 Auto Ctr Way, Bremerton, WA 98312-4309
      View Details
    • Value Estimation by Request
      11,592 SF

      5002 Kitsap Way

      OFFICE BUILDING • 11,592 SF
      5002 Kitsap Way, Bremerton, WA 98312-2359
      View Details
    • Value Estimation
      $655,000
      3,714 SF

      3256 Chico NW Way

      OFFICE BUILDING • 3,714 SF
      3256 Chico NW Way, Bremerton, WA 98312-1322
      View Details
    • Value Estimation
      $415,000
      5,568 SF

      3330 Kitsap Way

      OFFICE BUILDING • 5,568 SF
      3330 Kitsap Way, Bremerton, WA 98312-2662
      View Details
    • Value Estimation
      $435,000
      2,160 SF

      4622 Merideth St

      OFFICE BUILDING • 2,160 SF
      4622 Merideth St, Bremerton, WA 98312-1202
      View Details

    Similar Nearby for Sale

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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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    Similar Nearby for Lease

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      Industrial/flex space with office, warehouse, and secure yard in Bremerton.
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      Recently renovated office space with a large parking lot.
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    • $25 SF/Yr
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      Bremerton Retail/Office Space Available

      Retail/Office space for lease in West Bremerton submarket.
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    • $0.75 SF/Yr
      5,337 SF

      Warehouse Space Near Auto Center

      Warehouse space with office, bathroom, and dock access.
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      View Details
    • $5,000 /Mo
      5,610 SF

      Prime Bremerton Retail/Restaurant Opportunity

      High-visibility retail or restaurant space near Naval Base Kitsap-Bremerton.
      405 Naval Ave, Bremerton, WA 98312
      View Details
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    3121 Chico NW Way
    Bremerton, WA 98312-1351
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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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