Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    339 Callow Ave Bremerton, WA 98312-4010

    • Retail space
    • 2,700 SF
    • 0.07 lot acres
    OFF-MARKET
    Last Sale
    Dec 12, 2024
    $315,000
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    9.9%
    Retail space
    Location Intelligence
    Property ID
    US90-1538990
    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

    • Retail space

    Property Details for 339 Callow Ave

    Year built
    1947
    Lot size
    0.07 lot acres
    Property size
    2,700 SF
    Zone code
    CITY
    Property type
    Retail space
    APN
    3733-006-005-0000
    APU
    37330060050000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $315,000
      ML approach
      $315,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $520,000
      6.5%
      $480,000
      7%
      $445,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $286,000
      Market price range: $237k - $755k

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

    Location Insight

    • Map
    • Local Demand
    City
    Bremerton
    County
    Kitsap
    State
    Washington
    Longitude
    -122.654
    Latitude
    47.5669
    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
    $1,243
    $62,140
    $83,930
    $146,070
    -
    $62,140
    $83,930
    $146,070

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      4230 Belfair Vly Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      4230 Belfair Vly Rd, Bremerton, WA 98312
      View Details
    • Value Estimation
      $325,000
      1,748 SF

      2616 Burwell St

      RETAIL STORES (PERSONAL SERVICES) • 1,748 SF
      2616 Burwell St, Bremerton, WA 98312-4021
      View Details
    • Value Estimation
      $345,000
      1,534 SF

      329 Callow Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,534 SF
      329 Callow Ave, Bremerton, WA 98312-4010
      View Details
    • Value Estimation
      $95,000
      380 SF

      320 Callow Ave

      RETAIL STORES (PERSONAL SERVICES) • 380 SF
      320 Callow Ave, Bremerton, WA 98312-4011
      View Details
    • Value Estimation
      $895,000
      4,360 SF

      4201 State Hwy 3rd W

      RETAIL STORES (PERSONAL SERVICES) • 4,360 SF
      4201 State Hwy 3rd W, Bremerton, WA 98312-5013
      View Details
    • Value Estimation
      $410,000
      3,240 SF

      4710 Werner Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,240 SF
      4710 Werner Rd, Bremerton, WA 98312-0030
      View Details

    Similar Nearby for Sale

    • $299,000
      716 SF

      High-Visibility Commercial Space Available

      Commercial space with high visibility and neighborhood orientation.
      3523 Chico Way NW, Bremerton, WA 98312
      View Details
    • $3,323,000

      Multi-Tenant Retail Investment Opportunity

      Stabilized retail property with diverse tenants in Bremerton, Washington.
      1107-1107 N Callow Ave, Bremerton, WA 98312
      View Details
    • $1,590,000

      Bremerton Commercial Building on Kitsap

      Commercial building in Bremerton with ample parking and Kitsap Way frontage.
      3421 Kitsap Way, Bremerton, WA 98312
      View Details
    • $899,000

      Callow Avenue Commercial Building For Sale

      Commercial building on Callow Avenue with many potential uses.
      347 N Callow Ave, 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
    • $1,450,000

      Waterfront Commercial Property with Apartment

      High-visibility commercial property with restaurant and apartment, waterfront views.
      4908 Kitsap Way, Bremerton, WA 98312
      View Details

    Similar Nearby for Lease

    • $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
    • $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
    • $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
    • Contact for pricing
      17,272 SF

      Freestanding Retail Building on Kitsap

      Freestanding retail building with high visibility and traffic.
      4117 Kitsap Way, Bremerton, WA 98312
      View Details
    • $1,600 /Mo

      Versatile Commercial Parcel For Rent

      10,454 SF parcel zoned for auto, boat sales, fuel.
      4105 W F St, Bremerton, WA 98312
      View Details
    • $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
    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.
    339 Callow Ave
    Bremerton, WA 98312-4010
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.