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Property profile & analytics
FOR SALE
Strip malls

3421 Kitsap Way Bremerton, WA 98312

5,614 SF 0.42 ac lot Built 1959
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US90-1315099
No photos on file
For Sale
$1,590,000 5,614 SF
3421 Kitsap Way, Bremerton, WA 98312
View Listing →
Property summary
AI-generated overview

This exceptional 1,452 square foot creative office space is ideally located at 3421 Kitsap Way in Bremerton, Washington, within Kitsap County (zip code 98312). The single-tenant property offers a versatile layout perfect for a variety of businesses, including small businesses, consultants, or startups. The space includes a bathroom, two separate office areas, and a warehouse component, providing ample room for diverse operational needs. Conveniently situated with easy access from Kitsap Way, the property boasts ample parking for tenants and clients, ensuring a smooth and efficient workflow. Its strategic location offers easy commuting to downtown Bremerton and surrounding areas via major highways. The building is clean and well-maintained, providing a professional and inviting atmosphere. All utilities are included in the monthly rent of $1,550, making budgeting simple and predictable. This property represents a fantastic opportunity for a business seeking a functional and conveniently located workspace in a thriving community. The property is classified as Retail, Office, and Industrial, and is specifically subtyped as Creative Office.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1959
Total area 5,614 SF
Lot 0.42 ac (18,295 SF)
Zoning code CITY
APN 3787-000-016-0401
UPID US90-1315099
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Weiss Patricia J DDS Dental Office
  • Community Financial Services Social Service Agency Charitable Organization
  • Imperial tattoo Tattoo & Piercing Shop
  • Goodman Chiropractic Alternative Medicine Practice
  • Let's Work Together, LLC. Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.63M
CAP Approach CAP
$2.02M
Comparable Approach Comparable
$1.83M
Blend (final) Blend
$1.59M
Owner & transaction history
Wendy Jo Corporation · 1 yrs held
Wendy Jo Corporation
since 2025
Last sale
$1.6M
5 recorded transactions
2025
$1.6M
2022
$1.2M
2021
Price N/A
2021
Price N/A
2019
$375,000
Zoning & alternative use
CITY · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $2.5M +76.1%
Restaurant $2.0M +39.2%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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