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    3560 W Arsenal Way Bremerton, WA 98312
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    Property profile & analytics

    3560 W Arsenal Way, Bremerton, WA 98312

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    • Commercial land
    Off-Market
    Property ID
    US90-2989936
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 3560 W Arsenal Way

    Year built
    1934
    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Several options await the new owner of this centrally located West Bremerton acreage. Fixer home on 2.93 acres. Fix the existing 1956 sqft home, or tear down and build new. Office? Multi-family? Zoned commercial, 10-30 units per acre.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bremerton
    County
    Kitsap
    State
    Washington
    Longitude
    -122.6650473
    Latitude
    47.5620176

    Comparable in this City

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      Commercial Land with Development Potential

      Approved site for commercial center with expansion possibilities.
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      Development Opportunity with Approved Permits

      Development property with permits for RV/boat storage and industrial warehouse.
      58 Werner Rd, Bremerton, WA 98312
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      Industrial Development Land Available

      60.2 acres of industrial development land for sale.
      9000 W Werner Rd, Bremerton, WA 98312
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    • $649,000

      High-Visibility Commercial Land Opportunity

      One acre commercial land near Safeway in West Bremerton.
      901 North Callow Ave, Bremerton, WA 98312
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    Similar Nearby for Sale

    • $127,956

      Developed Business Park Lots

      Eight fully developed lots ready to build in a business park.
      5225 Sinclair Way -, Bremerton, WA 98312
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      Bremerton Development Opportunity on Kitsap

      3.8 acres across 4 parcels near N.A.D. Marine Park.
      1746 Carr Blvd, Bremerton, WA 98312
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    • Contact for pricing

      Commercial Land with Development Potential

      Approved site for commercial center with expansion possibilities.
      2800 State Highway 3 W, Bremerton, WA 98312
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    • $2,265,000

      Development Opportunity with Approved Permits

      Development property with permits for RV/boat storage and industrial warehouse.
      58 Werner Rd, Bremerton, WA 98312
      View Details
    • Contact for pricing

      Industrial Development Land Available

      60.2 acres of industrial development land for sale.
      9000 W Werner Rd, Bremerton, WA 98312
      View Details
    • $649,000

      High-Visibility Commercial Land Opportunity

      One acre commercial land near Safeway in West Bremerton.
      901 North Callow Ave, Bremerton, WA 98312
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    Similar Nearby for Lease

    • $606,355
      174,240 SF

      Finished Lots Near SR-3

      Finished lots with utilities, near SR-3 and PSNS Charleston Gate.
      5225 Sinclair Way, Bremerton, WA 98312
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      2,650 SF

      Industrial Lay-down Yard For Rent

      Gated, paved industrial yard with office and warehouse space.
      130 Tweed Ln NW, Bremerton, WA 98312
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      Finished Lots with All Utilities

      Land with utilities, near SR-3 and PSNS Charleston Gate.
      5225-5240 Sinclair Way, Bremerton, WA 98312
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      Versatile Commercial Parcel For Rent

      10,454 SF parcel zoned for auto, boat sales, fuel.
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    • $2,947 /Mo
      2,210 SF

      High-Traffic Retail Space Available

      Retail space with high visibility and parking in Bremerton.
      301 Callow Ave, Bremerton, WA 98312
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      5,592 SF

      Highway 162 Showroom/Office Space

      5,592 SF showroom/office with fenced yard, available now.
      4001 State Highway 3 W, Bremerton, WA 98312
      View Details
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    Bremerton, WA 98312
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    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
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