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    4020 Wheaton Way Bremerton, WA 98310
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    Property profile & analytics

    4020 Wheaton Way, Bremerton, WA 98310

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    • Office buildings
    • 8,970 SF
    • 0.51 lot acres
    For Lease
    $11 SF/Yr
    View Listing →
    Bremerton Office Space Available For Lease
    $11 SF/Yr
    1,194 SF

    Bremerton Office Space Available

    Office space available for rent in Bremerton, Washington.

    4020 Wheaton Way, Bremerton, WA
    View Listing
    Property ID
    US90-0786410
    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
    $5,890,000
    Cap Rate Potential
    2.1%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Tuazon Jacqueline DDS / Dental Office
    • Kitsap Soccer Club / Nightclub / Music Venue
    • Conner Hearing Aid Clinic / Hearing Aid Store / Audiologist
    • CHRISTOPHER J KERR DDS / Dental Office
    • Alpine Chiropractic Clinic / Alternative Medicine Practice

    Property Details for 4020 Wheaton Way

    Year built
    1982
    Lot size
    0.51 lot acres
    Zone code
    CITY
    Property type
    Office buildings
    APN
    3994-000-004-0008
    APU
    39940000040008

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 12, 2021 — Waite Wheaton Way LLC Robin Waite Quit Claim Deed · related —
    Apr 23, 2019 — Robin Waite — Grant Deed · related $2.1M · Leah M Waite
    Aug 1, 2005 $5,599,999 Waite,robin I G & Karen R Wagley Investments INC Grant Deed $2.9M · Homestreet Bk
    Nov 6, 1990 — Wagley Investments INC Unknown Grant Deed · related —
    — — Robin Waite — Loan Modification · related $9.9M · Homestreet Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,360,000
      ML approach
      $6,010,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,030,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bremerton
    County
    Kitsap
    State
    Washington
    Longitude
    -122.628
    Latitude
    47.601
    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
    $8,182
    $236,160
    $725,510
    $961,670
    -
    $236,160
    $725,510
    $961,670

    Comparable in this City

    • Value Estimation by Request
      920 SF

      2317 Wheaton Way

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      2317 Wheaton Way, Bremerton, WA 98310-4347
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      2,232 SF

      2921 Perry Ave

      OFFICE BUILDING
      2921 Perry Ave, Bremerton, WA 98310-4624
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      2,832 SF

      1024 Insignia Loop

      OFFICE BUILDING
      1024 Insignia Loop, Bremerton, WA 98310-2579
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      1,272 SF

      2531 Perry Ave

      OFFICE BUILDING
      2531 Perry Ave, Bremerton, WA 98310-5218
      View Details
    • Value Estimation
      $810,000
      6,075 SF

      3309 Perry Ave

      OFFICE BUILDING
      3309 Perry Ave, Bremerton, WA 98310-5355
      View Details
    • Value Estimation
      $815,000
      2,952 SF

      797 Riddell Rd

      OFFICE BUILDING
      797 Riddell Rd, Bremerton, WA 98310-3030
      View Details

    Similar Nearby for Sale

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      Office building in Manette neighborhood with waterfront views.
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      NNN Leased Bremerton Retail Center

      Multi-tenant retail investment property with national and regional brand tenants.
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      Commercial Land in Bremerton

      Commercial land available in Bremerton with heavy car traffic.
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      5,460 SF

      High-Traffic Retail Opportunity in Bremerton

      5,460 SF vacant building with high visibility and traffic.
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      Pending

      Prime Development Site in Bremerton

      5.08-acre site zoned for multifamily, commercial, retail, or light industrial.
      1231 Sheridan Rd, Bremerton, WA 98310
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    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Bremerton Office Suites For Rent

      Centrally-located office building with suites available near Bremerton Ferry.
      2528 Wheaton Way, Bremerton, WA 98310
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      3,367 SF

      Remodeled Office Suite for Lease

      Remodeled office suite suitable for medical or telehealth use.
      2771 Hemlock St, Bremerton, WA 98310
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      222 SF

      Small Office Space Available

      Small office space for rent in Bremerton, Washington.
      3627 Wheaton Way, Bremerton, WA 98310
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      605 SF

      Bremerton Office Space For Rent

      Office space featuring restrooms, six offices, and open space.
      4040 Wheaton Way, Bremerton, WA 98310
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      1,983 SF

      Bremerton Office Space for Lease

      East Bremerton office space available for lease with mountain views.
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      1,020 SF

      Bremerton Office Suite For Rent

      Main level office suite suitable for professional services.
      2601 Cherry Ave, Bremerton, WA 98310
      View Details

    Property Visit Statistics

    • Visits by month
      4.7k
    • Visitors by month
      2.4k
    • Avg Time on site
      12 min
    View Listing
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    Bremerton, WA 98310
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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.

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