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Property profile & analytics
OFF-MARKET Estimated value $375,000
Retail space

405 National Ave Bremerton, WA 98312-3628

9,010 SF 0.33 ac lot Built 1946
Entity Owned Absentee Owner Free & Clear
Property ID
US90-0676136
Property summary
AI-generated overview

This exceptional investment opportunity presents a vacant, 11,222-square-foot industrial property situated on a 0.51-acre lot in Bremerton, Washington. The property, located at 405 S National Ave, features two single-story buildings, offering versatile space ideal for distribution, flex, or warehouse uses. Built in 1946, the Class C property boasts one loading dock and one dock-high door, enhancing operational efficiency. Its strategic location near Puget Sound Naval Shipyard (PSNS) and the Naval Base Kitsap offers significant advantages, providing proximity to a skilled workforce and major transportation routes. The property is zoned INDUSTRIAL, allowing for a wide range of industrial applications. Priced at $850,000 ($75.74 per square foot), this value-add opportunity is perfect for investors seeking a strong return in a thriving market. The property's convenient access to key transportation and logistical hubs further enhances its appeal. The Kitsap County location (APN: 4502-011-020-0008) and its proximity to PSNS & IMF make this a compelling investment prospect. This is a rare chance to acquire a well-positioned industrial property in a high-demand area.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1946
Total area 9,010 SF
Lot 0.33 ac (14,375 SF)
Zoning code IND
APN 4502-011-020-0008
UPID US90-0676136
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
  • Allbest Appliance Recycling Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$848k
Blend (final) Blend
$375k
Owner & transaction history
Absher Holding Company INC
Absher Holding Company INC
since 2025
3 recorded transactions
2025
$625,000
2009
Price N/A
2004
Price N/A
Zoning & alternative use
IND · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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