Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    4908 Kitsap Way Bremerton, WA 98312
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4908 Kitsap Way Bremerton, WA 98312

    View on Map
    • Turn key restaurants
    • 5,840 SF
    • 0.69 lot acres
    For Sale
    $1,450,000
    View Listing →
    Waterfront Commercial Property with Apartment For Sale
    $1,450,000
    0.69 Acres

    Waterfront Commercial Property with Apartment

    High-visibility commercial property with restaurant and apartment, waterfront views.

    4908 Kitsap Way, Bremerton, WA 98312
    View Listing
    Property ID
    US90-1626764
    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

    • Tony's Italian Restaurant & Pizzeria / Restaurant

    Property Details for 4908 Kitsap Way

    Year built
    1938
    Lot size
    0.69 lot acres
    Property size
    5,840 SF
    Zone code
    CITY
    Property type
    Turn key restaurants
    APN
    162401-4-020-2007
    APU
    16240140202007

    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
    -122.68
    Latitude
    47.5699
    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
    $5,668
    $241,560
    $424,590
    $666,150
    -
    $241,560
    $424,590
    $666,150

    Comparable in this City

    • Value Estimation by Request
      7,070 SF

      6812 Kitsap Way

      RESTAURANT • 7,070 SF
      6812 Kitsap Way, Bremerton, WA 98312-1738
      View Details
    • Value Estimation by Request
      2,400 SF

      104 Callow Ave

      RESTAURANT • 2,400 SF
      104 Callow Ave, Bremerton, WA 98312-4013
      View Details
    • Value Estimation by Request
      220 SF

      Bremerton, WA 98312

      RESTAURANT • 220 SF
      Bremerton, WA 98312
      View Details
    • Value Estimation by Request
      2,309 SF

      3509 Kitsap Way

      RESTAURANT • 2,309 SF
      3509 Kitsap Way, Bremerton, WA 98312-2639
      View Details
    • Value Estimation by Request
      384 SF

      701 National Ave

      RESTAURANT • 384 SF
      701 National Ave, Bremerton, WA 98312-4438
      View Details
    • Value Estimation
      $500,000
      2,370 SF

      4200 Kitsap Way

      RESTAURANT • 2,370 SF
      4200 Kitsap Way, Bremerton, WA 98312-2448
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,188 SF

      Restaurant Building on Kitsap Way

      Near move-in-ready restaurant building with high visibility.
      4180 Kitsap Way, Bremerton, WA 98312
      View Details
    • $3,323,000

      Multi-Tenant Retail Investment Opportunity

      Stabilized, multi-tenant NNN investment property in Bremerton, Washington.
      1107 Callow Ave, Bremerton, WA 98312
      View Details
    • Contact for pricing

      Waterfront Commercial Property with Apartment

      High-visibility commercial property with restaurant and apartment, waterfront views.
      4908 Kitsap Way, 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
    • Contact for pricing
      18,250 SF

      Bremerton Auto Row Opportunity

      Former auto body shop on 2.57 acres in Bremerton.
      5150 Auto Center Blvd, 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

    Similar Nearby for Lease

    • Contact for pricing
      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
    • $10,719 /Mo
      9,188 SF

      Restaurant Building with High Visibility

      Near-move-in-ready restaurant building with high traffic location.
      4180 Kitsap Way, Bremerton, WA 98312
      View Details
    • Contact for pricing

      High-Visibility Commercial Space Available

      Commercial space with high visibility and neighborhood orientation.
      3523 Chico Way NW, Bremerton, WA 98312
      View Details
    • $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
      View Details
    • $7,245 /Mo
      5,796 SF

      Retail Space on Kitsap Way

      Well-maintained retail space available in Bremerton, near Seattle ferry.
      5002 Kitsap Way, Bremerton, WA 98312
      View Details
    • $2,025 /Mo
      1,620 SF

      Office Space on Kitsap Way

      Office space available January 2026 in thriving Bremerton area.
      3721 Kitsap Way, Bremerton, WA 98312
      View Details
    View Listing
    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.
    4908 Kitsap Way
    Bremerton, WA 98312
    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.
    Sign Up Successful!
    You now have access to more from Realmo!