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    900 Callow Ave Bremerton, WA 98312-3807

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    900 Callow Ave Bremerton, WA 98312-3807

    View on Map
    • Grocery and convenience stores
    • 45,339 SF
    • 2.95 lot acres
    Off-Market
    Property ID
    US90-1255636
    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
    $7,615,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Safeway Liquor / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • James Longmate / Pharmacy
    • Coinstar Kiosk | Bitcoin ATM / Atm / Currency Exchange Service
    • Safeway / Grocery & Convenience Store / Food Market
    • Julie's Family Daycare / Daycare Center

    Property Details for 900 Callow Ave

    Year built
    1994
    Lot size
    2.95 lot acres
    Property size
    45,339 SF
    Zone code
    CITY
    Property type
    Grocery and convenience stores
    APN
    3735-023-001-0106
    APU
    37350230010106

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,760,000
      6.5%
      $8,085,000
      7%
      $7,510,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,017,000
      Market price range: $3.97M - $12.7M
      AI Estimate
      $5,743,000
      Market price range: $2.52M - $7.77M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $8,600,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $11,565,000
      Change: +35% Conversion: Moderate
      MEDICAL BUILDING
      $11,010,000
      Change: +28% Conversion: Difficult
      OFFICE BUILDING
      $8,540,000
      Change: -1% Conversion: Easy
      AUTO REPAIR, GARAGE
      $8,130,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bremerton
    County
    Kitsap
    State
    Washington
    Longitude
    -122.653
    Latitude
    47.5701
    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
    $39,099
    $401,700
    $4,193,870
    $4,595,570
    -
    $401,700
    $4,193,870
    $4,595,570

    Comparable in this City

    • Value Estimation
      $7,600,000
      2,585 SF

      2101 6th St

      CONVENIENCE STORE • 2,585 SF
      2101 6th St, Bremerton, WA 98312-3945
      View Details
    • Value Estimation
      $710,000
      2,534 SF

      4399 Kitsap Way

      CONVENIENCE STORE • 2,534 SF
      4399 Kitsap Way, Bremerton, WA 98312-2445
      View Details
    • Value Estimation
      $1,895,000
      4,856 SF

      7968 Seabeck NW Hwy

      CONVENIENCE STORE • 4,856 SF
      7968 Seabeck NW Hwy, Bremerton, WA 98312
      View Details
    • Value Estimation by Request
      4,448 SF

      2550 Burwell St

      CONVENIENCE STORE • 4,448 SF
      2550 Burwell St, Bremerton, WA 98312-4023
      View Details
    • Value Estimation
      $730,000
      2,498 SF

      4650 Werner Rd

      CONVENIENCE STORE • 2,498 SF
      4650 Werner Rd, Bremerton, WA 98312-4307
      View Details
    • Value Estimation by Request
      2,100 SF

      2767 Northlake NW Way

      CONVENIENCE STORE • 2,100 SF
      2767 Northlake NW Way, Bremerton, WA 98312-8815
      View Details

    Similar Nearby for Sale

    • $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
      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
      2,100 SF

      Retail Space in Bremerton

      Retail space available for rent in Bremerton, Washington.
      301 N Callow Ave, Bremerton, WA 98312
      View Details
    • Contact for pricing

      Callow Avenue Commercial Building For Sale

      Commercial building on Callow Avenue with many potential uses.
      347 N Callow Ave, Bremerton, WA 98312
      View Details
    • $1,590,000

      Bremerton Commercial Building on Kitsap

      Commercial building in Bremerton with ample parking and Kitsap Way frontage.
      3421 Kitsap Way, Bremerton, WA 98312
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    • 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

    Similar Nearby for Lease

    • Contact for pricing

      Multi-Tenant Retail Investment Opportunity

      Stabilized retail property with diverse tenants in Bremerton, Washington.
      1107-1107 N Callow Ave, Bremerton, WA 98312
      View Details
    • 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
    • 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
    • $25 SF/Yr

      Bremerton Retail/Office Space Available

      Retail/Office space for lease in West Bremerton submarket.
      5373 Auto Center Way, 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

    Property Visit Statistics

    • Visits by month
      76.2k
    • Visitors by month
      34.0k
    • Avg Time on site
      18 min
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    900 Callow Ave
    Bremerton, WA 98312-3807
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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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