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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    901 Oyster Bay Ave Bremerton, WA 98312

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1427844
    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.

    Current Use by Public Records

    • MarwoodGC / Contractor

    Property Details for 901 Oyster Bay Ave

    Property type
    Commercial real estate

    Description

    This exceptional commercial property in Bremerton, WA, presents a unique investment opportunity. Encompassing over 1.5 acres comprised of five separate tax parcels, this land offers significant potential for a variety of commercial ventures. Its strategic location within a prestigious freeway corridor ensures unparalleled visibility and accessibility. The property benefits from exposure to a substantial daily traffic count of 63,500 vehicles on the adjacent highway, guaranteeing high visibility for any business established here. This translates to a significant advantage in attracting customers and establishing a strong market presence. The expansive acreage allows for considerable flexibility in development plans, accommodating a wide range of commercial uses. The seamless highway access ensures convenient transportation for both employees and customers, further enhancing the property's appeal. This is a rare opportunity to acquire a substantial commercial land parcel in a high-traffic area with excellent visibility, making it an ideal investment for those seeking to build a thriving business. The five separate tax parcels offer additional flexibility for development and potential future expansion. This property is ready for your vision and offers a strong foundation for long-term commercial success. The asking price is $2,000,000. The address is 901 Oyster Bay Avenue S, Bremerton, WA.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bremerton
    County
    Kitsap
    State
    Washington
    Longitude
    -122.6739
    Latitude
    47.55539

    Comparable in this City

    • $274,995
      2.93 Acres

      West Bremerton Commercial Acreage

      2.93 Acres, Development Potential
      3560 Arsenal Way, Bremerton, WA 98312
      View Details
    • $350,000

      Charleston District Commercial Space

      Prime Bremerton location, high growth potential.
      336 Callow Ave, Bremerton, WA 98312
      View Details
    • $650,000
      15,682 SF

      Redevelopment Opportunity in West Bremerton

      Highly visible corner lot with redevelopment potential and existing rental income.
      4321 C St, 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
    • $1,850,000
      542,758 SF

      Highway 3 Land Opportunity

      12.46 acres of Business Center zoned land for sale.
      3 Hwy, Port Orchard, WA 98312
      View Details
    • $3,124,750
      108,900 SF

      Bremerton Homesite Community Opportunity

      25-homesite community in Bremerton with final plat approval and views.
      Sound Ridge Dr, Bremerton, WA 98312
      View Details

    Similar Nearby for Sale

    • $274,995
      2.93 Acres

      West Bremerton Commercial Acreage

      2.93 Acres, Development Potential
      3560 Arsenal Way, Bremerton, WA 98312
      View Details
    • $350,000

      Charleston District Commercial Space

      Prime Bremerton location, high growth potential.
      336 Callow Ave, Bremerton, WA 98312
      View Details
    • $650,000
      15,682 SF

      Redevelopment Opportunity in West Bremerton

      Highly visible corner lot with redevelopment potential and existing rental income.
      4321 C St, 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
    • $1,850,000
      542,758 SF

      Highway 3 Land Opportunity

      12.46 acres of Business Center zoned land for sale.
      3 Hwy, Port Orchard, WA 98312
      View Details
    • $3,124,750
      108,900 SF

      Bremerton Homesite Community Opportunity

      25-homesite community in Bremerton with final plat approval and views.
      Sound Ridge Dr, Bremerton, WA 98312
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      2,100 SF

      Retail Space in Bremerton

      Retail space available for rent in Bremerton, Washington.
      301 N Callow Ave, Bremerton, WA 98312
      View Details
    • $5,000 /Mo
      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
    • $25 SF/Yr
      4,304 SF

      Bremerton Retail/Office Space Available

      Retail/Office space for lease in West Bremerton submarket.
      5373 Auto Center Way, Bremerton, WA 98312
      View Details
    • $1.50 SF/Yr
      10,830 SF

      Renovated Office with Expansive Parking

      Recently renovated office space with a large parking lot.
      410 Ida St W, Bremerton, WA 98312
      View Details
    • $6,250 /Mo
      3,000 SF

      Versatile Industrial/Flex Space Available

      Industrial/flex space with office, warehouse, and secure yard in Bremerton.
      128-130 Oyster Bay Ave S, Bremerton, WA 98312
      View Details
    • Contact for pricing
      9,000 SF

      Versatile Warehouse Space Available

      9,000 sq ft warehouse with cooler space and loading dock.
      335 N Wycoff Ave, Bremerton, WA 98312
      View Details
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    901 Oyster Bay Ave
    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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