3421 Kitsap Way
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3421 Kitsap Way
11,129 SF 100% Leased Office Building Bremerton, WA 98312 $1,590,000 ($143/SF) 8.12% Cap Rate
Investment Highlights
- Great Kitsap Way Frontage
- Great tenants with upside remaining
- Well maintained building and property
Executive Summary
Don't miss the chance to own a remarkable commercial building in the thriving city of Bremerton. Imagine owning a mid-century building with over 11,000 square feet of space, ample parking, and prime Kitsap Way frontage. The convenient ferry system makes commuting to and from Seattle a breeze, further enhancing the property's appeal. Bremerton's strong economy, coupled with a diverse mix of retail and office tenants, ensures a stable income stream with zero vacancy. Whether you are an investor seeking a cash flow opportunity, considering a 1031 exchange, or a property owner in need of consistent revenue, this outstanding commercial property offers significant upside potential. Act now and secure your place in Bremerton's booming future!
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Building Size
11,129 SF
Building Class
C
Year Built
1959
Price
$1,590,000
Price Per SF
$143
Cap Rate
8.12%
NOI
$129,108
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,614 SF
Building FAR
0.61
Lot Size
0.42 AC
Zoning
CITY - General, Commercial, Office
Parking
24 Spaces (2.16 Spaces per 1,000 SF Leased)
1 of 1
Walk Score ®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 3787-000-016-04-01 | Total Assessment | $977,970 (2025) |
| Land Assessment | $183,480 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $794,490 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
3787-000-016-04-01
Land Assessment
$183,480 (2025)
Improvements Assessment
$794,490 (2025)
Total Assessment
$977,970 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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3421 Kitsap Way
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