400 Warren AveBremerton, WA 98337

Property Details for 400 Warren Ave

Year built

1978

Lot size

1.03 AC

Property size (Sq ft)

45,372 SF

Zone code

CITY

Property type

Office buildings

APN

3718-018-001-0008

APU

37180180010008

Description

The Warren Tower, a four-story, 45,372 square foot office building at 400 Warren Avenue in Bremerton, WA, offers multiple tenancy options. Currently, 19,822 square feet of space is available, divisible into units ranging from 3,697 to 11,380 contiguous square feet. Built in 1979, this Kitsap County property sits on a 1.49-acre lot and is zoned DSAP. The building features elevator access, ample on-site surface parking, and is conveniently located near major thoroughfares, retailers, and ferry terminals providing easy access to Seattle. The building boasts freshly renovated spaces with high-quality finishes. Several units are available, including a turnkey option (approximately 3,697 square feet) and a larger, divisible space (approximately 4,745 square feet). Additionally, a 11,380 square foot basement space is available in shell condition. The Warren Tower enjoys a prestigious location with distinguished neighbors including Farmers Insurance, Witt Law Group, and various government agencies. This is an exceptional opportunity for businesses seeking a prime location and modern, flexible office space in a thriving downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $12,277,775

  6.5%

  $11,333,331

  7%

  $10,523,807

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,167,135

  Geo Method

  $8,737,740

• Alternative Use

  Use

  Valuation

  Residential

  $14,053,330

  Hospitality

  $12,872,775

  Educational

  $10,709,997

  Medical

  $11,078,331

  Retail

  $16,659,996

Location Insight

City

Bremerton

County

Kitsap

State

Washington

Latitude

47.5662

Longitude

-122.632

CBSA code

14740

CBSA name

BREMERTON-SILVERDALE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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