Professional Office
101 Main Ave Morton, WA 98356
For Sale
Contact for pricing
Versatile office building with two private offices, reception area, kitchen and bath, plus seven front parking spaces on a corner lot.
Property Size896 SF
Price / SF$251.12
Days on Market161
Property Features for 101 Main Ave
General Information
Standard status
Active
Size
896 SF
Property subtype
OFFICE
Listing Agency:
Century 21 Lund Realtors
(360) 508-0752
Listed By:
Greg Lund · License #23001977
(360) 508-0752
Source:
Moodyscre
Added: Feb 19
Changed: Jul 26
Last Checked: Jul 29 at 1:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Lund Realtors
Investment Insights
Based on property information with market context.
This versatile commercial building is sized at just under 900 square feet and is laid out for professional use. The interior includes two spacious private offices and an open reception area, along with a kitchen area and a bathroom for day-to-day convenience. The space also aligns with multiple prior business uses, including a bank, an insurance office, and a massage studio.
The property sits on a highly accessible corner lot with seven parking spaces in front. There is additional room toward the back that may support overflow parking and provides flexibility for future arrangements.
With its practical interior layout and dedicated parking, the building is well suited for organizations seeking a compact, functional setup where client-facing reception and private office space are both priorities.
The property sits on a highly accessible corner lot with seven parking spaces in front. There is additional room toward the back that may support overflow parking and provides flexibility for future arrangements.
With its practical interior layout and dedicated parking, the building is well suited for organizations seeking a compact, functional setup where client-facing reception and private office space are both priorities.
Key Highlights
- Just under 900 sq ft commercial building with a flexible interior layout for multiple business uses
- Includes two private offices plus an open reception area for client‑facing operations
- Kitchen area and bathroom included for everyday convenience
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.6k | $27.48 |
| − Vacancy | −$5.4k | −$6.05 |
| EGI | $19.2k | $21.43 |
| − OpEx | −$4.8k | −$5.36 |
| NOI | $14.4k | $16.08 |
896 SF · lease $27.48/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$205.8K
$180.1K – $240.1K
NOI $14,404 @ 7.0% cap · market cap 6.40%
Second Best
Retail
$165.5K
$144.8K – $193.1K
NOI $11,583 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$273.3K
$239.1K – $318.8K
NOI $19,130 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Versatile office building with two private offices, reception area, kitchen and bath, plus seven front parking spaces on a corner lot.
Where is this office units located?
The property is located at 101 Main Ave Morton, WA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Just under 900 sq ft commercial building with a flexible interior layout for multiple business uses; Includes two private offices plus an open reception area for client‑facing operations; Kitchen area and bathroom included for everyday convenience
