Medical Office
For Sale
Contact for pricing
10117 NE 58th St, Kirkland, WA 98033
One ownership group has held the property for more than 23 years.
Property Size10,852 SF
Price / SF$691.12
Days on Market9
Property Features for 10117 NE 58th St
General Information
Standard status
Active
Size
10,852 SF
Property subtype
OFFICE
Listing Agency:
Markoa,LLC
Listed By:
Cheryl McIvor
(206) 499-3815
Source:
Moodyscre
Added: Oct 8
Changed: Oct 13
Last Checked: Oct 15 at 1:37AM
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 Markoa,LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical office property contains 10852 square feet at 10117 NE 58th St, Kirkland, WA 98033. The same ownership group has held the property for over 23 years, and professional management has been in place for over 12 years.
Key Highlights
- Medical office space totaling 10852 square feet
- Held by the same ownership group for over 23 years
- Professionally managed for over 12 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$228,836
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,576,720
$4.6M
Cap Rate 7%
$3,269,086
$3.3M
Cap Rate 9%
$2,542,622
$2.5M
Market Conditions
NOI Build-Up for 10,852 SF
Gross rent
$390.7K $36.00/SF
− Vacancy
−$85.6K −$7.88/SF
EGI
$305.1K $28.12/SF
− OpEx
−$76.3K −$7.03/SF
NOI
$228.8K $21.09/SF
Area
King County, WA
Vacancy
21.90%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,576,720
Cap Rate 7%
$3,269,086
Cap Rate 9%
$2,542,622
Alternative Uses
Best Use
Office B
$3.27M
$2.86M – $3.81M
NOI $228,836 @ 7.0% cap · market cap 3.05%
Second Best
Healthcare Medical
$2.05M
$1.80M – $2.40M
NOI $143,813 @ 7.0% cap · market cap 1.92%
Theoretical Best
Office A
$4.35M
$3.80M – $5.07M
NOI $304,255 @ 7.0% cap · market cap 4.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
823
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98033, WA
41,763
Population
18,211
Households
2.3
Avg Household Size
39
Median Age
73%
College-Educated
98%
High-School Grad
9.2 sq mi
ZIP Area
4,539
Density / Sq Mi
$174,005
Median Household Income
$97,472
Median Earnings
$2,386
Median Rent
$1,259,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Deitch Michael J DVM — 4613 Lake Washington Blvd NE, Kirkland, WA 98033, United States
- L&L Animal Urgent Care — 944 6th St South, Kirkland, WA 98033
Frequently Asked Questions
What type of property is this?
Medical Office Space - One ownership group has held the property for more than 23 years.
Where is this medical office space located?
The property is located at 10117 NE 58th St Kirkland, WA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Medical office space totaling 10852 square feet; Held by the same ownership group for over 23 years; Professionally managed for over 12 years
