Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5577 Vanbarr Pl Freeland, WA 98249

    For Sale
    $995,000

    High-Cap Rate Medical Office Building

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional commercial building presents a compelling investment opportunity in the thriving town of Freeland, Washington, situated on picturesque Whidbey Island. Currently operating as a successful medical practice, this property boasts a strong 7.7% cap rate and benefits from long-term triple-net lease agreements, ensuring consistent income. A comprehensive remodel in 2016 significantly enhanced the building's functionality and aesthetics. Upgrades include a brand-new storefront, durable LVP flooring, a modern snaploc metal roof, a completely updated HVAC system, and a new water heater equipped with a recirculating pump. The interior features solid oak doors, six fully equipped exam rooms each with sinks, updated lighting, upgraded bath fixtures, and attractive maple cabinets throughout. A dedicated procedure room is also included, complete with storage, a sink, and an operatory light. The property's fiber optic cabling ensures high-speed internet connectivity. Beyond the main building, the sale includes eight grade-level storage bays housed in durable storage containers located behind the structure. This well-maintained property, coupled with its reliable tenants, represents a truly exceptional investment prospect. The building is located in the heart of Freeland, offering excellent visibility and accessibility.

    Property Features for 5577 Vanbarr Pl

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1976
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Freeland
    County
    Island
    State
    Washington
    Longitude
    -122.5267
    Latitude
    48.00859

    Nearby Similar for Sale

    • $510,000

      Charming 55+ Freeland Residence

      Immaculate 2 bed, 1.75 bath home in Maple Ridge.
      1776 Compass Blvd, Freeland, WA 98249
      View Details
    • $897,500
      2,500 SF

      Freeland Medical Office Investment Opportunity

      Commercial building in Freeland, WA with long-term tenants.
      5577 Vanbarr Pl, Freeland, WA
      View Details
    • $370,000
      1,388 SF

      Freeland Home Near Private Beaches

      Two-bedroom home with den, near downtown and community beach.
      1031 Timber Ln, Freeland, WA 98249
      View Details
    • $1,625,000

      Freeland Specialty Property For Sale

      Specialty property available for purchase in Freeland, Washington.
      1592 Main St, Freeland, WA 98249
      View Details
    • $595,000

      Freeland Commercial Building - High ROI

      100% Occupied, 6.5% Cap Rate, Great Condition
      5570 Harbor Ave, Freeland, WA 98249
      View Details
    • $695,000

      Freeland Commercial Investment Opportunity

      High-yield Freeland commercial property with strong tenants.
      5589 Harbor Ave, Freeland, WA 98249
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-Cap Rate Medical Office Building
    Where is this commercial real estate located?
    The property is located at 5577 Vanbarr Pl Freeland, WA.
    What is the asking price?
    The asking price for this property is $995,000.
    (360) 675-5953
    Request Owner's contact information
    5577 Vanbarr Pl Freeland, WA 98249
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5577 Vanbarr Pl
    Freeland, WA 98249
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    5577 Vanbarr Pl Freeland, WA 98249
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.