Medical Office
11415 Slater Ave NE Kirkland, WA 98033
For Sale
Contact for pricing
Medical office condo with 5 exam rooms, 1 lab room, and underground secured parking.
Property Size4,894 SF
Price / SF$490.40
Days on Market319
Property Features for 11415 Slater Ave NE
General Information
- Standard status
- Active
- Size
- 4,894 SF
- Property subtype
- OFFICE
Listing Agency:
Broderick Group, Inc.
(509) 991-3227
Listed By:
Jeff Livingston
(509) 991-3227
Source:
Moodyscre
Added: Sep 8, 2025
Changed: Jul 23
Last Checked: Jul 23 at 10:36AM
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 Broderick Group, Inc.
Investment Insights
Based on property information with market context.
This medical office condominium offers approximately 3,700 rentable square feet with 3,300 square feet of usable space. The interior configuration includes 5 exam rooms and 1 lab room, along with 6 offices, 4 of which could be converted into additional exam rooms if needed. The suite also features a large common area with additional bathrooms and a community room.
Access is supported by underground secured parking with a 4/1,000 parking ratio. The property is presented as an owner-user or investment opportunity.
Overall, the layout is designed around clinical exam and lab uses while retaining flexible office space options.
Access is supported by underground secured parking with a 4/1,000 parking ratio. The property is presented as an owner-user or investment opportunity.
Overall, the layout is designed around clinical exam and lab uses while retaining flexible office space options.
Key Highlights
- Medical commercial condominium with 3,700 rentable SF (3,300 SF usable)
- Layout includes 5 exam rooms plus 1 lab room
- Six offices available, with 4 convertible into exam rooms if needed
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 | $176.2k | $36.00 |
| − Vacancy | −$38.6k | −$7.88 |
| EGI | $137.6k | $28.12 |
| − OpEx | −$34.4k | −$7.03 |
| NOI | $103.2k | $21.09 |
4,894 SF · lease $36.00/SF/yr · vacancy 21.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.47M
$1.29M – $1.72M
NOI $103,200 @ 7.0% cap · market cap 4.30%
Second Best
Healthcare Medical
$926.5K
$810.7K – $1.08M
NOI $64,857 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,212 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Michael Taggart
Alternative Medicine Practice
GenCap Construction Corp.
Construction Company
Insite Property Solutions
Property Management Company
Frank Marinkovich, MD
Physician
IVFusionMD - IV Vitamin ...
Spa & Massage Center
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FAQs
What type of property is this?
Medical Office Space - Medical office condo with 5 exam rooms, 1 lab room, and underground secured parking.
Where is this medical office space located?
The property is located at 11415 Slater Ave NE Kirkland, WA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Medical commercial condominium with 3,700 rentable SF (3,300 SF usable); Layout includes 5 exam rooms plus 1 lab room; Six offices available, with 4 convertible into exam rooms if needed
