Harbor Square Corner Office
776 Winslow Way E Bainbridge Island, WA 98110
776 Winslow Way E, Bainbridge Island, WA, 98110
$985,000
For Sale
$985,000
Corner office space near Bainbridge Island ferry terminal with parking.
Property Size2,049 SF
Price / SF$480.72
Days on Market516
Property Features for 776 Winslow Way E
General Information
- Standard status
- Active
- Size
- 2,049 SF
Building Details
- Year Built
- 1999
Listing Agency
REALOGICS SOTHEBYS INTERNATIONAL REALTY
Listed by
JAMES BETZER
Source
Corcoran
Added: Feb 19, 2025 Checked: Mar 16 at 9:09 am
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 REALOGICS SOTHEBYS INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
Located steps from the Bainbridge Island ferry terminal, this 2,049-square-foot corner office space in Harbor Square offers convenient access and abundant natural light. The property features high ceilings and a meeting loft. It includes two storefront entrances, allowing for multiple configurations such as accommodating two businesses, a live/work setup, or combining office and hospitality functions. A separate 480-square-foot unit is included. The property also benefits from an elevator providing direct access to two parking spaces in a secure garage.
Key Highlights
- Unbeatable location steps from the Bainbridge Island ferry terminal.
- Versatile space suitable for multiple configurations: two businesses, live/work, or office/hospitality.
- Two separate units totaling 2,049 SF and 480 SF.
Local 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 | $44.3k | $21.60 |
| − Vacancy | −$5.3k | −$2.59 |
| EGI | $38.9k | $19.01 |
| − OpEx | −$9.7k | −$4.75 |
| NOI | $29.2k | $14.26 |
2,049 SF · lease $21.60/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$417.3K
$365.1K – $486.9K
NOI $29,211 @ 7.0% cap · market cap 2.97%
Second Best
Mixed Use
$363.6K
$318.1K – $424.2K
NOI $25,449 @ 7.0% cap · market cap 2.58%
Theoretical Best
Specialty Retail
$683.2K
$597.8K – $797.1K
NOI $47,827 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Corner office space near Bainbridge Island ferry terminal with parking.
Where is this office units located?
The property is located at 776 Winslow Way E Bainbridge Island, WA.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Unbeatable location steps from the Bainbridge Island ferry terminal.; Versatile space suitable for multiple configurations: two businesses, live/work, or office/hospitality.; Two separate units totaling 2,049 SF and 480 SF.
