Two Office Buildings For
19660 10th Ave NE Poulsbo, WA
For Sale
Contact for pricing
Two office buildings totaling 18,662 SF on 0.94 acres.
Property Size10,400 SF
Lot Size0.94 Acres
Price / SF$403.85
Days on Market1687
Property Features for 19660 10th Ave NE
General Information
Standard status
Active
Size
10,400 SF
Lot size
0.94 Acres
Property subtype
OFFICE
Properties For Sale
at 19660 10th Ave NE Contact us
Listing Agency:
Johansson - Clark
(206) 842-7601
Listed By:
Craig Clark
(206) 842-7601
Source:
Moodyscre
Added: Dec 16, 2021
Changed: Jul 6
Last Checked: Jul 17 at 6:03AM
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 Johansson - Clark
Investment Insights
Based on property information with market context.
Two office buildings are available for purchase on a 0.94-acre lot near Highway 305. The main building, constructed in 2007, is a three-story structure with 15,928 square feet, designed as a corporate headquarters. It features an elevator, solar panels, a metal roof, sprinkler and security systems, and high-grade interior finishes. Each of the three floors, including one grade-level floor, offers approximately 5,419 square feet of space, with 8 to 9 private offices, 4 to 5 large open areas, a conference room, and a staff break room. Each floor can be divided roughly in half. The grade-level garage provides 12 securable parking spaces. An additional 2,734-square-foot office building, constructed in 1979, served as an annex to the main building. This annex could be renovated or removed, potentially allowing for the development of a new 9,000-square-foot building. The property includes 54 exterior parking spaces. The property is located within 15 to 30 minutes of Naval Bases and approximately one hour from downtown Seattle.
Key Highlights
- High‑image, custom‑built 15,928 SF office building with high‑quality construction, elevator, and high‑grade interior finishes.
- Extensive solar panels and metal roof for energy efficiency and durability.
- Secure parking: 12 garage spaces and 54 exterior spaces.
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 | $224.6k | $21.60 |
| − Vacancy | −$27.0k | −$2.59 |
| EGI | $197.7k | $19.01 |
| − OpEx | −$49.4k | −$4.75 |
| NOI | $148.3k | $14.26 |
10,400 SF · lease $21.60/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.12M
$1.85M – $2.47M
NOI $148,262 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.47M
$3.03M – $4.05M
NOI $242,752 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Two office buildings totaling 18,662 SF on 0.94 acres.
Where is this office building located?
The property is located at 19660 10th Ave NE Poulsbo, WA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: High‑image, custom‑built 15,928 SF office building with high‑quality construction, elevator, and high‑grade interior finishes.; Extensive solar panels and metal roof for energy efficiency and durability.; Secure parking: 12 garage spaces and 54 exterior spaces.
