Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1050 NE Hostmark St Poulsbo, WA 98370

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $25 SF/Yr

    34,775 SF office building with flexible layouts and mountain views.

    Property size:
    34,775 SF
    Lot size:
    2.87 Acres

    Property Features for 1050 NE Hostmark St

    General Information

    Size
    34,775 SF
    Lot size
    2.87 Acres

    We can help!

    Listing Contact
    Gary Anderson
    Source: Moodyscre

    Listing Agent: Gary Anderson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Spacious Office Building with Views

    This 34,775 square foot building offers a commercial opportunity with two floors and flexible divisibility options. The property features an open floor plan, allowing for versatile layouts suitable for various business needs. Recent updates include modernized bathrooms. Private offices extend onto balconies that offer views of the Olympic Mountains. Decks enhance the corner location's visibility. Ample parking is available for employees and visitors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Poulsbo
    County
    Kitsap
    State
    Washington
    Longitude
    -122.6346028
    Latitude
    47.7339461

    Nearby Similar for Lease

    • $250 SF/Yr
      1,000 SF

      Flexible Coworking Space in Poulsbo

      Modern coworking space with flexible options and community atmosphere.
      19089 Jenson Way NE, Poulsbo, WA
      View Details
    • $0.90 SF/Yr
      24,246 SF

      Scalable Warehouse Space Available

      High-functioning warehouse space suitable for e-commerce, distribution, or industrial teams.
      26287 12 Trees Ln NW, Poulsbo, WA 98370
      View Details
    • $21 SF/Yr
      3,475 SF

      Ground-Floor Office Space Available

      3,475 SF office space in Powder Hill Business Park.
      19265 Powder Hill Pl NE, Poulsbo, WA 98370
      View Details
    • Contact for pricing
      4,500 SF

      New Flex Units in Poulsbo

      High-efficiency industrial development tailored for small to midsize businesses.
      19647 Viking Ave NW, Poulsbo, WA 98370
      View Details
    • $23 SF/Yr
      7,560 SF

      Equipped Medical Building For Lease

      Turnkey medical building with pharmacy, radiology, and lab.
      19379 7Th Ave NE, Poulsbo, WA 98370
      View Details
    • $23 SF/Yr
      13,480 SF

      Poulsbo Medical Office Suite 104

      Prime Poulsbo Office Space Available
      19365 7Th Ave, Poulsbo, WA 98370
      View Details
    • $32 SF/Yr
      1,865 SF

      High-Traffic Retail/Commercial Space Available

      Retail/commercial space with high visibility and traffic.
      19723 10Th Ave NE, Poulsbo, WA 98370
      View Details
    • $25 SF/Yr
      20,000 SF

      Office Space with Mountain Views

      Office space in Poulsbo with mountain views and ample parking.
      19462 Powder Hill Pl NE, Poulsbo, WA 98370
      View Details
    • $20 SF/Yr
      1,100 SF

      Downtown Poulsbo Office Space Available

      Second-floor office suite with views in historic downtown Poulsbo.
      18955 Anderson Pkwy NE, Poulsbo, WA
      View Details
    • $23 SF/Yr
      2,444 SF

      Dental Office in Poulsbo Village

      Available dental office with five operatories in Poulsbo Village.
      19365 7Th Ave NE, Poulsbo, WA 98370
      View Details
    • $24 SF/Yr
      18,000 SF

      Pad-Ready Flex/Industrial Building Available

      Permitted 18,000 SF flex/industrial building divisible to 2,650 SF.
      Quickstep Ct NW, Poulsbo, WA
      View Details
    • $12 SF/Yr
      31,153 SF

      Retail Space in Poulsbo Center

      Retail space with excellent access and abundant parking.
      19561 7Th Ave NE, Poulsbo, WA 98370
      View Details

    FAQs

    What type of property is this?
    Office building - 34,775 SF office building with flexible layouts and mountain views.
    Where is this office building located?
    The property is located at 1050 NE Hostmark St Poulsbo, WA.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - 34,775 SF building with flexible divisibility options.; - Open floor plan offering versatile layouts.; - Private offices with balconies and Olympic Mountain views.
    (360) 373-2343
    Request Owner's contact information
    1050 NE Hostmark St Poulsbo, WA 98370
    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.
    1050 NE Hostmark St
    Poulsbo, WA 98370
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1050 NE Hostmark St Poulsbo, WA 98370
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Gary Anderson
    Real Estate License ID: WA 43562
    (360) 373-2343
    Learn more
    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.