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    19089 Jenson Way NE Poulsbo, WA

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    For Lease
    $250 SF/Yr

    Modern coworking space with flexible options and community atmosphere.

    Property size:
    1,000 SF
    Lot size:
    0.18 Acres

    Property Features for 19089 Jenson Way NE

    General Information

    Size
    1,000 SF
    Lot size
    0.18 Acres

    We can help!

    Listing Contact
    Joey Soller
    Joey Soller
    Source: Moodyscre

    Listing Agent: Joey Soller

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

    Learn more

    Overview

    Flexible Coworking Space in Poulsbo

    The SALT offers a coworking space that combines modern convenience with small-town charm in Historic Downtown Poulsbo. Memberships include 24/7 access to hot desks and shared areas, with team plans that grow into private offices. The space is designed to help businesses focus and succeed, offering business-grade WiFi and online reservation for a private conference room or client meeting room. A soundproof phone booth is available for calls. The furnished media/podcast room is built for video, social media, and Zoom meetings. The shared kitchen offers fresh coffee and tea, and smart TVs are available for presentations or casual collaboration. Professional cleaning is included. Parking options include monthly permits, free street parking, municipal lots, and paid Port of Poulsbo parking. Clients can park at the building without a permit. Networking events, workshops, and collaborative opportunities connect members with other professionals. The SALT is designed to be a professional environment where ideas grow and businesses connect.
    Location Intelligence

    Current Use by Public Records

    Coworking space

    Map

    City
    Poulsbo
    County
    Kitsap
    State
    Washington
    Longitude
    -122.623
    Latitude
    47.7571

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    FAQs

    What type of property is this?
    Coworking space - Modern coworking space with flexible options and community atmosphere.
    Where is this coworking space located?
    The property is located at 19089 Jenson Way NE Poulsbo, WA.
    What is the lease rate?
    The lease rate is $250 SF/Yr.
    What are key features of this property?
    This property features: - 24/7 access to hot desks and shared areas.; - Flexible memberships that can grow into private offices.; - Business-grade WiFi, private conference rooms, and soundproof phone booths.
    (360) 347-6600
    Request Owner's contact information
    19089 Jenson Way NE Poulsbo, WA
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    Poulsbo, WA
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    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
    19089 Jenson Way NE Poulsbo, WA
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    We can help!
    Listing Contact
    Joey Soller
    Joey Soller
    (360) 347-6600
    Learn more
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