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    9191 Washington Ave NW Silverdale, WA 98383

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    For Sale
    $1,750,000

    7,000 SF commercial/industrial property with long-term tenant and upgrades.

    Property size:
    7,000 SF
    Lot size:
    0.65 Acres

    Property Features for 9191 Washington Ave NW

    General Information

    Size
    7,000 SF
    Lot size
    0.65 Acres

    Source: Highmark Partners Agent Justin Kraft

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

    Overview

    Silverdale Commercial/Industrial Turnkey Investment

    Located at 9191 Washington Ave NW in Silverdale, WA, this 7,000 SF commercial/industrial property presents a turnkey investment or owner-user opportunity. The property benefits from a long-term tenant, upgraded building systems, and strong cash flow. The current yearly rent is $109,000, reflecting a 6.23% capitalization rate, with 3% annual increases. The lease has six years remaining, with two five-year renewal options. Situated on a 0.65-acre lot (approximately 28,314 SF), the property is zoned Commercial, accommodating a wide range of uses, including office, service, or mixed-use configurations. The two-story layout features a combination of open workspace, private offices, and warehouse space, providing flexibility for various business operations. The building has been newly upgraded in 2024, including a new roof, a full HVAC system, and a fully updated electrical system.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mercurio's Heating & Air ... Hvac Contractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Silverdale
    County
    Kitsap
    State
    Washington
    Longitude
    -122.6956244
    Latitude
    47.6467293

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    FAQs

    What type of property is this?
    Office building - 7,000 SF commercial/industrial property with long-term tenant and upgrades.
    Where is this office building located?
    The property is located at 9191 Washington Ave NW Silverdale, WA.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - Turnkey investment opportunity with a long-term tenant in place.; - Strong cash flow with a 6.23% cap rate and 3% annual rent increases.; - Newly upgraded building systems including roof, HVAC, and electrical in 2024.
    (206) 895-2988
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    Realmo Value Estimation

    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.

    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.

    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
    9191 Washington Ave NW Silverdale, WA 98383
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