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Customer-Facing Office Suite
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175 Parfitt Way SW, Bainbridge Island, WA 98110

Front-lobby office suite with private water-view offices, a conference room, and secure underground parking access.

Property Size1,301 SF
Days on Market1280

Property Features for 175 Parfitt Way SW

General Information

Standard status Active
Size 1,301 SF
Property subtype OFFICE
Lease Type SF/yr

Space & Availability

Space Use Office
Private Offices 3
Meeting Rooms 1

Additional Details

Public Transit Yes

Amenities

security
underground parking garage
Listing Agency: Windermere Commercial / ERES
Listed By: Kelly Muldrow, CCIM
Source: Moodyscre
Added: Jan 27, 2023 Changed: Jul 30 Last Checked: Jul 30 at 12:38PM

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 Windermere Commercial / ERES

Investment Insights

Based on property information with market context.

Customer-facing office suite located right in the front lobby of the Parfitt Building. The space includes three private water-facing view offices, a conference room, and a front reception or lobby area designed for welcoming clients.

The building secures after business hours and includes an underground parking garage for tenant and visitor parking. The suite is an easy walk to the ferry and is close to restaurants, coffee, and other services along Winslow Way.

With its client-ready lobby presence and dedicated conference room, the layout supports professional meetings while keeping day-to-day work centralized within the suite.

Key Highlights

  • Located in the front lobby of the Parfitt Building for customer‑facing access
  • Three private water‑facing view offices
  • Conference room plus front reception or lobby area

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick HVAC Service Electrical Service Carpet & Flooring Store Grocery & Convenience Store Plumbing Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,259
Businesses Nearby

Demographics for 98110, WA

24,825
Population
10,728
Households
2.3
Avg Household Size
51
Median Age
75%
College-Educated
99%
High-School Grad
27.6 sq mi
ZIP Area
899
Density / Sq Mi
$159,882
Median Household Income
$77,528
Median Earnings
$2,081
Median Rent
$1,076,200
Median Home Value

Market

Lease Benchmarks for Bainbridge Island, WA

$25.2 /SF/Yr
Avg Asking Price
$14.01–$32.29 /SF/Yr
Price Range
680 SF
Avg Space Size

This space is priced 5% below the average of $25.2 /SF/Yr.

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Front-lobby office suite with private water-view offices, a conference room, and secure underground parking access.
Where is this office units located?
The property is located at 175 Parfitt Way SW Bainbridge Island, WA.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: Located in the front lobby of the Parfitt Building for customer‑facing access; Three private water‑facing view offices; Conference room plus front reception or lobby area
(206) 949-3420 Call to check price and availability
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