South Kitsap Medical/Professional Office
1922 Pottery Avenue Port Orchard, WA 98366
1922 Pottery Avenue, Port Orchard, WA, 98366
$2,300,000
For Sale
$2,300,000
Office building in South Kitsap's medical corridor, ideal for owner-user.
Property Size10,171 SF
Price / SF$226.13
Days on Market107
Property Features for 1922 Pottery Avenue
General Information
- Standard status
- Active
- Size
- 10,171 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2008
Listing Agency
KELLER WILLIAMS GREATER 360
(360) 347-6600
Listed by
JOEY SOLLER
Source
Corcoran
Added: Apr 2 Checked: Jul 17 at 3:56 am
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 KELLER WILLIAMS GREATER 360
Investment Insights
Based on property information with market context.
Located in South Kitsap's medical and professional corridor, this office building presents an opportunity for an owner-user. The elevator-served building offers approximately 10,171 square feet with flexible suite configurations suited for medical, dental, therapy, or professional office use. The property benefits from co-tenancy and consistent demand. BPMU zoning allows for a range of uses. It is suited for an owner-user seeking stability, brand presence, and the ability to occupy a portion while leasing the balance. Ownership allows control over operating costs and tenant mix, with suite sizes offering flexibility for occupancy or expansion.
Key Highlights
- Prime location in South Kitsap's medical/professional corridor.
- Opportunity for owner‑user to occupy space and generate rental income.
- Flexible suite configurations suitable for medical, dental, therapy, or professional office use.
Local Financial Insights For Healthcare Medical
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 | $333.2k | $32.76 |
| − Vacancy | −$31.3k | −$3.08 |
| EGI | $301.9k | $29.68 |
| − OpEx | −$120.8k | −$11.87 |
| NOI | $181.1k | $17.81 |
10,171 SF · lease $32.76/SF/yr · vacancy 9.40% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.59M
$2.26M – $3.02M
NOI $181,129 @ 7.0% cap · market cap 7.88%
Second Best
Office B
$2.07M
$1.81M – $2.42M
NOI $144,998 @ 7.0% cap · market cap 6.30%
Theoretical Best
Specialty Retail
$3.39M
$2.97M – $3.96M
NOI $237,406 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Animal Intelligence Software
(Bike/Boat/Book/etc) Store
Galalee Software Solutions
(Bike/Boat/Book/etc) Store
Panther Professional Editing ...
Professional Organizer
Sunray Treatment and Recovery
Medical Clinic
Investor Resources Inc.
Financial Advisor
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Office building in South Kitsap's medical corridor, ideal for owner-user.
Where is this office building located?
The property is located at 1922 Pottery Avenue Port Orchard, WA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Prime location in South Kitsap's medical/professional corridor.; Opportunity for owner‑user to occupy space and generate rental income.; Flexible suite configurations suitable for medical, dental, therapy, or professional office use.
