Flex Space with Office
26291 Pioneer Way, Poulsbo, WA 98370
For Sale
$1,370,000
Under-construction flex space offers adaptable design and available three-phase power.
Property Size4,000 SF
Price / SF$342.50
Days on Market602
Property Features for 26291 Pioneer Way
General Information
Standard status
Size
Property subtype
Warehouse & Industrial
Warehouse Space
Office Build-Out
Three-Phase Power
Additional Details
Utilities to Site
Listing Agency:
Bob Guardino Real Estate Srvs
Listed By:
Bob Guardino
(360) 551-4609
Source:
Skylineproperties
Added: Mar 16, 2025
Changed: Nov 6
Last Checked: Nov 6 at 10:34AM
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 Bob Guardino Real Estate Srvs
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Investment Insights
Based on property information with market context.
This flex property is under construction with the foundation and site work completed. The planned configuration includes a 4,000 square foot warehouse on the lower level and 4,000 square feet of office space above. The design remains flexible, allowing a future occupant to participate in shaping the layout around its needs. An elevator may also be incorporated into the final plan.
Three-phase power is available for the property. The site also provides views toward the surrounding mountains and canal, adding a distinctive setting to the planned industrial and office configuration. The address is 26291 Pioneer Way in Poulsbo, Washington.
Three-phase power is available for the property. The site also provides views toward the surrounding mountains and canal, adding a distinctive setting to the planned industrial and office configuration. The address is 26291 Pioneer Way in Poulsbo, Washington.
Key Highlights
- Planned 4,000 square foot warehouse with 4,000 square feet of office space above
- Foundation and site work are complete
- Future occupant may participate in design decisions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,024
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,140,480
$1.1M
Cap Rate 7%
$814,629
$814.6K
Cap Rate 9%
$633,600
$633.6K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$86.4K $21.60/SF
− Vacancy
−$10.4K −$2.59/SF
EGI
$76.0K $19.01/SF
− OpEx
−$19.0K −$4.75/SF
NOI
$57.0K $14.26/SF
Area
Kitsap County, WA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,140,480
Cap Rate 7%
$814,629
Cap Rate 9%
$633,600
Alternative Uses
Best Use
Office B
$814.6K
$712.8K – $950.4K
NOI $57,024 @ 7.0% cap · market cap 4.16%
Second Best
Flex RnD
$656.5K
$574.5K – $766.0K
NOI $45,958 @ 7.0% cap · market cap 3.35%
Theoretical Best
Specialty Retail
$1.33M
$1.17M – $1.56M
NOI $93,366 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 98370, WA
32,857
Population
13,849
Households
2.4
Avg Household Size
45
Median Age
45%
College-Educated
95%
High-School Grad
56.3 sq mi
ZIP Area
584
Density / Sq Mi
$109,416
Median Household Income
$56,754
Median Earnings
$1,757
Median Rent
$587,000
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - Under-construction flex space offers adaptable design and available three-phase power.
Where is this flex space located?
The property is located at 26291 Pioneer Way Poulsbo, WA.
What is the asking price?
The asking price for this property is $1,370,000.
What are key features of this property?
This property features: Planned 4,000 square foot warehouse with 4,000 square feet of office space above; Foundation and site work are complete; Future occupant may participate in design decisions
