Bainbridge Island Office/Retail
271 Wyatt Way NE Bainbridge Island, WA 98110
For Sale
$348,000
Pending
Class A office and retail spaces near downtown.
Property Size771 SF
Days on Market222
Property Features for 271 Wyatt Way NE
General Information
Standard status
Pending
Size
771 SF
Property subtype
Commercial
Building Details
Year Built
2008
Listing Agency:
THE AGENCY BAINBRIDGE ISLAND
Listed By:
BROR ELMQUIST
Source:
Corcoran
Added: Dec 17, 2025
Changed: Jul 6
Last Checked: Jul 23 at 8:36AM
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 THE AGENCY BAINBRIDGE ISLAND
Investment Insights
Based on property information with market context.
Class A condominium office and retail spaces are available in a commercial building located on a quiet, tree-lined street on Bainbridge Island, close to the downtown core. The property offers units easily accessible from the street, surrounding an inner courtyard. Parking is available in an underground garage and a surface parking lot. The property size is 771 square feet.
Key Highlights
- Class A condominium office and retail spaces.
- Located in one of the best commercial buildings on Bainbridge.
- Close to downtown core.
Financial Insights For Office B
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 | $16.7k | $21.60 |
| − Vacancy | −$2.0k | −$2.59 |
| EGI | $14.7k | $19.01 |
| − OpEx | −$3.7k | −$4.75 |
| NOI | $11.0k | $14.26 |
771 SF · lease $21.60/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$157.0K
$137.4K – $183.2K
NOI $10,991 @ 7.0% cap · market cap 3.16%
Second Best
Retail
$127.7K
$111.7K – $149.0K
NOI $8,937 @ 7.0% cap · market cap 2.57%
Theoretical Best
Specialty Retail
$257.1K
$225.0K – $299.9K
NOI $17,996 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Class A office and retail spaces near downtown.
Where is this office units located?
The property is located at 271 Wyatt Way NE Bainbridge Island, WA.
What is the asking price?
The asking price for this property is $348,000.
What are key features of this property?
This property features: Class A condominium office and retail spaces.; Located in one of the best commercial buildings on Bainbridge.; Close to downtown core.
