Turnkey Medical Office
For Sale
$389,900
303 W 1st St, Aberdeen, WA 98520
Professionally designed, ADA-compliant medical office with treatment rooms, offices, and on-site parking in a turnkey layout.
Property Size1,920 SF
Price / SF$203.07
Days on Market111
Property Features for 303 W 1st St
General Information
Standard status
Active
Size
1,920 SF
Occupancy
100%
Building Details
Year Built
2004
Year Renovated
2014
Tenancy
Single
Listing Agency:
Windermere RE/Aberdeen
Listed By:
David Dagnen · License #50838
(360) 581-5322
Source:
Livnserverealestate
Added: Jun 22
Changed: Oct 8
Last Checked: Oct 7 at 1:25PM
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 RE/Aberdeen
Investment Insights
Based on property information with market context.
This turnkey medical office building was constructed in 2004 and renovated in 2014, offering a functional, professionally designed healthcare layout. Interior features include a welcoming waiting area, reception area, multiple treatment rooms, private offices, and a break room/storage area. The property is ADA compliant and includes heat pump HVAC, security monitoring, and quality interior finishes throughout.
Located in downtown Aberdeen, the building provides ample on-site parking and visibility with signage exposure. The current configuration supports a range of healthcare and professional uses consistent with the existing layout.
The property may be well suited for healthcare operators and related professional users seeking an operational-ready space with treatment and office components already in place. It is currently leased through 02/18/2028, and any offers will be subject to the existing lease and the tenant’s rights under that agreement.
Located in downtown Aberdeen, the building provides ample on-site parking and visibility with signage exposure. The current configuration supports a range of healthcare and professional uses consistent with the existing layout.
The property may be well suited for healthcare operators and related professional users seeking an operational-ready space with treatment and office components already in place. It is currently leased through 02/18/2028, and any offers will be subject to the existing lease and the tenant’s rights under that agreement.
Key Highlights
- ±1,920 SF medical office building in downtown Aberdeen with treatment rooms, private offices, and break room/storage
- ADA‑compliant facility with welcoming waiting and reception areas
- Built in 2004 and renovated in 2014; heat pump HVAC plus security monitoring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,957
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,140
$539.1K
Cap Rate 7%
$385,100
$385.1K
Cap Rate 9%
$299,522
$299.5K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$46.1K $24.00/SF
− Vacancy
−$10.1K −$5.28/SF
EGI
$35.9K $18.72/SF
− OpEx
−$9.0K −$4.68/SF
NOI
$27.0K $14.04/SF
Area
Grays Harbor County, WA
Vacancy
22.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,140
Cap Rate 7%
$385,100
Cap Rate 9%
$299,522
Alternative Uses
Best Use
Office B
$385.1K
$337.0K – $449.3K
NOI $26,957 @ 7.0% cap · market cap 6.91%
Second Best
Healthcare Medical
$371.2K
$324.8K – $433.0K
NOI $25,982 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$529.3K
$463.1K – $617.5K
NOI $37,048 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
990
Businesses Nearby
Explore this area
Business Placement
Demographics for 98520, WA
24,086
Population
9,333
Households
2.6
Avg Household Size
41
Median Age
14%
College-Educated
89%
High-School Grad
217.5 sq mi
ZIP Area
111
Density / Sq Mi
$59,744
Median Household Income
$34,591
Median Earnings
$1,034
Median Rent
$237,000
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical center - Professionally designed, ADA-compliant medical office with treatment rooms, offices, and on-site parking in a turnkey layout.
Where is this medical center located?
The property is located at 303 W 1st St Aberdeen, WA.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: ±1,920 SF medical office building in downtown Aberdeen with treatment rooms, private offices, and break room/storage; ADA‑compliant facility with welcoming waiting and reception areas; Built in 2004 and renovated in 2014; heat pump HVAC plus security monitoring
