Turnkey Medical Office
303 West 1st Street, Aberdeen, WA 98520
Professionally designed, ADA-compliant medical office with treatment rooms, offices, and on-site parking in a turnkey layout.
Type:Retail, Office, Mixed Use
Property size:
1,920 SFPrice / SF:
$203/SF- Added:
- Jun 17, 2026
- Days on Market:
- 8
- Last Refresh:
- Jun 24 at 6:37 am
Property Features for 303 West 1st Street
General Information
- Standard status
- Active
- Size
- 1,920 SF
- Property subtype
- Retail, Office, Mixed Use
Building Details
- Year Built
- 2004
Listing office Windermere Real Estate/Aberdeen
Listing date Jun 17, 2026
Source Crexi
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 Real Estate/Aberdeen
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
- Professionally designed turnkey layout with flexible floor plan for healthcare and professional office users
- Leased through 02/18/2028; all offers subject to the existing lease and tenant’s rights
- Ample on‑site parking and signage/visibility exposure
Overview
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.
Local 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 | $46.1k | $24.00 |
| − Vacancy | −$10.1k | −$5.28 |
| EGI | $35.9k | $18.72 |
| − OpEx | −$9.0k | −$4.68 |
| NOI | $27.0k | $14.04 |
1,920 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%
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 local authorities.
Location Intelligence
Current Use by Public Records
Medical centers
Location Insight
- Map
- Local Demand
- City
- Aberdeen
- County
- Grays Harbor
- State
- Washington
- Longitude
- -123.822384
- Latitude
- 46.974169
Nearby Similar for Sale
FAQs
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 West 1st Street 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
