Second-Floor Office
For Sale
Contact for pricing
325 E George Hopper Rd, Burlington, WA 98233
Four professionally finished second-floor office suites are located in a modern office building with a bright lobby and ample parking.
Property Size4,757 SF
Price / SF$315.32
Days on Market299
Property Features for 325 E George Hopper Rd
General Information
Standard status
Active
Size
4,757 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Amenities
bright welcoming lobby
common restrooms
ample parking
Listing Agency:
NextHome Preview Properties
(360) 848-8900
Listed By:
Melissa Pilcher · License #NWM141213
(360) 661-7260
Source:
Moodyscre
Added: Jan 2
Changed: Oct 25
Last Checked: Oct 28 at 9:14AM
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 NextHome Preview Properties
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Investment Insights
Based on property information with market context.
This offering includes four professionally finished office suites on the second floor within a modern office building. The property features a bright, welcoming lobby, common restrooms, and ample parking to support client and staff needs.
The suites are positioned in Burlington’s Advantage Business Park, with quick access to I-5 via exit 229 and visibility for day-to-day business traffic.
Each suite is delivered as an office space designed for professional service, medical, or administrative uses, with a clean, accessible layout intended for clients and staff.
The suites are positioned in Burlington’s Advantage Business Park, with quick access to I-5 via exit 229 and visibility for day-to-day business traffic.
Each suite is delivered as an office space designed for professional service, medical, or administrative uses, with a clean, accessible layout intended for clients and staff.
Key Highlights
- Four professionally finished second‑floor office suites in a modern office building
- Bright, welcoming lobby plus common restrooms
- Ample on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,641
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,032,820
$2.0M
Cap Rate 7%
$1,452,014
$1.5M
Cap Rate 9%
$1,129,344
$1.1M
Market Conditions
NOI Build-Up for 4,757 SF
Gross rent
$170.7K $35.88/SF
− Vacancy
−$35.2K −$7.39/SF
EGI
$135.5K $28.49/SF
− OpEx
−$33.9K −$7.12/SF
NOI
$101.6K $21.37/SF
Area
Skagit County, WA
Vacancy
20.60%
Lease Rate
$35.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,032,820
Cap Rate 7%
$1,452,014
Cap Rate 9%
$1,129,344
Alternative Uses
Best Use
Office B
$1.45M
$1.27M – $1.69M
NOI $101,641 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.26M
NOI $135,430 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
551
Businesses Nearby
Explore this area
Business Placement
Demographics for 98233, WA
16,034
Population
7,295
Households
2.2
Avg Household Size
38
Median Age
23%
College-Educated
90%
High-School Grad
33.2 sq mi
ZIP Area
483
Density / Sq Mi
$83,560
Median Household Income
$43,697
Median Earnings
$1,567
Median Rent
$466,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Four professionally finished second-floor office suites are located in a modern office building with a bright lobby and ample parking.
Where is this office unit located?
The property is located at 325 E George Hopper Rd Burlington, WA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Four professionally finished second‑floor office suites in a modern office building; Bright, welcoming lobby plus common restrooms; Ample on‑site parking
