Professional Office Live-Work
For Sale
Contact for pricing
360 KNECHTEL WAY NE, Bainbridge Island, WA 98110
Highly improved condo with vaulted ceilings, expansive windows, and private restroom and shower for flexible professional use.
Property Size1,250 SF
Price / SF$320
Days on Market149
Property Features for 360 KNECHTEL WAY NE
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Retail, Office, Mixed Use
Building Details
Year Built
2007
Tenancy
Single
Listing Agency:
Pacific Commercial Brokers
Listed By:
Tom O'Brien · License #WA
(253) 988-0080
Source:
Crexi
Added: May 28
Changed: Oct 13
Last Checked: Oct 23 at 4:19AM
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 Pacific Commercial Brokers
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Investment Insights
Based on property information with market context.
This highly improved professional office/live-work style condo is located in an attractive mixed-use building constructed in 2007. Inside, the space offers dramatic vaulted ceilings and expansive windows designed to bring in abundant natural light. Interior finishes reflect a warm Pacific Northwest aesthetic, supported by practical built-ins including built-in cabinetry and efficient storage solutions. The layout includes large open gathering/work areas, a mirrored studio space, and private restroom and shower facilities, along with a fireplace/lounging environment.
Set on Bainbridge Island near downtown amenities, restaurants, and ferry access, the property also sits within reach of surrounding residential neighborhoods. The building is professionally managed through an HOA, and on-site parking is available for added convenience.
The configuration supports a wide range of owner-user and professional operations, including medical, therapy, wellness, fitness, consulting, creative studios, and boutique office use. With both open collaborative space and dedicated studio areas, it can accommodate work that benefits from flexible zoning of areas for clients, sessions, or daily operations, while retaining private sanitary and shower facilities within the unit.
Set on Bainbridge Island near downtown amenities, restaurants, and ferry access, the property also sits within reach of surrounding residential neighborhoods. The building is professionally managed through an HOA, and on-site parking is available for added convenience.
The configuration supports a wide range of owner-user and professional operations, including medical, therapy, wellness, fitness, consulting, creative studios, and boutique office use. With both open collaborative space and dedicated studio areas, it can accommodate work that benefits from flexible zoning of areas for clients, sessions, or daily operations, while retaining private sanitary and shower facilities within the unit.
Key Highlights
- 2007‑built mixed‑use building with a highly improved professional office/live‑work style condo
- Dramatic vaulted ceilings and expansive windows for abundant natural light
- Large open gathering/work areas plus mirrored studio space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,260
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,200
$445.2K
Cap Rate 7%
$318,000
$318.0K
Cap Rate 9%
$247,333
$247.3K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$41.0K $32.76/SF
− Vacancy
−$3.8K −$3.08/SF
EGI
$37.1K $29.68/SF
− OpEx
−$14.8K −$11.87/SF
NOI
$22.3K $17.81/SF
Area
Kitsap County, WA
Vacancy
9.40%
Lease Rate
$32.76 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,200
Cap Rate 7%
$318,000
Cap Rate 9%
$247,333
Alternative Uses
Best Use
Healthcare Medical
$318.0K
$278.3K – $371.0K
NOI $22,260 @ 7.0% cap · market cap 5.56%
Second Best
Office B
$254.6K
$222.8K – $297.0K
NOI $17,820 @ 7.0% cap · market cap 4.46%
Theoretical Best
Specialty Retail
$416.8K
$364.7K – $486.3K
NOI $29,177 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,825
Businesses Nearby
Explore this area
Business Placement
Demographics for 98110, WA
24,825
Population
10,728
Households
2.3
Avg Household Size
51
Median Age
75%
College-Educated
99%
High-School Grad
27.6 sq mi
ZIP Area
899
Density / Sq Mi
$159,882
Median Household Income
$77,528
Median Earnings
$2,081
Median Rent
$1,076,200
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Live-work space - Highly improved condo with vaulted ceilings, expansive windows, and private restroom and shower for flexible professional use.
Where is this live-work space located?
The property is located at 360 KNECHTEL WAY NE Bainbridge Island, WA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2007‑built mixed‑use building with a highly improved professional office/live‑work style condo; Dramatic vaulted ceilings and expansive windows for abundant natural light; Large open gathering/work areas plus mirrored studio space
