Warehouse-Flex and Office
4560 Mile Hill Dr Port Orchard, WA 98366
For Sale
$875,000
Two separate buildings combine open-span warehouse space with dedicated office for versatile commercial operations.
Property Size6,347 SF
Price / SF$137.86
Days on Market51
Property Features for 4560 Mile Hill Dr
General Information
Standard status
Active
Size
6,347 SF
Property subtype
Commercial
Building Details
Year Built
1990
Listing Agency:
G. ANDERSON GROUP, LLC
(360) 373-2343
Listed By:
GARY ANDERSON · License #24306
Source:
Corcoran
Added: Jun 10
Changed: Jul 10
Last Checked: Jul 29 at 7:58AM
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 G. ANDERSON GROUP, LLC
Investment Insights
Based on property information with market context.
The property includes two separate buildings totaling approximately 6,347 SF, configured to support both operational and administrative needs on one site. The warehouse/flex building provides open-span space with high ceilings and flexible functionality. A dedicated office building offers professional work space designed for day-to-day business use.
Located on the outer edge of Port Orchard at 4560 Mile Hill Dr, the site is served by Urban High Intensity Commercial zoning. The zoning contemplates a broad range of uses, including contractor services, professional offices, medical, fitness, retail, equipment rental, educational facilities, daycare, and veterinary services, along with Multi-Family Residential.
This setup can support tenants or owner-operators who want the flexibility of warehouse operations paired with an on-site office component. The open-span warehouse layout and high ceilings are well suited for a range of equipment and storage needs, while the dedicated office building provides space for professional services or management functions, subject to the property’s zoning requirements.
Located on the outer edge of Port Orchard at 4560 Mile Hill Dr, the site is served by Urban High Intensity Commercial zoning. The zoning contemplates a broad range of uses, including contractor services, professional offices, medical, fitness, retail, equipment rental, educational facilities, daycare, and veterinary services, along with Multi-Family Residential.
This setup can support tenants or owner-operators who want the flexibility of warehouse operations paired with an on-site office component. The open-span warehouse layout and high ceilings are well suited for a range of equipment and storage needs, while the dedicated office building provides space for professional services or management functions, subject to the property’s zoning requirements.
Key Highlights
- Two separate buildings totaling approximately 6,347 SF on one site, including a warehouse/flex building and a dedicated office building
- Warehouse/flex space features open‑span layout with high ceilings
- Dedicated office building provides professional work space on the same property
Financial Insights For Flex RnD
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 | $114.2k | $18.00 |
| − Vacancy | −$2.1k | −$0.32 |
| EGI | $112.2k | $17.68 |
| − OpEx | −$39.3k | −$6.19 |
| NOI | $72.9k | $11.49 |
6,347 SF · lease $18.00/SF/yr · vacancy 1.80% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.51M
NOI $90,483 @ 7.0% cap · market cap 10.34%
Second Best
Flex RnD
$1.04M
$911.5K – $1.22M
NOI $72,923 @ 7.0% cap · market cap 8.33%
Theoretical Best
Specialty Retail
$2.12M
$1.85M – $2.47M
NOI $148,149 @ 7.0% cap · market cap 16.93%
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?
Flex space - Two separate buildings combine open-span warehouse space with dedicated office for versatile commercial operations.
Where is this flex space located?
The property is located at 4560 Mile Hill Dr Port Orchard, WA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two separate buildings totaling approximately 6,347 SF on one site, including a warehouse/flex building and a dedicated office building; Warehouse/flex space features open‑span layout with high ceilings; Dedicated office building provides professional work space on the same property
