Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    600 Ericksen Ave NE Bainbridge Island, WA 98110

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Charming office suite with private offices, reception, and kitchenette.

    Property size:
    710 SF
    Lot size:
    1.11 Acres

    Property Features for 600 Ericksen Ave NE

    General Information

    Size
    710 SF
    Lot size
    1.11 Acres

    We can help!

    Listing Contact
    Kelly Muldrow, Ccim
    Kelly Muldrow, Ccim
    Source: Moodyscre

    Listing Agency: Windermere Commercial / ERES Listing Agent: Kelly Muldrow, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Efficient Office Suite For Lease

    Available for lease is a 3rd-floor office suite situated in a professional setting. The suite features 2 private offices suitable for focused work or meetings. A lobby/reception area provides a welcoming space with ample natural light. A kitchenette/bar area includes a sink, suitable for coffee breaks. East-facing windows offer a woodsy view, creating a calming work environment. An outdoor deck is accessible for breaks or informal meetings. Ample on-site parking is available for staff and visitors. The property is within walkable access to Winslow Way shops, dining, and the Bainbridge Island Ferry terminal. The property size is 710 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bainbridge Island
    County
    Kitsap
    State
    Washington
    Longitude
    -122.5161037
    Latitude
    47.629291

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      WA, Bainbridge - Ravine Ln

      Discover many ways to work your way in WA, Bainbridge - Ravine Ln
      100 Ravine Ln, Bainbridge Island, WA 98110
      View Details
    • $11,270 /Mo
      805 SF

      Bainbridge Island Flex/Office Space

      Modern flex and office spaces available in Bainbridge Island business park.
      12681 Miller Rd, Bainbridge Island, WA 98110
      View Details
    • $4,314 /Mo
      2,876 SF

      Bainbridge Island Commercial Space Available

      Ground floor commercial space with kitchen in Coppertop community.
      9453 Coppertop Loop NE, Bainbridge Island, WA 98110
      View Details
    • $104,091
      2,669 SF

      Historic Waterfront Building for Lease

      Restored warehouse/lab space with waterfront views, suitable for retail/office.
      4566 Point White Dr NE, Bainbridge Island, WA 98110
      View Details
    • $1,805 /Mo
      710 SF

      Efficient Office Suite For Lease

      Charming 710 SF office suite near Winslow Way shops.
      600 Ericksen Ave NE, Bainbridge Island, WA 98110
      View Details
    • $18,667 /Mo
      8,000 SF

      Retail Space in Bainbridge Island

      Managed property with access to shopping, dining, and ferry.
      945 Hildebrand Ln NE, Bainbridge Island, WA 98110
      View Details
    • $1,087 /Mo
      290 SF

      Remodeled Office Space on Ericksen

      Newly remodeled office space with amenities and reliable internet.
      750 Ericksen Ave NE, Bainbridge Island, WA 98110
      View Details
    • $503 /Mo
      201 SF

      Bainbridge Island Office Space Available

      Office space near Winslow Way and Seattle/Bainbridge ferry.
      355 Erickson Ave NE, Bainbridge Island, WA 98110
      View Details
    • $1,898 /Mo
      730 SF

      Office Space Near Winslow Way

      Office space with parking and signage near the ferry.
      600 Winslow Way E, Bainbridge Island, WA 98110
      View Details
    • $10,001 /Mo
      5,903 SF

      Restored Restaurant Space Available

      Bainbridge Island restaurant location available after extensive restoration.
      481 Madison Ave N, Bainbridge Island, WA 98110
      View Details
    • $315 /Mo
      179 SF

      Bainbridge Island Office Space Available

      Office spaces for rent near Winslow Way and the ferry.
      355 Erickson Ave NE, Bainbridge Island, WA 98110
      View Details
    • $849 /Mo
      463 SF

      Inviting Office Space on Winslow

      Bright office space with shared amenities on Winslow Way.
      265 Winslow Way E, Bainbridge Island, WA 98110
      View Details

    FAQs

    What type of property is this?
    Office units - Charming office suite with private offices, reception, and kitchenette.
    Where is this office units located?
    The property is located at 600 Ericksen Ave NE Bainbridge Island, WA.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: - Walkable access to Winslow Way shops, dining, and Bainbridge Island Ferry terminal; - Two private offices for focused work or meetings; - Convenient kitchenette/bar area with sink
    (360) 692-6102 Call to check price and availability
    Request Owner's contact information
    600 Ericksen Ave NE Bainbridge Island, WA 98110
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    600 Ericksen Ave NE
    Bainbridge Island, WA 98110
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    600 Ericksen Ave NE Bainbridge Island, WA 98110
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kelly Muldrow, Ccim
    Kelly Muldrow, Ccim
    (360) 692-6102 (206) 949-3420 (206) 780-5007
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!