Commercial Office Building with
6443 NE 181st St Kenmore, WA 98028
For Sale
Contact for pricing
Daylight rambler-style office and medical building with street-level main access, lower level workspace, and parking for nine vehicles.
Property Size2,000 SF
Price / SF$414.50
Days on Market140
Property Features for 6443 NE 181st St
General Information
Standard status
Active
Size
2,000 SF
Property subtype
OFFICE
Listing Agency:
Quantum Real Estate
(206) 900-2626
Listed By:
Daniel Wick
(206) 900-2626
Source:
Moodyscre
Added: Mar 10
Changed: Jul 25
Last Checked: Jul 26 at 2:37PM
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 Quantum Real Estate
Investment Insights
Based on property information with market context.
Well-located commercial/medical office building available for sale in Kenmore, with a daylight rambler-style layout. The main floor is street-level with grade-level access and visibility, and the lower level provides additional office space. The building received a full HVAC replacement last year, including two new furnaces and two new heat pumps.
The property is fully occupied and currently generating $5,350 per month. The building has structured annual rent increases, with interior maintenance and utilities paid by tenants.
Off-street parking is available for nine vehicles. A large storage building is located in back of the property. Convenient access is noted to Bothell Way (SR-522) and the Kenmore commercial district, and the area is described as highly walkable.
The property is fully occupied and currently generating $5,350 per month. The building has structured annual rent increases, with interior maintenance and utilities paid by tenants.
Off-street parking is available for nine vehicles. A large storage building is located in back of the property. Convenient access is noted to Bothell Way (SR-522) and the Kenmore commercial district, and the area is described as highly walkable.
Key Highlights
- Well‑located 2,000 SF commercial/medical office building in Kenmore, fully occupied generating $5,350/month with structured annual rent increases.
- Full HVAC replacement last year including two new furnaces and two new heat pumps.
- Daylight rambler‑style layout with street‑level main floor for grade‑level access, visibility, and signage opportunity along NE 181st Street.
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 | $72.0k | $36.00 |
| − Vacancy | −$15.8k | −$7.88 |
| EGI | $56.2k | $28.12 |
| − OpEx | −$14.1k | −$7.03 |
| NOI | $42.2k | $21.09 |
2,000 SF · lease $36.00/SF/yr · vacancy 21.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$602.5K
$527.2K – $702.9K
NOI $42,174 @ 7.0% cap · market cap 5.09%
Second Best
Retail
$511.1K
$447.2K – $596.3K
NOI $35,777 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$801.1K
$700.9K – $934.6K
NOI $56,074 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Daylight rambler-style office and medical building with street-level main access, lower level workspace, and parking for nine vehicles.
Where is this office building located?
The property is located at 6443 NE 181st St Kenmore, WA.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: Well‑located 2,000 SF commercial/medical office building in Kenmore, fully occupied generating $5,350/month with structured annual rent increases.; Full HVAC replacement last year including two new furnaces and two new heat pumps.; Daylight rambler‑style layout with street‑level main floor for grade‑level access, visibility, and signage opportunity along NE 181st Street.
