Single-Level Medical Office
For Sale
$525,000
9050 Silverdale Way, Silverdale, WA 98383
Functional office layout with reception, waiting, workroom, break-room, and restroom areas.
Property Size1,000 SF
Lot Size0.18 Acres
Price / SF$525
Days on Market21
Property Features for 9050 Silverdale Way
General Information
Standard status
Active
Size
1,000 SF
Total Parking Spaces
8
Lot size
0.18 Acres
Building Details
Buildings
1
Stories
1
Listing Agency:
JCM Property Management LLC
(360) 620-5300
Listed By:
Jeff Coombe
Source:
Mcardleteam
Added: Aug 10
Changed: Aug 29
Last Checked: Aug 25 at 5:07AM
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 JCM Property Management LLC
Investment Insights
Based on property information with market context.
This single-level medical office property includes 1,000 SF of office space on a 7,841 SF parcel. The interior is arranged with a waiting area, reception space, break room, restroom, three workrooms, and a private office. The office also has a view toward the water along the nearby street.
The property is positioned at the intersection of Silverdale Way and Lowell St, near Old Town. Eight dedicated parking stalls serve the building, while nearby restaurants, boutique shops, and a waterfront park are within walking distance. The combination of defined work areas, client-facing space, and on-site parking supports a range of medical or professional office uses.
The property is positioned at the intersection of Silverdale Way and Lowell St, near Old Town. Eight dedicated parking stalls serve the building, while nearby restaurants, boutique shops, and a waterfront park are within walking distance. The combination of defined work areas, client-facing space, and on-site parking supports a range of medical or professional office uses.
Key Highlights
- 1,000 SF single‑level medical office building
- Situated on a 7,841 SF parcel
- Eight dedicated parking stalls
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,808
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$356,160
$356.2K
Cap Rate 7%
$254,400
$254.4K
Cap Rate 9%
$197,867
$197.9K
Market Conditions
NOI Build-Up for 1,000 SF
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.
Gross rent
$32.8K $32.76/SF
− Vacancy
−$3.1K −$3.08/SF
EGI
$29.7K $29.68/SF
− OpEx
−$11.9K −$11.87/SF
NOI
$17.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$356,160
Cap Rate 7%
$254,400
Cap Rate 9%
$197,867
Alternative Uses
Best Use
Healthcare Medical
$254.4K
$222.6K – $296.8K
NOI $17,808 @ 7.0% cap · market cap 3.39%
Second Best
Office B
$203.7K
$178.2K – $237.6K
NOI $14,256 @ 7.0% cap · market cap 2.72%
Theoretical Best
Specialty Retail
$333.4K
$291.8K – $389.0K
NOI $23,341 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,316
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 98383, WA
21,565
Population
9,660
Households
2.2
Avg Household Size
39
Median Age
37%
College-Educated
96%
High-School Grad
17.4 sq mi
ZIP Area
1,239
Density / Sq Mi
$106,902
Median Household Income
$55,005
Median Earnings
$2,076
Median Rent
$565,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Functional office layout with reception, waiting, workroom, break-room, and restroom areas.
Where is this medical office space located?
The property is located at 9050 Silverdale Way Silverdale, WA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1,000 SF single‑level medical office building; Situated on a 7,841 SF parcel; Eight dedicated parking stalls
