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 Market66
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
Listed By:
Jeff Coombe
(360) 620-5300
Source:
Mcardleteam
Added: Aug 10
Changed: Oct 7
Last Checked: Oct 7 at 5:23PM
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 / Yr
$17,808
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
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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
