Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7th 7Th Ave Poulsbo, WA 98370

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7th 7Th Ave Poulsbo, WA 98370

    View on Map
    • Land
    • 1.91 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 7th 7Th Ave

    Lot size
    1.91 lot acres
    Property type
    Land

    Description

    This exceptional 1.91-acre commercial land parcel in Poulsbo, Washington, presents a remarkable investment opportunity. Located on 7th Ave NE, this shovel-ready site boasts high visibility from Highway 305, a major north/south thoroughfare connecting Bainbridge Island to Poulsbo's bustling commercial center. The property's C-3 SR 305 Corridor zoning allows for a diverse range of commercial uses, making it ideal for businesses such as medical facilities, dental practices, automotive services, fast-food restaurants, childcare centers, or banking institutions. Its strategic location is surrounded by established retail businesses, including a Safeway and Central Market, ensuring high foot traffic and strong consumer presence. The immediate vicinity also features numerous schools, churches, and shopping centers, contributing to a vibrant and thriving community. Poulsbo's robust economic growth, marked by consistent annual additions of hundreds of new homes, further underscores the long-term potential of this property. The APN is 142601-2-059-2005. The asking price is $717,000. Don't miss this chance to secure a prime commercial site in a rapidly expanding market. This property is ready for immediate development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Poulsbo
    County
    Kitsap
    State
    Washington
    Longitude
    -122.64
    Latitude
    47.7446

    Comparable in this City

    • Value Estimation by Request
      0.83 Acres

      3 Wa-305

      Land • 0.83 Acres
      3 Wa-305, Poulsbo, WA 98370
      View Details
    • Value Estimation by Request

      21795 Quickstep Ct

      Land
      21795 Quickstep Ct, Poulsbo, WA 98370
      View Details
    • Value Estimation by Request
      2.47 Acres

      216 Xx Bond Rd

      Land • 2.47 Acres
      216 Xx Bond Rd, Poulsbo, WA 98370
      View Details
    • Value Estimation
      $935,000
      2,102 SF

      16300 State Hwy 305th NE

      COMMERCIAL (GENERAL) • 2,102 SF
      16300 State Hwy 305th NE, Poulsbo, WA 98370-7832
      View Details
    • Value Estimation
      $690,000
      2,900 SF

      20455 1st NE Ave

      COMMERCIAL (GENERAL) • 2,900 SF
      20455 1st NE Ave, Poulsbo, WA 98370-9319
      View Details
    • Value Estimation by Request
      1,603 SF

      19589 Frnt NE St

      COMMERCIAL (GENERAL) • 1,603 SF
      19589 Frnt NE St, Poulsbo, WA 98370-7363
      View Details

    Similar Nearby for Sale

    • $640,887

      Land Available in Poulsbo

      Land for sale at Olhava Way, Poulsbo, WA.
      21200 Olhava Way, Poulsbo, WA 98370
      View Details
    • $1,050,464

      Land Available in Poulsbo, WA

      Land for sale in Poulsbo, Washington. Tax ID: 10260130712001.
      21199 Olhava Way NW, Poulsbo, WA 98370
      View Details
    • Contact for pricing

      61-Acre Development Site in Poulsbo

      Commercial development site at the intersection of Highway 305 and Highway 3.
      3 & Sr 305, Poulsbo, WA 98370
      View Details
    • $899,000

      Vacant Land in Poulsbo, WA

      Vacant land suitable for development in Poulsbo, Washington.
      7Th Ave NE, Poulsbo, WA 98370
      View Details
    • Contact for pricing
      54,450 SF

      Highway Corner Land For Sale

      Hard corner lot on main highway with multiple access points.
      18823 State Highway 305 NE, Poulsbo, WA 98370
      View Details
    • $4,200,000
      0.94 Acres

      Poulsbo Office Complex - Highway 305

      Luxury Office Building, High Visibility, 0.94 Acres
      19660 10Th Ave, Poulsbo, WA 98370
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,865 SF

      High-Traffic Retail/Commercial Space Available

      Retail/commercial space with high visibility and traffic.
      19723 10Th Ave NE, Poulsbo, WA 98370
      View Details
    • Contact for pricing
      20,000 SF

      Office Space with Mountain Views

      Office space in Poulsbo with mountain views and ample parking.
      19462 Powder Hill Pl NE, Poulsbo, WA 98370
      View Details
    • $20 SF/Yr
      1,426 SF

      Dental Office in Poulsbo Village

      Available dental office with five operatories in Poulsbo Village.
      19365 7Th Ave NE, Poulsbo, WA 98370
      View Details
    • Contact for pricing

      Scalable Warehouse Space Available

      Warehouse space for logistics, distribution, and light industrial users.
      26287 12 Trees Ln NW, Poulsbo, WA 98370
      View Details
    • $24 SF/Yr
      2,250 SF

      Turn Key Restaurant Opportunity

      Restaurant space with commercial kitchen and seating available for rent.
      19880 7Th Ave NE, Poulsbo, WA 98370
      View Details
    • Contact for pricing

      Poulsbo Office Space Available

      Office space available for lease in Poulsbo, Washington.
      19723-19735 10Th Ave NE, Poulsbo, WA 98370
      View Details
    Request Owner's contact information
    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.
    7th 7Th Ave
    Poulsbo, WA 98370
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!