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123 Bjune Dr SW Bainbridge Island, WA 98110

Retail properties & Spaces Google Maps
1,313 SF Built 2004
No photos on file
For Sale
$545,000 1,313 SF
123 Bjune Dr SW, Bainbridge Island, WA 98110
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Estimated value
No estimation on file for this property yet.
Property ID US90-1353838

Property summary

AI-generated overview

This exceptional Class A, 1,313 square foot storefront, located at 123 Bjune Dr SE in Bainbridge Island, WA 98110, presents a compelling investment opportunity. Part of the prestigious Seabreeze Condominiums, a mixed-use complex, this fully occupied (100%) retail space boasts a strong Net Operating Income (NOI) of $29,800, yielding a 5.47% cap rate. The asking price is $545,000, translating to $89.08 per square foot. Built in 2004, this unit is situated within a four-story building and benefits from convenient access to underground parking. The property features a multi-tenant occupancy structure with leases secured through June 2026. Its prime location in the Bainbridge Island Core District, near waterfront marinas, restaurants, and downtown shopping, ensures high visibility and foot traffic. The property's zoning allows for a variety of uses, making it an adaptable and valuable asset. This is a rare opportunity to acquire a stable, high-performing retail investment in a thriving waterfront community. The property includes a total condo size of 1,313 square feet and is offered as a NNN lease. The APN is 8180-000-000-0005. This is a turnkey investment ready for immediate income generation.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2004
Total area 1,313 SF
UPID US90-1353838

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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