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Property profile & analytics
FOR LEASE
Office buildings

19917 7Th Ave NE Poulsbo, WA 98370

44,194 SF 1.44 ac lot Built 1994
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US90-1246321
19917 7Th Ave NE, Poulsbo, WA 98370 For Lease
$13,005,000 9,600 SF available
19917 7Th Ave NE, Poulsbo, WA 98370
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Property summary
AI-generated overview

This exceptional two-story, Class B medical office building in Poulsbo, Kitsap County, offers 41,680 square feet of space, with 11,652 square feet currently available for lease. Built in 1994 and renovated in 2005, the property sits on 2.51 acres and boasts ample parking with 214 spaces (approximately 5 stalls per 1,000 square feet). The building features elevators and excellent street presence, including monument signage and potential for exterior building signage. Currently housing reputable medical tenants such as Fred Hutchinson Cancer Care, Franciscan Virginia Mason, and Allied Dermatology, this building provides a strong foundation for continued success. Available suites range from 2,052 to 9,600 square feet, offering flexibility for various medical practices. Its central Poulsbo location ensures convenient access for patients throughout Kitsap County. The building's multiple tenancy structure provides a diverse and stable income stream. This is a prime opportunity to acquire a well-established medical office building in a thriving community.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1994
Total area 44,194 SF
Lot 1.44 ac (62,726 SF)
Zoning code CITY
APN 142601-3-096-2008
UPID US90-1246321
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$11.26M
CAP Approach CAP
$10.34M
Comparable Approach Comparable
$9.20M
Blend (final) Blend
$13.01M
Owner & transaction history
Cpi Ahp Poulsbo Mob Owner LLC · 4 yrs held
Cpi Ahp Poulsbo Mob Owner LLC
since 2022
Last sale
$17.3M
7 recorded transactions
2022
$17.3M
2019
Price N/A
2010
$8.6M
2009
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CITY · Poulsbo, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $19.9M +80.5%
Retail stores $12.2M +10.6%
Neighborhood: shopping center $11.3M +2.5%
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