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Property profile & analytics
OFF-MARKET Estimated value $1,225,000
Office buildings

20307 Viking NW Ave Poulsbo, WA 98370-8321

6,965 SF 1.03 ac lot Built 1980
Individually Owned 1-yr Hold Free & Clear
Property ID
US90-1587718
Property summary
AI-generated overview

This exceptional commercial property, located at 20307 Viking Avenue NW in Poulsbo, WA, presents a lucrative investment opportunity. The building, zoned C-2, boasts a prime, signalized location ensuring high visibility and accessibility for businesses. Currently housing a thriving mix of tenants including a chiropractic practice, acupuncture clinic, dental office, and a co-working space (with one unit currently vacant), this property offers immediate income potential. The building features 49 parking spaces, a significant advantage in a high-traffic area. Each floor includes its own public restroom, enhancing convenience for tenants and visitors. Access is provided from two major roads, further maximizing exposure. The property also benefits from prominent monument signage. Meticulously maintained and updated, this building is easy to manage and offers a current 3.63% capitalization rate with potential for expansion to 7%. The property's strong tenant base and strategic location make it an ideal investment for discerning buyers seeking a stable and growing income stream. The vacant unit presents an opportunity for immediate revenue generation or expansion of existing businesses. This is a rare opportunity to acquire a well-established, high-performing commercial property in a desirable location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1980
Total area 6,965 SF
Lot 1.03 ac (44,867 SF)
Zoning code CITY
APN 152601-1-144-2003
UPID US90-1587718
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
by Request
CAP Approach CAP
$1.63M
Comparable Approach Comparable
$818k
Blend (final) Blend
$1.23M
Owner & transaction history
Willhaven Ltd · 1 yrs held
Willhaven Ltd
since 2025
1 recorded transaction
2025
$1.3M
Zoning & alternative use
CITY · Poulsbo, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.9M +10.6%
Neighborhood: shopping center $1.8M +2.5%
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