20307 Viking NW Ave Poulsbo, WA 98370-8321
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CITY · Poulsbo, WACosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.