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Property profile & analytics
OFF-MARKET Estimated value $6,540,000
Office buildings

403 Madison N Ave Bainbridge Island, WA 98110-2865

52,942 SF 2.07 ac lot Built 1998
Individually Owned 17-yr Hold ~ Est. High Equity
Property ID
US90-1749845
Property summary
AI-generated overview

This exceptional freestanding retail property, located at 403 Madison Ave N, Bainbridge Island, WA 98110, offers 63,304 square feet of versatile space within a two-story building constructed in 1998. The property sits on a 2.07-acre lot and includes 109-107 parking spaces, ensuring ample convenience for customers and employees. Currently, there are multiple tenancies available, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 4,645 square feet. A significant 12,095 square feet is currently vacant, presenting a unique opportunity for expansion or new tenancy. One available space, approximately 2,500 square feet, features an existing upper-level gym area with a rubber floor and could be combined with an adjacent space to create over 5,000 square feet of contiguous space. The property's location within the CBA Bainbridge Island submarket offers excellent visibility and accessibility. The asking price is $24 per square foot, plus NNN charges, and the space is available for immediate occupancy. The property's APN is 272502-4-010-2004.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1998
Total area 52,942 SF
Lot 2.07 ac (90,169 SF)
Zoning code CITY
APN 272502-4-010-2004
UPID US90-1749845
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
by Request
Comparable Approach Comparable
$8.26M
Blend (final) Blend
$6.54M
Owner & transaction history
Emma O Patterson · 17 yrs held
Emma O Patterson
since 2009
7 recorded transactions
2009
Price N/A
2004
Price N/A
2000
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CITY · Bainbridge Island, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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