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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    595 Madison Ave Bainbridge Island, WA 98110

    • Commercial real estate
    • 2,004 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1080044
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 595 Madison Ave

    Year built
    1961
    Property size
    2,004 SF
    Property type
    Commercial real estate

    Description

    This exceptional executive office suite, totaling 293 square feet, is situated within a larger 2,004 square foot building on a 0.8-acre lot in the CBA Bainbridge Island submarket. Located on a major Bainbridge Island thoroughfare, this single-tenant space offers unparalleled convenience and accessibility. The property boasts a Class C designation and was constructed in 1961. The building is a single-story structure with a mixed-use zoning designation, providing flexibility for various business needs. The suite is fully furnished and ready for immediate occupancy. Enjoy the benefits of a shared common area, including a well-equipped kitchen, a comfortable meeting room, a welcoming reception area, and a relaxing outdoor deck. This collaborative environment is currently shared with a group of architects, fostering a professional and easy-going atmosphere. The property's APN is 272502-1-062-2007, and it's located within Kitsap County. This is an excellent opportunity for a professional seeking a productive and well-appointed workspace in a desirable location. The address is 595 Madison Avenue N.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bainbridge Island
    County
    Kitsap
    State
    Washington
    Longitude
    -122.52097516299
    Latitude
    47.629249473557

    Comparable in this City

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      Bainbridge Island Office Space

      Airy office space with harbor and courtyard views for rent.
      330 Madison Ave S, Bainbridge Island, WA 98110
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      Private office space in well-maintained medical/office building.
      727 Ericksen Ave NE, Bainbridge Island, WA 98110
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    • $22 SF/Yr
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      Bright Office Space on Winslow

      Inviting office space with natural light on Winslow Way.
      265 Winslow Way E, Bainbridge Island, WA 98110
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    • $18 SF/Yr
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      Winslow Office Building For Rent

      Office building in Winslow with flexible configurations available for rent.
      425-435 Ericksen Ave NE, Bainbridge Island, WA 98110
      View Details
    • $30 SF/Yr
      1,702 SF

      Winslow Way Office Space For Rent

      Office space with courtyard, kitchenette, and conference room.
      200 Winslow Way W, Bainbridge Island, WA 98110
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    • $18 SF/Yr
      443 SF

      Waterfront Trail Access Office Space

      Office space with waterfront trail access available for rent.
      187 Parfitt Way SW, Bainbridge Island, WA 98110
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    Similar Nearby for Sale

    • $2,450,000
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      Class A Office Building Investment

      Fully occupied Class A office building with stable tenants.
      818 Madison Ave N, Bainbridge Island, WA 98110
      View Details
    • $545,000
      1,313 SF

      Fully Leased Mixed-Use Condo

      Leased medical and retail space in mixed-use complex.
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    • $1,088,000
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      Bainbridge Island Standalone Office Building

      2,889 SF standalone office building in downtown Bainbridge Island.
      250-284 Madrona Way NE, Bainbridge Island, WA 98110
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    • $1,088,000

      Bainbridge Island Standalone Office Building

      2,889 SF office building in downtown Bainbridge Island.
      250 Madrona Way Ne, Bainbridge Island, WA 98110
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    • $2,450,000
      6,696 SF

      Class A Office Building Investment

      Well-maintained, fully occupied office building with stable tenants.
      818 Madison Ave N, Bainbridge Island, WA 98110
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    • $273,000
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      Class A Office Space Condo

      Class A condominium office space in a prime Bainbridge building.
      271 Wyatt Way NE, Bainbridge Island, WA 98110
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    Similar Nearby for Lease

    • $26 SF/Yr
      811 SF

      Bainbridge Island Office Space

      Airy office space with harbor and courtyard views for rent.
      330 Madison Ave S, Bainbridge Island, WA 98110
      View Details
    • $36 SF/Yr
      6,696 SF

      Madison Ave Executive Suites

      Bainbridge Island Class A Office Space
      818 Madison Ave, Bainbridge Island, WA 98110
      View Details
    • $30 SF/Yr
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      Efficient Office Suite For Lease

      Charming office suite with private offices, reception, and kitchenette.
      600 Ericksen Ave NE, Bainbridge Island, WA 98110
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    • $13 SF/Yr
      15,039 SF

      Bainbridge Island Office Suites

      Flexible workspace solutions in Kitsap County.
      100 Ravine Ln, Bainbridge Island, WA 98110
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    • $1,087 /Mo
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      Remodeled Office Space on Ericksen

      Newly remodeled office space with included utilities and internet.
      750 Ericksen Ave NE, Bainbridge Island, WA 98110
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    • $27 SF/Yr
      852 SF

      Downtown Winslow Office Space Available

      Office space in downtown Winslow suitable for professional services.
      145 Finch Rd SW, Bainbridge Island, WA 98110
      View Details
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    595 Madison Ave
    Bainbridge Island, WA 98110
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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