727 Ericksen AveBainbridge Island, WA 98110

  • Healthcare properties
  • 5,200 SF
For Lease
$27.44/SF/YR View listing

Property Details for 727 Ericksen Ave

Year built
2000
Lot size
0.23 AC
Property size (Sq ft)
5,200 SF
Zone code
CITY
Property type
Healthcare properties
Property subtype
Medical offices
APN
5091-000-004-0203
APU
50910000040203

Description

This exceptional 363-square-foot medical office space is situated within a well-maintained, two-story Class B building in the heart of Winslow, Kitsap County. Built in 2000, the building offers a total of 5,200 square feet, currently housing multiple tenants. This particular unit presents a rare opportunity, representing one of the last remaining office spaces available on Bainbridge Island. Ideal for a solo practitioner or small professional practice seeking a quiet and productive workspace outside of a home office environment. The property boasts convenient access to the Winslow core, providing easy access to amenities and clients. The 0.23-acre lot (10,019 square feet) includes ample parking with 20 spaces available for tenants and visitors. The building is zoned for city use and features a single building with no elevators. The property's tax ID number is 50910000040203. This is a fantastic chance to establish a presence in a thriving and established medical/dental building in a highly desirable location. Don't miss this opportunity to secure your ideal workspace.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,407,133
    6.5%
    $1,298,892
    7%
    $1,206,114
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,394,453
    Geo Method
    $1,001,416
  • Alternative Use

    Use
    Valuation
    Residential
    $1,610,626
    Hospitality
    $1,475,325
    Educational
    $1,227,453
    Medical
    $1,269,667
    Retail
    $1,909,371
727 Ericksen Ave, Bainbridge Island, Washington

Location Insight

City
Bainbridge Island
County
Kitsap
State
Washington
Latitude
47.6306
Longitude
-122.517
CBSA code
14740
CBSA name
BREMERTON-SILVERDALE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$11,607
$583,610
$958,900
$1,542,510
-
$583,610
$958,900
$1,542,510

FAQs

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