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Olympic Place I
1040 NE Hostmark St Poulsbo WA 98370
Listing #: 708530 | Status: Available | Last Modified: 4/2/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 265,284 |
| Vacancy Factor % | 0.00% |
| Operating Expenses | 74,661 |
| Net Operating Income | 190,623 |
| CAP Rate | 6.15 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Anchor | NIPC Insurance |
| Retail Asset Class Info | |
|---|---|
| Crane Tonnage | 0 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 2 |
| # of Units | 1 |
| # of Elevators | 1 |
| A/C | Yes |
| Total Building SF | 24,966 SF |
| Net Rentable Area | 17,280 SF |
| Total Office SF | 17,280 SF |
| Largest Contiguous SF | 9,238 SF |
| Lot SF | 50,530 SF |
| Acres | 1.16 |
| Year Built | 1989 |
| Sprinklers | Yes |
| Construction Type | Brick, Concrete, Framed |
| Property Type | |
|---|---|
| Property Type | Office |
| Office Type | Other |
| Building Class | B |
| Location | |
|---|---|
| County | Kitsap |
| Location Description | Downtown Poulsbo, 1 block from Hwy 305 |
| Market Area | Poulsbo |
| Tax ID # | 232601-1-056-2009 |
| Zoning | C-3 |
| Parking Information | |
|---|---|
| #Covered Spaces | 4 |
| # Uncovered Spaces | 46 |
| Total Parking Spots | 50 |
Olympic Place 1
Two story office building in the heart of Poulsbo with several varying tenants. The remaining vacancies are ideal for a multitude of potential office tenants. Current businesses include property management, dentistry, massage therapy, and Fire/EMS training. A new owner would benefit from passive income with seasoned tenants, while taking advantage of a move-in ready listing opportunity and a New Lease asset. Minor improvements could be made by a Buyer in order to improve interest. Otherwise, this is a value-add asset, waiting for the right opportunity. Do not miss out on a prime opportunity in a thriving area of Kitsap County.
Office space centrally located near Downtown Poulsbo. Great views of Olympics. ADA Compliant.
Olympic Place I
1040 NE Hostmark St Poulsbo WA 98370
Listing #: 708530 | Status: Available | Listing Date: 2/11/2026 | Last Modified: 4/2/2026 | Email Listing
For Sale
Olympic Place I
