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499 NE Midway Blvd 8,950 SF 100% Leased Office Building Oak Harbor, WA 98277 $1,400,000 ($156.42/SF) 6.07% Cap Rate

Office Spaces Washington Oak Harbor 499 NE Midway Blvd, Oak Harbor, WA 98277

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Investment Highlights

  • Long-term leases
  • Office + garage
  • Plenty of parking

Executive Summary

Well maintained office building with long-term leases. Very low maintenance and great tenants. 2 suites with multiple offices in each. Private baths, locker room, showers, conference & break rooms, as well as a garage-and parking for days.

Data Room Click Here to Access

Financial Summary (Pro Forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro Forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
8,950 SF
Building Class
C
Year Built/Renovated
1960/2018
Price
$1,400,000
Price Per SF
$156.42
Cap Rate
6.07%
NOI
$85,026
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,950 SF
Building FAR
0.73
Lot Size
0.28 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
OH
Parking
31 Spaces (3.46 Spaces per 1,000 SF Leased)
1 1

Property Taxes

Parcel Number S7285-00-0A004-1 Total Assessment $755,811 (2025)
Land Assessment $168,011 (2025) Annual Taxes ($1) ($0.00/SF)
Improvements Assessment $587,800 (2025) Tax Year 2024

Property Taxes

Parcel Number
S7285-00-0A004-1
Land Assessment
$168,011 (2025)
Improvements Assessment
$587,800 (2025)
Total Assessment
$755,811 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
(360) 672-0695

Still interested?

Contact the broker for more information about this property

Contact

  • Jason McFadyen
    Jason McFadyen

  • Listing ID: 33453756

  • Date on Market: 10/8/2024

  • Last Updated:

  • Address: 499 NE Midway Blvd, Oak Harbor, WA 98277

More public record information on 499 NE Midway Blvd, Oak Harbor, WA 98277

The Office Property at 499 NE Midway Blvd, Oak Harbor, WA 98277 is currently available for Sale. Contact Windermere/Whidbey Mgmt Serv. for more information.

NEARBY LISTINGS

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499 NE Midway Blvd
(360) 672-0695 x

499 NE Midway Blvd

Jason McFadyen
(360) 672-0695

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