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Olympic Place I 1040 NE Hostmark St 24,966 SF 100% Leased Office Building Poulsbo, WA 98370 $4,243,249 CAD ($169.96 CAD/SF) 6.15% Cap Rate

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Investment Highlights

  • Heavy traffic area
  • Great Tenant History
  • Multi-tenant

Executive Summary

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.

Financial Summary (Actual - 2025) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
24,966 SF
Building Class
B
Year Built
1989
Price
$4,243,249 CAD
Price Per SF
$169.96 CAD
Cap Rate
6.15%
NOI
$260,960 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,483 SF
Slab To Slab
9’
Building FAR
0.49
Lot Size
1.17 AC
Zoning
CITY - CO. Misc. Commercial
Parking
82 Spaces (3.28 Spaces per 1,000 SF Leased)

Amenities

  • Balcony

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Educational Services
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

Action Training Systems is a veteran-owned company specializing in multimedia training for emergency responders. Founded in 1988, the firm develops interactive online courses, streaming video, DVDs, and instructor resources designed to meet national standards for fire service, EMS, and industrial safety training. Its programs are used by municipal fire departments, EMS organizations, and industrial brigades to enhance competency and compliance with NFPA and CAPCE guidelines. The company operates from Poulsbo, Washington, and maintains in-house production and content development teams. Action Training Systems is privately held and serves clients nationwide with scalable training solutions for both volunteer and career responders.

  • Professional, Scientific, and Technical Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Arxcis is a privately held company specializing in crane inspection, load testing, and operator safety training. Established in 1999, the firm provides OSHA-accredited and WISHA-certified inspection services for construction, maritime, and industrial sectors. Arxcis is one of only a few companies in the U.S. authorized to certify cranes under federal regulations and offers both on-site and online training programs, including train-the-trainer courses and safety kits. The company also provides NCCER-accredited crane operator certification testing. Headquartered in Poulsbo, Washington, Arxcis serves clients across the U.S. and internationally, supporting compliance with safety standards and operational readiness for lifting equipment.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Educational Services - - Lorem Ipsum Jan 0000
Professional, Scientific, and Technical Services - $9.99 Lorem Ipsum Jan 0000

Property Taxes

Property Taxes

Parcel Number
232601-1-056-2009
Land Assessment
$589,398 CAD (2026)
Improvements Assessment
$3,548,334 CAD (2026)
Total Assessment
$4,137,732 CAD (2026)
  • Listing ID: 39421100

  • Date on Market: 2026-02-12

  • Last Updated:

  • Address: 1040 NE Hostmark St, Poulsbo, WA 98370

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