Listed by Mary Matthew, Windermere RE/South Whidbey
- Commercial Industrial
- Type
- 1978
- Year built
- 11,761 sq ft
- Lot
- 679
- Days on market
About this property
Prime location in Freeland. Solid business occupy three spaces Farmers Insurance, Chicago Title and Poptop World. This commercial building is in an excellent location and fully leased. The going rate for these offices is $2.00 per square foot. The tenants are stable and long term. The cap rate for this building is 8%. The building itself is in excellent condition. A new roof has been scheduled to be completed in the summer of 2026. This is an excellent investment!
Location & commute
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Jeff's Neighborhood Guide
Get to know the South Whidbey Island area
Jeff's Seattle & Eastside Neighborhood Guide profiles 70 communities: the streets, shorelines, parks, markets, and local places that define each one. It is editorial, separate from the MLS listing data above.
Property details
Listing details
- Listing number
- #2309044
- Listed
- November 15, 2024
- Days on market
- 679
Construction
- Year built
- 1978
- Style
- 73 - Office
- Structure
- Office
- Roof
- Metal
Heating & cooling
- Heating
- Heat Pump
- Cooling
- Central AirWall Unit(s)
- Energy source
- Electric
Flooring
- Flooring
- Ceramic TileVinylCarpet
Lot
- Lot size
- 11,761 sq ft
Terms
- Terms offered
- Conventional
Utilities
- Water
- Freeland Water
- Sewer
- Septic Tank
- Power
- PSE
What stands out to you?
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- Office
- Metal
- Heat Pump
- Central Air
- Wall Unit(s)
- Electric
- Ceramic Tile
- Vinyl
- Carpet
- Conventional
- Septic Tank
Listing history
Listed
$695,000
November 15, 2024
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$4,047
- Principal & interest
- $3,514
- Property tax (est.)
- $533
Assumes $139,000 down (20%), a $556,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
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Based on information submitted to the MLS GRID as of October 12, 2026 at 2:15 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.