13018 Newcastle Way

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13018 Newcastle Way

Newcastle, WA 98059
Asking Price
$2.50M
Asset Type
Medical Office Office
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Medical office asset listed for sale at $2,500,000.
  • Property features a total area of 2,698 square feet.
  • Located in the Newcastle area of King County, Washington.
  • Medical office layout supports varied healthcare or administrative uses.
  • Situated within a growing suburban submarket of the Seattle region.

What's Special

Priced at $2,500,000, this 2,698 square foot medical office building occupies a strategic position in Newcastle, Washington. The property serves the growing suburban landscape of the Seattle metro area, where demand for localized professional healthcare services continues to align with regional population density. This asset represents a functional space suited for clinical operations, specialist practices, or general administrative medical use. The surrounding Newcastle community features convenient access to major thoroughfares, facilitating patient and provider commutes throughout the Eastside corridor. Its footprint and layout provide an efficient environment for private practitioners looking to establish or expand their footprint within a stable suburban submarket. Investors and medical groups alike may find the building suitable for long-term utilization in a high-demand health service sector.

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NOI
$80,000
Cap Rate
3.20%
DSCR
0.54
Underwater
Cash-on-Cash
-9.12%
Monthly Payment
$12,368.636
Annual Cash Flow
$-68,423.631

Location & Travel Times