5246 Olympic Drive: As this building is owner occupied, there is no current lease. The total building sqft is ~6,600. Current market rent comps for office space in Gig Harbor range from ~$17-25/sqft/yr, making a high side annual Gross income of $165,000 to a low side Gross income of $112,200. Based on current actual expenses, annual NOI ranges would be in the neighborhood of $139,355 - $85,554.33 Average Monthly Utilities (from 2024 actuals): We currently share a 2yd dumpster and 2yd recycling bin. I would estimate our share to be ~ $180/mo. Water: $20.54 Garbage: $180 Electricity: 606.96/mo (avg. based on 2024) Sewer: $209.80 (average based on usage) Total Monthly Utilities: $1017.30 Property Taxes: $8,500.07 Share of development insurance expense: ~$500 (annual not monthly) Annual Insurance Premium: $4,438.00 Building Roof - We just replaced the back slope of the building (the side opposite the parking lot). This was done last year. The recommendation from our contractor was that the front half was still in good condition with lots of life left. As for 5356, we have not done anything with the roof while we’ve owned it and have never had issues.The roof is maintained biennially by Harbor Roof and Gutter for regular cleaning and maintenance. We've outgrown our building! Commercial Building For Sale By Owner 5246 Olympic Drive NW Gig Harbor, WA 98335 For Sale by Owner – Prime Commercial Property in the Heart of Gig Harbor 5246 Olympic Drive, Gig Harbor, WA 98335 Price: $2,005,000 Square Footage: 6,600 Parking: 22 stalls including 1 accessibility stall. Contact: Michelle - 206-409-3962 Michelle@baileyandbailey.com Exceptional Off-Market Commercial Opportunity in Gig Harbor! Looking for the perfect low maintenance commercial investment property or high visibility location for your business? This highly visible, well-located, and low-maintenance commercial property is available for sale in the Olympic Executive Suites development within the vibrant Uptown community of Gig Harbor. Situated directly on Olympic Drive with high daily traffic counts and excellent accessibility, this versatile property is ideal for retail, office, medical, or mixed-use. The building will be vacant and ready for you to move in or begin leasing. There are no HOA/development community dues besides insurance for the development that each building shares in cost. Key Features: Prime location with excellent street frontage and signage potential Flexible interior layout suitable for a variety of business types. ADA ramp. Two story well-maintained building with private offices, reception area, kitchen/break rooms, and four restrooms. Ample on-site parking for clients and staff Zoned RB-2 – allowing for a wide range of business and professional uses Minutes from Highway 16, Uptown Gig Harbor, and the historic waterfront district Surrounded by established businesses, dining, and shopping This is a rare chance to invest off-market in commercial property in Gig Harbor's Uptown community. Whether you're expanding your business, launching a new venture, or looking for a solid investment, this property checks all the boxes. Showings by appointment only. Serious inquiries only, please. Contact Michelle for more details. 206-409-3962 Michelle@baileyandbailey.com–