Small Industrial Building with
For Sale
Contact for pricing
112 E Willis St, Kent, WA 98032
Grade-level loading, 15' ceilings, and a small secure yard support flexible industrial use with office space on site.
Property Size1,860 SF
Price / SF$430.11
Days on Market119
Property Features for 112 E Willis St
General Information
Standard status
Active
Size
1,860 SF
Property subtype
INDUSTRIAL
Listing Agency:
The Andover Company, Inc.
(206) 336-5331
Listed By:
Arne Svendsen
(206) 336-5331
Source:
Moodyscre
Added: Apr 4
Changed: Jul 25
Last Checked: Jul 30 at 7:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Andover Company, Inc.
Investment Insights
Based on property information with market context.
This small industrial building offers 1,860 square feet total, including approximately 300 square feet of office space with A/C. The property features a grade-level drive-in loading door with a 10-foot height clearance and approximately 15-foot ceiling height. A small secure yard is included, along with six on-site parking spaces.
The listing notes retail potential and describes the area as having a high traffic count. Flexible zoning is indicated as CM2.
Access and building use are designed around practical, level loading, with office space for administrative needs. The tenant is currently in place, and the listing directs that the tenant not be disturbed.
The listing notes retail potential and describes the area as having a high traffic count. Flexible zoning is indicated as CM2.
Access and building use are designed around practical, level loading, with office space for administrative needs. The tenant is currently in place, and the listing directs that the tenant not be disturbed.
Key Highlights
- 1,860 SF industrial building with 300 SF office with A/C
- Grade‑level drive‑in loading door with 10 ft clearance
- 15 ft ceiling height
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.8k | $21.96 |
| − Vacancy | −$2.9k | −$1.54 |
| EGI | $38.0k | $20.42 |
| − OpEx | −$13.3k | −$7.15 |
| NOI | $24.7k | $13.27 |
1,860 SF · lease $21.96/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$352.7K
$308.6K – $411.5K
NOI $24,691 @ 7.0% cap · market cap 3.09%
Second Best
Industrial
$253.3K
$221.7K – $295.6K
NOI $17,733 @ 7.0% cap · market cap 2.22%
Theoretical Best
Office A
$697.0K
$609.9K – $813.2K
NOI $48,792 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,652
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 98032, WA
38,744
Population
15,639
Households
2.5
Avg Household Size
35
Median Age
28%
College-Educated
84%
High-School Grad
17.0 sq mi
ZIP Area
2,279
Density / Sq Mi
$77,413
Median Household Income
$46,105
Median Earnings
$1,782
Median Rent
$473,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- ENW Catering — 202 W Gowe St, Kent, WA 98032
- The Social Sipstir — Kent, WA 98032
- MAY21 catering — 202 W Gowe St, Kent, WA 98032
Frequently Asked Questions
What type of property is this?
Flex space - Grade-level loading, 15' ceilings, and a small secure yard support flexible industrial use with office space on site.
Where is this flex space located?
The property is located at 112 E Willis St Kent, WA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 1,860 SF industrial building with 300 SF office with A/C; Grade‑level drive‑in loading door with 10 ft clearance; 15 ft ceiling height
