Building Details

Year Built 1981

Listing Agency: Windermere RE/Aberdeen

Listed By: Travis Jelovich Show Phone

Source: Hanshagmeier

Added: Jul 21 Changed: Oct 25 Last Checked: Oct 7 at 5:13PM

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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 Windermere RE/Aberdeen

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This commercially zoned building totals over 2,750 square feet and is currently configured as two separate spaces. One portion functions as a warehouse, while the other includes a bathroom room along with office and storage areas.

Additional property on-site may allow for expansion of the building, as well as added parking or storage, depending on the project requirements.

Ideal for buyers seeking a warehouse-flex setup with space that can be used for back-office and storage alongside warehouse operations, with room to grow within the additional land area.

Key Highlights

• Commercially zoned building with over 2,750 SF of space
• Currently configured as two spaces: a warehouse area plus an office, storage, and bathroom room
• Includes an additional property that may allow for expansion, parking, or storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,008

Cap Rate

8.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$340,160 $340.2K

Cap Rate 7%

$242,971 $243.0K

Cap Rate 9%

$188,978 $189.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,750 SF

Gross rent

$26.1K $9.48/SF

− Vacancy

−$1.8K −$0.64/SF

EGI

$24.3K $8.84/SF

− OpEx

−$7.3K −$2.65/SF

NOI

$17.0K $6.18/SF

Area

Grays Harbor County, WA

Vacancy

6.80%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$340,160

Cap Rate 7%

$242,971

Cap Rate 9%

$188,978

Alternative Uses

Best Use

Flex RnD

$422.9K

$370.0K – $493.4K (±1% cap)

NOI $29,601 @ 7.0% cap · market cap 14.87%

Second Best

Warehouse

$295.0K

$258.2K – $344.2K (±1% cap)

NOI $20,653 @ 7.0% cap · market cap 10.38%

Theoretical Best

Office A

$758.1K

$663.3K – $884.4K (±1% cap)

NOI $53,064 @ 7.0% cap · market cap 26.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Parking Lot & Garage Carpet & Flooring Store Locksmith Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

403

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 98520, WA

24,086

Population

9,333

Households

2.6

Avg Household Size

41

Median Age

14%

College-Educated

89%

High-School Grad

217.5 sq mi

ZIP Area

111

Density / Sq Mi

$59,744

Median Household Income

$34,591

Median Earnings

$1,034

Median Rent

$237,000

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Flexibly zoned building featuring a warehouse unit plus an office, storage, and bathroom room.

Where is this flex space located?

The property is located at 117 S Scammel St Aberdeen, WA.

What is the asking price?

The asking price for this property is $199,000.

What are key features of this property?

This property features: Commercially zoned building with over 2,750 SF of space; Currently configured as two spaces: a warehouse area plus an office, storage, and bathroom room; Includes an additional property that may allow for expansion, parking, or storage