Warehouse Flex
For Sale
$199,000
117 S Scammel St, Aberdeen, WA 98520
Flexibly zoned building featuring a warehouse unit plus an office, storage, and bathroom room.
Property Size2,750 SF
Price / SF$72.36
Days on Market115
Property Features for 117 S Scammel St
General Information
Standard status
Active
Size
2,750 SF
Taxes and HOA fees
Annual Taxes
$1,245
Listing Agency:
Windermere RE/Aberdeen
Listed By:
Travis Jelovich
(360) 533-6464
Source:
Exprealty
Added: May 15
Changed: Aug 21
Last Checked: Sep 5 at 11:34AM
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
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,008
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$340,160
$340.2K
Cap Rate 7%
$242,971
$243.0K
Cap Rate 9%
$188,978
$189.0K
Market Conditions
NOI Build-Up for 2,750 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $29,601 @ 7.0% cap · market cap 14.87%
Second Best
Warehouse
$295.0K
$258.2K – $344.2K
NOI $20,653 @ 7.0% cap · market cap 10.38%
Theoretical Best
Office A
$758.1K
$663.3K – $884.4K
NOI $53,064 @ 7.0% cap · market cap 26.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
