12935 Islandcraft Ln NE, Bainbridge Island, WA
Leased coffee roaster space on Bainbridge Island.
- Added:
- Dec 1, 2023
- Days on Market:
- 925
- Last Refresh:
- May 20 at 8:02 pm
Property Features for 12935 Islandcraft Ln NE
General Information
- Standard status
- Active
- Size
- 1,254 SF
- Lot size
- 1.47 Acres
- Property subtype
- INDUSTRIAL
Listing agent Kelly Muldrow, CCIM (206) 949-3420
Listing office Windermere Commercial / ERES (206) 949-3420
Listing date Dec 1, 2023
Source Moodyscre
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 Commercial / ERES
HighLights
- Prime investment opportunity.
- Fully leased space provides immediate income.
- Long‑term lease commitment from tenant.
- Tenant is a well‑established coffee roaster.
- Located in the Island Craft Condominium project.
- Situated on Bainbridge Island.
Overview
Local Financial Insights For Specialty Retail
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 | $41.1k | $32.76 |
| − Vacancy | −$2.1k | −$1.64 |
| EGI | $39.0k | $31.12 |
| − OpEx | −$9.8k | −$7.78 |
| NOI | $29.3k | $23.34 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bainbridge Island
- County
- Kitsap
- State
- Washington
- Longitude
- -122.543
- Latitude
- 47.6458
