Leased Bainbridge Island Investment
For Sale
$458,000
12935 Islandcraft Lane Ne A5, Bainbridge Island, WA 98110
Fully leased coffee roaster space on Bainbridge Island.
Property Size1,254 SF
Price / SF$365.23
Days on Market213
Property Features for 12935 Islandcraft Lane Ne A5
General Information
Standard status
Active
Size
1,254 SF
Building Details
Year Built
2015
Listing Agency:
Windermere Commercial/ERES
Listed By:
Kelly Muldrow
(206) 949-3420
Source:
Navidirealty
Added: Mar 26
Changed: Oct 2
Last Checked: Oct 7 at 4:11PM
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
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Investment Insights
Based on property information with market context.
This investment opportunity is located on Bainbridge Island within the Island Craft Condominium project. The property is a 1,254 square foot space that is currently fully leased to a coffee roaster with a long-term lease.
Key Highlights
- Prime investment opportunity on Bainbridge Island.
- Fully leased space provides immediate income.
- Tenant is a well‑established coffee roaster.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,270
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,400
$585.4K
Cap Rate 7%
$418,143
$418.1K
Cap Rate 9%
$325,222
$325.2K
Market Conditions
NOI Build-Up for 1,254 SF
Gross rent
$41.1K $32.76/SF
− Vacancy
−$2.1K −$1.64/SF
EGI
$39.0K $31.12/SF
− OpEx
−$9.8K −$7.78/SF
NOI
$29.3K $23.34/SF
Area
Kitsap County, WA
Vacancy
5.00%
Lease Rate
$32.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,400
Cap Rate 7%
$418,143
Cap Rate 9%
$325,222
Alternative Uses
Best Use
Specialty Retail
$418.1K
$365.9K – $487.8K
NOI $29,270 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 98110, WA
24,825
Population
10,728
Households
2.3
Avg Household Size
51
Median Age
75%
College-Educated
99%
High-School Grad
27.6 sq mi
ZIP Area
899
Density / Sq Mi
$159,882
Median Household Income
$77,528
Median Earnings
$2,081
Median Rent
$1,076,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Storyville Coffee Company — 9459 Coppertop Loop NE, Bainbridge Island, WA 98110
Frequently Asked Questions
What type of property is this?
Coffee shop - Fully leased coffee roaster space on Bainbridge Island.
Where is this coffee shop located?
The property is located at 12935 Islandcraft Lane Ne A5 Bainbridge Island, WA.
What is the asking price?
The asking price for this property is $458,000.
What are key features of this property?
This property features: Prime investment opportunity on Bainbridge Island.; Fully leased space provides immediate income.; Tenant is a well‑established coffee roaster.
