Leased Bainbridge Island Investment
12935 Islandcraft Ln NE Bainbridge Island, WA 98110
For Sale
Contact for pricing
Fully leased coffee roaster space on Bainbridge Island.
Property Size1,254 SF
Price / SF$357.89
Days on Market903
Property Features for 12935 Islandcraft Ln NE
General Information
- Standard status
- Active
- Size
- 1,254 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2015
Listing Agency:
Windermere Real Estate/West Sound
(360) 692-6102
Listed By:
Kelly Muldrow · License #WA
Source:
Crexi
Added: Feb 1, 2024
Changed: Jul 6
Last Checked: Jul 22 at 6:27PM
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 Real Estate/West Sound
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 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 |
1,254 SF · lease $32.76/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$418.1K
$365.9K – $487.8K
NOI $29,270 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Coffee shops
Similar Off Market Nearby
- Storyville Coffee Company — 9459 Coppertop Loop NE, Bainbridge Island, WA 98110
FAQs
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 Ln NE Bainbridge Island, WA.
What is the asking price?
The asking price for this property is $448,800.
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.
