Light-Industrial Warehouses & Land
26119-26135 Calvary Ln NE, Kingston, WA
Call to check price and availability
Five light-industrial warehouses and three pre-approved development lots for sale.
Type:INDUSTRIAL
Property size:
33,050 SFLot size:
5.17 AcresPrice / SF:
$137/SF- Added:
- Nov 24, 2025
- Days on Market:
- 188
- Last Refresh:
- May 20 at 9:27 pm
Property Features for 26119-26135 Calvary Ln NE
General Information
- Standard status
- Active
- Size
- 33,050 SF
- Lot size
- 5.17 Acres
- Property subtype
- INDUSTRIAL
Listing agent Raymond Vara (206) 584-6195
Listing office Northmarq Commercial, LLC (206) 584-6195
Listing date Nov 24, 2025
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 Northmarq Commercial, LLC
HighLights
- Significant income potential with existing buildings producing an NOI of $307,000 at a 6.88% CAP rate.
- Three fully serviced and pre‑approved vacant lots offer immediate development opportunities.
- Flexibility to sell buildings or lots individually due to the binding site plan.
- Convenient location with easy access to Kingston and Poulsbo, and major regional transportation routes.
- Award‑winning design and construction emphasizing quality and sustainability.
- Potential for expansion or tailored new construction for future users.
Overview
This investment opportunity features five light-industrial warehouse buildings and three undeveloped lots located in the Arbor Business Park. The five buildings, encompassing 33,050 square feet, currently generate an NOI of $307,000 at a CAP rate of 6.88%. The three vacant lots are fully serviced and pre-approved for development. The project has received awards for its construction and environmentally-friendly building methods and materials. Arbor Business Park designates each building and lot with its own tax parcel, allowing a buyer to sell individual buildings or lots. This flexibility allows an owner/user to expand as needed and enables an investor to tailor new construction for a future long-term user. Situated approximately 12 minutes from both Kingston and Poulsbo, the property benefits from convenient access to major regional transportation routes in North Kitsap County. This location offers infrastructure to support investment goals.
Local Financial Insights For Warehouse
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 | $297.5k | $9.00 |
| − Vacancy | −$5.4k | −$0.16 |
| EGI | $292.1k | $8.84 |
| − OpEx | −$43.8k | −$1.33 |
| NOI | $248.3k | $7.51 |
33,050 SF · lease $9.00/SF/yr · vacancy 1.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.55M
$3.10M – $4.14M
NOI $248,282 @ 7.0% cap · market cap 5.46%
Second Best
Industrial
$2.92M
$2.56M – $3.41M
NOI $204,467 @ 7.0% cap · market cap 4.50%
Theoretical Best
Specialty Retail
$11.02M
$9.64M – $12.86M
NOI $771,437 @ 7.0% cap · market cap 16.97%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Commercial land
Similar Places Nearby
- United Business Park & Storage — 26139 United Rd NE, Kingston, WA 98346
- Kingston Vault Self Storage — 26909 WA-104 NE, Kingston, WA 98346
- Minder Storage — 6101 NE Minder Rd, Poulsbo, WA 98370
Location Insight
- Map
- Local Demand
- City
- Kingston
- County
- Kitsap
- State
- Washington
- Longitude
- -122.5787399
- Latitude
- 47.80147
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - Five light-industrial warehouses and three pre-approved development lots for sale.
Where is this warehouse located?
The property is located at 26119-26135 Calvary Ln NE Kingston, WA.
What is the asking price?
The asking price for this property is $4,545,000.
What are key features of this property?
This property features: Significant income potential with existing buildings producing an NOI of $307,000 at a 6.88% CAP rate.; Three fully serviced and pre‑approved vacant lots offer immediate development opportunities.; Flexibility to sell buildings or lots individually due to the binding site plan.
