Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    26119 Calvary Ln NE Kingston, WA 98346

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,465,000

    Five light-industrial warehouses and three pre-approved lots for sale.

    Type:Commercial
    Property size:
    33,050 SF
    Price / SF:
    $135/SF
    Added:
    Jan 26, 2025
    Days on Market:
    459
    Last Refresh:
    Apr 5 at 8:53 pm

    Property Features for 26119 Calvary Ln NE

    General Information

    Standard status
    Active
    Size
    33,050 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2001

    We can help!

    Listing Contact
    KELLY MULDROW, CCIM

    Listing agent KELLY MULDROW, CCIM

    Listing office WINDERMERE COMMERCIAL / ERES

    Listing date Jan 26, 2025

    Source Corcoran

    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

    Overview

    Kingston Industrial Park Investment Opportunity

    This investment opportunity features five light-industrial warehouse buildings and three undeveloped lots located in the Arbor Business Park. The five buildings, encompassing 33050 square feet, generate a net operating income of $307,000, reflecting a capitalization rate of 6.88%. The three vacant lots are fully serviced and pre-approved for development. The Arbor Business Park project was designed with quality and sustainability in mind, and has been recognized with awards for its construction and environmentally-friendly building methods and materials. Arbor Business Park is a 2001 binding site plan and designates each building and lot with its own tax parcel. The buyer may sell one or more buildings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Department Store Kitchen & Bath Showroom HVAC Service Storage Facility Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    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
    -122.579
    Latitude
    47.8015

    Nearby Similar for Sale

    • $1,150,000

      Kingston Developable Land For Sale

      Developable land in downtown Kingston, near ferry terminal.
      25829 Ohio Ave NE, Kingston, WA
      View Details
    • $859,500
      1,565,982 SF

      35.95 Acres of Timberland

      35.95 acres of wooded timberland in a desirable area.
      11212 Hwy 104, Kingston, WA 98346
      View Details
    • $375,000

      Hood Canal Waterfront Land

      Waterfront lot with views and community amenities near Kingston.
      35275 Hood Canal Drive NE #29, Kingston, WA 98346
      View Details
    • $289,000

      Golf Course View Land

      Land in White Horse Golf Community with golf course views.
      22821 Singingwood Pl Ne, Kingston, WA, 98346-8244
      View Details
    • $2,295,000

      Kingston Land for Development

      7.9 acres in Kingston ready for development.
      26516 Lindvog Rd N E #100, Kingston, WA 98346
      View Details
    • $4,465,000

      Income-Producing Industrial Buildings For Sale

      Five industrial buildings with development options in North Kitsap.
      26119 Calvary Lane NE, Kingston, WA 98346
      View Details
    • $275,000

      Established Business For Sale

      Forty-year established business with equipment, inventory, and client list.
      8264 Ne State Highway 104, Kingston, WA, 98346-9445
      View Details
    • $449,000

      Waterfront Land on Presidents Point

      Serene 0.70-acre waterfront lot with 50 feet of shoreline.
      20818 President Point Road NE, Kingston, WA 98346
      View Details
    • $1,250,000
      2,594 SF

      Kingston Commercial Property with ROI

      Two buildings with four tenant-occupied spaces in Kingston, Washington.
      25960 Central Avenue NE, Kingston, WA 98346
      View Details
    • $230,000

      Two Build-Ready Lots in Kingston

      Two ready-to-build lots with approved permits and building plans.
      24115 Madura Drive, Kingston, WA 98346
      View Details
    • $299,950

      Waterfront Lot in Kingston

      1.22-acre waterfront lot with 114 feet of sandy shoreline.
      28095 Sandy Beach Lane #19, Kingston, WA 98346
      View Details
    • $175,000

      Eglon Acreage Building Opportunity

      Acreage in Eglon with mixed forest, near community beach.
      32428 Hoffman Road, Kingston, WA 98346
      View Details

    FAQs

    What type of property is this?
    Warehouse - Five light-industrial warehouses and three pre-approved lots for sale.
    Where is this warehouse located?
    The property is located at 26119 Calvary Ln NE Kingston, WA.
    What is the asking price?
    The asking price for this property is $4,465,000.
    What are key features of this property?
    This property features: Established light‑industrial warehouse buildings with existing NOI of $307,000 and a 6.88% CAP rate.; Three fully serviced vacant lots pre‑approved for development, offering immediate expansion potential.; Located in the well‑established Arbor Business Park.
    We can help!
    Listing Contact
    KELLY MULDROW, CCIM
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!