26119 Calvary Ln NE, Kingston, WA 98346
Five light-industrial warehouses and three pre-approved lots for sale.
- Added:
- Jan 26, 2025
- Days on Market:
- 504
- Last Refresh:
- May 10 at 9:24 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
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
HighLights
- 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.
- Award‑winning design emphasizing quality and sustainability.
- Each building and lot has its own tax parcel, allowing for individual sale.
- Built in 2001.
Overview
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 |
Alternative Uses
Current Use by Public Records
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
