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

    26287 12 Trees Ln NW Poulsbo, WA

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,180,000

    High-functioning warehouse space suitable for e-commerce, distribution, or industrial teams.

    Type:INDUSTRIAL
    Property size:
    24,246 SF
    Lot size:
    1.73 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    128
    Last Refresh:
    Mar 30 at 11:27 pm

    Property Features for 26287 12 Trees Ln NW

    General Information

    Standard status
    Active
    Size
    24,246 SF
    Lot size
    1.73 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Kelly Muldrow, CCIM
    Kelly Muldrow, CCIM

    Listing agent Kelly Muldrow, CCIM

    Listing office Windermere Commercial / ERES

    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 Windermere Commercial / ERES

    Overview

    Scalable Warehouse Space Available

    Located in Twelve Trees Industrial Park, this property offers 11,000 to 24,000 square feet of contiguous warehouse space, suitable for e-commerce fulfillment, regional distribution, or expanding industrial teams. The property is purpose-built for modern warehousing, featuring clear spans and generous overhead volume, making it ideal for pallet racking or mezzanine configurations. Efficient bay spacing and flexible layouts allow for adaptation as needs evolve. The location provides easy access to WA-3 and the Kingston ferry, streamlining service to Kitsap, Bainbridge Island, and the Olympic Peninsula. Twelve Trees Industrial Park offers a blend of industrial scale and Northwest character, combining robust utility infrastructure, including fiber, within a well-managed business park setting. The park is home to a diverse community of tradespeople, innovators, and entrepreneurs. Flexible lease terms and swift occupancy timelines are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Kitchen & Bath Showroom Storage Facility Garden Center Electrical Service Electronics & Wireless Store Grocery & Convenience Store Cafe & Coffee Shop

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

    Similar Places Nearby

    • Twelve Trees Self Storage — 26265 12 Trees Ln NW #101, Poulsbo, WA 98370

    Location Insight

    • Map
    • Local Demand
    City
    Poulsbo
    County
    Kitsap
    State
    Washington
    Longitude
    -122.656
    Latitude
    47.7995

    Nearby Similar for Sale

    • $1,300,000
      8,000 SF

      Functional Warehouse in Strategic Location

      8,000 SF warehouse with easy access to major highways.
      5805 NE Minder Rd, Poulsbo, WA
      View Details
    • $3,100,000
      903 SF

      Poulsbo Office Space Available

      903 SF office space near Hwy 305 and downtown.
      1040 NE Hostmark St, Poulsbo, WA
      View Details
    • $1,370,000
      8,000 SF

      New Construction Warehouse and Office

      Under construction warehouse with office space and flexible design.
      26245 Pioneer NW, Poulsbo, WA
      View Details
    • $3,679,076
      10,010 SF

      Retail Property in Poulsbo, WA

      Retail property with 10,010 square feet of space.
      20370 Viking Ave NW, Poulsbo, WA
      View Details
    • $2,200,000

      Poulsbo NNN Investment Opportunity

      Long-term NNN lease with rental increases in income tax-free state.
      20250 7th Ave NE, Poulsbo, WA 98370
      View Details
    • $4,200,000
      10,400 SF

      Two Office Buildings For Sale

      Two office buildings totaling 18,662 SF on 0.94 acres.
      19660 10th Ave NE, Poulsbo, WA
      View Details

    FAQs

    What type of property is this?
    Warehouse - High-functioning warehouse space suitable for e-commerce, distribution, or industrial teams.
    Where is this warehouse located?
    The property is located at 26287 12 Trees Ln NW Poulsbo, WA.
    What is the asking price?
    The asking price for this property is $4,180,000.
    What are key features of this property?
    This property features: Scalable warehouse space: **11,000–24,000 SF of contiguous space.**; Purpose‑built for modern warehousing with clear spans and generous overhead volume.; Easy access to WA‑3 and the Kingston ferry.
    (206) 949-3420
    We can help!
    Listing Contact
    Kelly Muldrow, CCIM
    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!