5805 NE Minder Rd, Poulsbo, WA

Listing Agency: KW Commercial Greater 360 Show Phone

Listed By: Joey Soller · License #109285 Show Phone

Source: Moodyscre

Added: Oct 3, 2025 Changed: Aug 11 Last Checked: Aug 25 at 4:47AM

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Investment Insights

Based on property information with market context.

This 8,000 square foot warehouse, constructed in 1992, is situated on 0.78 acres. The building features an 18-foot clear height, four 8-foot wide by 10-foot high drive-in doors, and a 456 square foot mezzanine. A new septic system has been installed. The site provides a parking ratio of 2.3 per 1,000 square feet. Located along the Highway 104 corridor, the property offers immediate access to Highway 305, Poulsbo, Kingston, Bainbridge Island, and Winslow Ferry service to Seattle, creating a commuter-friendly hub for regional operations. The zoning is Rural Employment Center (REC), which allows a wide array of employment uses including trades, fabrication, warehousing, assembly, and service-based business. Caretaker’s dwelling provisions may also apply. This property is suitable for contractors, service providers, or owner-users who need warehouse space in Kitsap County.

Key Highlights

• Rare 8,000 SF warehouse space in Kitsap County.
• Strategic location along Hwy 104 with immediate access to Hwy 305, Poulsbo, Kingston, Bainbridge Island, and Winslow Ferry.
• Zoning allows a wide array of employment uses (Rural Employment Center - REC).

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$60,098

Cap Rate

5.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,201,960 $1.2M

Cap Rate 7%

$858,543 $858.5K

Cap Rate 9%

$667,756 $667.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,000 SF

Gross rent

$72.0K $9.00/SF

− Vacancy

−$1.3K −$0.16/SF

EGI

$70.7K $8.84/SF

− OpEx

−$10.6K −$1.33/SF

NOI

$60.1K $7.51/SF

Area

Kitsap County, WA

Vacancy

1.80%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,201,960

Cap Rate 7%

$858,543

Cap Rate 9%

$667,756

Alternative Uses

Best Use

Warehouse

$858.5K

$751.2K – $1.00M (±1% cap)

NOI $60,098 @ 7.0% cap · market cap 5.01%

Second Best

Industrial

$707.0K

$618.7K – $824.9K (±1% cap)

NOI $49,493 @ 7.0% cap · market cap 4.12%

Theoretical Best

Specialty Retail

$2.67M

$2.33M – $3.11M (±1% cap)

NOI $186,732 @ 7.0% cap · market cap 15.56%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Warehouses

Suggested Use

Top Pick HVAC Service Grocery & Convenience Store Law Firm Electrical Service Cafe & Coffee Shop (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

136

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Similar Off Market Nearby

• United Business Park & Storage — 26139 United Rd NE, Kingston, WA 98346
• Minder Storage — 6101 NE Minder Rd, Poulsbo, WA 98370
• Kingston Vault Self Storage — 26909 WA-104 NE, Kingston, WA 98346

Frequently Asked Questions

What type of property is this?

Warehouse - 8,000 SF warehouse with easy access to major highways.

Where is this warehouse located?

The property is located at 5805 NE Minder Rd Poulsbo, WA.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Rare 8,000 SF warehouse space in Kitsap County.; Strategic location along Hwy 104 with immediate access to Hwy 305, Poulsbo, Kingston, Bainbridge Island, and Winslow Ferry.; Zoning allows a wide array of employment uses (Rural Employment Center - REC).