Snoqualmie Warehouse and Industrial
For Sale
Contact for pricing
Pending
7926 Bracken Place SE, Snoqualmie, WA 98065
134,700 sqft warehouse and industrial property for sale.
Property Size134,700 SF
Days on Market210
Property Features for 7926 Bracken Place SE
General Information
Standard status
Pending
Size
134,700 SF
Total Parking Spaces
205
Property subtype
Industrial
Investment Type
Owner/User
Building Details
Year Built
2013
Buildings
2
Stories
2
Listing Agency:
Kidder Mathews Bellevue
(425) 454-7040
Listed By:
Colton Teglovic · License #132032
Source:
Crexi
Added: Jan 23
Changed: Aug 8
Last Checked: Aug 20 at 7:00PM
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 Kidder Mathews Bellevue
Investment Insights
Based on property information with market context.
This commercial real estate offering features a 134,700 square foot property suitable for warehouse and industrial use. The property is currently for sale.
Key Highlights
- Built in 2013 (relatively new construction)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,645,018
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$32,900,360
$32.9M
Cap Rate 7%
$23,500,257
$23.5M
Cap Rate 9%
$18,277,978
$18.3M
Market Conditions
NOI Build-Up for 134,700 SF
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.
Gross rent
$2.10M $15.60/SF
− Vacancy
−$166.0K −$1.23/SF
EGI
$1.94M $14.37/SF
− OpEx
−$290.3K −$2.16/SF
NOI
$1.65M $12.21/SF
Area
King County, WA
Vacancy
7.90%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$32,900,360
Cap Rate 7%
$23,500,257
Cap Rate 9%
$18,277,978
Alternative Uses
Best Use
Warehouse
$23.50M
$20.56M – $27.42M
NOI $1,645,018 @ 7.0% cap · market cap 5.31%
Second Best
Industrial
$19.35M
$16.93M – $22.58M
NOI $1,354,721 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$53.95M
$47.21M – $62.94M
NOI $3,776,557 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98065, WA
16,292
Population
5,681
Households
2.9
Avg Household Size
36
Median Age
64%
College-Educated
99%
High-School Grad
70.4 sq mi
ZIP Area
231
Density / Sq Mi
$182,132
Median Household Income
$94,019
Median Earnings
$3,052
Median Rent
$890,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Snoqualmie Ridge Storage — 35501 SE Douglas St, Snoqualmie, WA 98065
Frequently Asked Questions
What type of property is this?
Warehouse - 134,700 sqft warehouse and industrial property for sale.
Where is this warehouse located?
The property is located at 7926 Bracken Place SE Snoqualmie, WA.
What is the asking price?
The asking price for this property is $31,000,000.
What are key features of this property?
This property features: Built in 2013 (relatively new construction)
