Office and Warehouse Commercial
For Sale
Contact for pricing
8016-8026 bracken Pl SE Snoqualmie, Snoqualmie, WA 98065
Commercial condos with office, warehouse, and storage space for sale.
Property Size9,400 SF
Price / SF$338.31
Days on Market339
Property Features for 8016-8026 bracken Pl SE Snoqualmie
General Information
Standard status
Active
Size
9,400 SF
Property subtype
Industrial, Office
Building Details
Year Built
2007
Stories
2
Tenancy
Multi
Listing Agency:
Ayers Commercial Group
(206) 600-9294
Listed By:
Jeff Ayers · License #WA 105705
Source:
Crexi
Added: Sep 17, 2025
Changed: Aug 14
Last Checked: Aug 20 at 3:04PM
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 Ayers Commercial Group
Investment Insights
Based on property information with market context.
Four adjacent commercial condos offer a combination of office and warehouse space. The property includes 6,370 square feet of office space, 2,464 square feet of warehouse space, and 566 square feet of storage space. The units feature high-end finishes with contemporary metal and glass offices. The warehouse area is equipped with 3-phase power, a 20-foot clear height, an insulated grade-level door with windows, and skylights to provide natural light. The total property size is 9,400 square feet.
Key Highlights
- Total of 6,370 sq ft of office, 2,464 sq ft of warehouse, and 566 sq ft of storage space.
- High‑end finishes with contemporary metal and glass offices.
- Warehouse with 20‑foot clear height.
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
$134,952
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
4.24%
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%
$2,699,040
$2.7M
Cap Rate 7%
$1,927,886
$1.9M
Cap Rate 9%
$1,499,467
$1.5M
Market Conditions
NOI Build-Up for 9,400 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
$258.9K $27.54/SF
− Vacancy
−$51.3K −$5.45/SF
EGI
$207.6K $22.09/SF
− OpEx
−$72.7K −$7.73/SF
NOI
$135.0K $14.36/SF
Area
King County, WA
Vacancy
19.80%
Lease Rate
$27.54 /SF/Yr
Expense Ratio
35.00%
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%
$2,699,040
Cap Rate 7%
$1,927,886
Cap Rate 9%
$1,499,467
Alternative Uses
Best Use
Flex RnD
$1.93M
$1.69M – $2.25M
NOI $134,952 @ 7.0% cap · market cap 4.24%
Second Best
Industrial
$1.35M
$1.18M – $1.58M
NOI $94,539 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$3.76M
$3.29M – $4.39M
NOI $263,546 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
486
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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Frequently Asked Questions
What type of property is this?
Flex space - Commercial condos with office, warehouse, and storage space for sale.
Where is this flex space located?
The property is located at 8016-8026 bracken Pl SE Snoqualmie Snoqualmie, WA.
What is the asking price?
The asking price for this property is $3,180,140.
What are key features of this property?
This property features: Total of 6,370 sq ft of office, 2,464 sq ft of warehouse, and 566 sq ft of storage space.; High‑end finishes with contemporary metal and glass offices.; Warehouse with **20‑foot clear height.**
