Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    12935 Islandcraft Ln Bainbridge Island, WA 98110

    Sponsored
    For Sale
    $438,800

    Multi-tenant industrial condo, high ROI.

    Property size:
    23,058 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fully leased, multi-tenant industrial condominium complex situated on Bainbridge Island, Washington. The property, comprised of three buildings totaling 23,058 square feet across 15 units, boasts a desirable location at 12935 Islandcraft Ln NE, 98110, within the sought-after Island Craft Condominium project. Built in 2015, the two-story structures sit on a 1.47-acre lot (APN 8207-000-000-0004) and are zoned for CITY use. The property's net rentable area is 1,254 square feet, with a current asking price of $438,800 and a strong 5.18% cap rate. The current Net Operating Income (NOI) stands at $22,714, reflecting a stable and profitable investment. The property is currently under a triple net (NNN) lease arrangement. This prime location offers significant potential for long-term growth and return on investment, making it an attractive proposition for discerning investors seeking a well-established, multi-tenant industrial property in a desirable market. The property's subtype is classified as Distribution and Manufacturing, reflecting its versatility and suitability for a range of industrial uses.

    Property Features for 12935 Islandcraft Ln

    General Information

    Property type
    Manufacturing properties
    Square Feet
    23,058 SF
    Lot Size
    64,033 SF

    Building Details

    Year Built
    2015
    Buildings
    3
    Stories
    2
    Units
    15

    HighLights

    • Fully leased, 15‑unit industrial condo complex on Bainbridge Island, WA.
    • 23,058 square feet across three buildings on a 1.47‑acre lot.
    • Located at 12935 Islandcraft Ln NE, 98110, within the Island Craft Condominium project.
    • Built in 2015, zoned CITY, with a 1,254 sq ft net rentable area.
    • $438,800 asking price, 5.18% cap rate, $22,714 NOI, triple‑net lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bainbridge Island
    County
    Kitsap
    State
    Washington
    Longitude
    -122.5462497
    Latitude
    47.6798346

    Nearby Similar for Sale

    • $1,088,000
      2,889 SF

      Bainbridge Island Standalone Office Building

      2,889 SF standalone office building in downtown Bainbridge Island.
      250-284 Madrona Way NE, Bainbridge Island, WA 98110
      View Details
    • $998,000
      1,457 SF

      Refined Winslow Way Boutique Residence

      Boutique living near Winslow Way, steps from Seattle Ferry.
      400 Winslow Way E, Bainbridge Island, WA 98110
      View Details
    • $1,088,000
      2,889 SF

      Downtown Bainbridge Island Standalone Office

      2,889 SF office building in Bainbridge Island's downtown core.
      250 Madrona Way NE, Bainbridge Island, WA 98110
      View Details
    • $1,960,000

      Rolling Bay Retail Center Investment

      Multi-tenant retail center with development potential in Rolling Bay.
      10320 NE Valley Rd, Bainbridge Island, WA 98110
      View Details
    • $300,000
      1,690 SF

      Versatile Office Space with Amenities

      Adaptable 1,690 SF office space with unique features.
      360 Knechtel Way NE, Bainbridge Island, WA 98110
      View Details
    • $985,000
      2,049 SF

      Harbor Square Corner Office Space

      Corner office space near Bainbridge Island ferry terminal with parking.
      776 Winslow Way E, Bainbridge Island, WA 98110
      View Details
    • $465,000
      1,350 SF

      Winslow Condo Near Ferry

      Ground floor condo with fenced yard near Winslow ferry terminal.
      465 Winslow Way E, Bainbridge Island, WA 98110
      View Details
    • $545,000
      1,313 SF

      Fully Leased Mixed-Use Condo Unit

      Leased medical and retail space in a mixed-use condominium complex.
      123 Bjune Dr SW, Bainbridge Island, WA 98110
      View Details
    • $2,450,000
      6,696 SF

      Class A Office Building Investment

      Fully occupied Class A office building with stable tenants.
      818 Madison Ave N, Bainbridge Island, WA 98110
      View Details
    • $273,000
      574 SF

      Class A Office Space Condo

      Class A condominium office space in a prime Bainbridge building.
      271 Wyatt Way NE, Bainbridge Island, WA 98110
      View Details
    • $3,125,000
      9,654 SF

      Bainbridge Island Commercial Building

      Office and retail center centrally located on Bainbridge Island.
      901 Hildebrand Ln NE, Bainbridge Island, WA 98110
      View Details
    • $458,800
      1,254 SF

      Bainbridge Island Investment Opportunity

      Leased coffee roaster space on Bainbridge Island.
      12935 Islandcraft Ln NE, Bainbridge Island, WA
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Multi-tenant industrial condo, high ROI.
    Where is this manufacturing property located?
    The property is located at 12935 Islandcraft Ln Bainbridge Island, WA.
    What is the asking price?
    The asking price for this property is $438,800.
    What are key features of this property?
    This property features: Fully leased, 15-unit industrial condo complex on Bainbridge Island, WA.; 23,058 square feet across three buildings on a 1.47-acre lot.; Located at 12935 Islandcraft Ln NE, 98110, within the Island Craft Condominium project.
    Request Owner's contact information
    12935 Islandcraft Ln Bainbridge Island, WA 98110
    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.
    12935 Islandcraft Ln
    Bainbridge Island, WA 98110
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    12935 Islandcraft Ln Bainbridge Island, WA 98110
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.