Mixed-Use Business Park
For Sale
Contact for pricing
9720 Coppertop Loop Northeast, Bainbridge Island, WA 98110
Mixed-use park offering commercial office, retail, and light industrial space in durable post-and-beam steel construction.
Property Size80,019 SF
Price / SF$237.44
Days on Market68
Property Features for 9720 Coppertop Loop Northeast
General Information
Standard status
Active
Size
80,019 SF
Property subtype
Retail, Office, Industrial
Zoning
Business/Industrial
Occupancy
99%
Lease Type
NNN
Net Operating Income
$1,332,507
Additional Details
Utilities to Site
Yes
Building Details
Year Built
2005
Buildings
9
Tenancy
Multi
Listing Agency:
Kidder Mathews Seattle
Listed By:
Mike King · License #73746
(206) 926-9292
Source:
Crexi
Added: Jun 29
Changed: Sep 3
Last Checked: Sep 4 at 6:12AM
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 Seattle
Investment Insights
Based on property information with market context.
This mixed-use business park facility spans approximately 80,019 square feet and is designed to support a range of commercial uses, including office, retail, and light industrial. The buildings feature durable post-and-beam steel construction and copper-coated metal roofs, with city utilities and fiber-optic internet available at the property.
Located on Bainbridge Island at 9720 Coppertop Loop Northeast, the park is marketed as Coppertop Park, a business park setting intended for multiple types of businesses within one campus.
For buyers evaluating a multi-tenant commercial environment, the property’s combination of flexible use types and functional building improvements, including fiber connectivity and utilities, provides a straightforward platform for leasing and occupancy within the business park configuration.
Located on Bainbridge Island at 9720 Coppertop Loop Northeast, the park is marketed as Coppertop Park, a business park setting intended for multiple types of businesses within one campus.
For buyers evaluating a multi-tenant commercial environment, the property’s combination of flexible use types and functional building improvements, including fiber connectivity and utilities, provides a straightforward platform for leasing and occupancy within the business park configuration.
Key Highlights
- 80,019 SF mixed‑use business park facility on Bainbridge Island
- Built in 2005 with durable post‑and‑beam steel construction
- Copper‑coated metal roofs
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
$1,140,751
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
6.00%
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%
$22,815,020
$22.8M
Cap Rate 7%
$16,296,443
$16.3M
Cap Rate 9%
$12,675,011
$12.7M
Market Conditions
NOI Build-Up for 80,019 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
$1.73M $21.60/SF
− Vacancy
−$207.4K −$2.59/SF
EGI
$1.52M $19.01/SF
− OpEx
−$380.3K −$4.75/SF
NOI
$1.14M $14.26/SF
Area
Kitsap County, WA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$22,815,020
Cap Rate 7%
$16,296,443
Cap Rate 9%
$12,675,011
Alternative Uses
Best Use
Office B
$16.30M
$14.26M – $19.01M
NOI $1,140,751 @ 7.0% cap · market cap 6.00%
Second Best
Flex RnD
$13.13M
$11.49M – $15.32M
NOI $919,370 @ 7.0% cap · market cap 4.84%
Theoretical Best
Specialty Retail
$26.68M
$23.35M – $31.13M
NOI $1,867,763 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 98110, WA
24,825
Population
10,728
Households
2.3
Avg Household Size
51
Median Age
75%
College-Educated
99%
High-School Grad
27.6 sq mi
ZIP Area
899
Density / Sq Mi
$159,882
Median Household Income
$77,528
Median Earnings
$2,081
Median Rent
$1,076,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Finders Keepers — 8890 Three Tree Ln NE, Bainbridge Island, WA 98110
Frequently Asked Questions
What type of property is this?
Flex space - Mixed-use park offering commercial office, retail, and light industrial space in durable post-and-beam steel construction.
Where is this flex space located?
The property is located at 9720 Coppertop Loop Northeast Bainbridge Island, WA.
What is the asking price?
The asking price for this property is $19,000,000.
What are key features of this property?
This property features: 80,019 SF mixed‑use business park facility on Bainbridge Island; Built in 2005 with durable post‑and‑beam steel construction; Copper‑coated metal roofs
