12681-12685 Miller Rd NE $2,650,000

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    12681-12685 Miller Rd NE Bainbridge Island, WA 98110

    • 1.10 Acres
    • Commercial/Industrial
    Listing# 1461130 | Active

    $2,650,000

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    Days On Market: 91 0 Views
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    Property Details

    Newer high construction high quality 14,000 square foot main building with elevator and premium interior finishes. Main tenant with approximately 85% of occupancy) has 3.5 years plus 5 year option on lease. Smaller building is 6,400 sq. ft. with 3 tenants upstairs. Property should be a stable long term investment with minimal maintenance and repairs required. The Day Road Industrial Park historically has little vacancy and is being sold at approximately a 5.4 cap rate.

    • General Features
      • County Kitsap
      • Zoning Class Industrial-Light
      • Zoning Jurisdiction City
      • Style 71-Light Indrl.
      • Approx Building SqFt 20,400
      • Approx Whse/Mfg SqFt 13,400
      • Approx Office SqFt 7,000
      • Total Uncovered Parking 50
      • Total Covered Parking 0
    • Building Features
      • Exterior Metal/Vinyl, Tilt-Up
      • Roof Built-Up, Metal
      • Heating and Cooling Ductless HP MiniSplit
      • Loading 1-3 Bays
    • Property Features
      • Lot Square Footage 47,916
      • Depth of Lot 0
      • Site Frontage 411
      • Expansion Area N
      • Water-Sewer-Garbage 0
      • Sewer Septic
      • Sewer Company Private Septic
      • Energy Source Electric
      • Power Company PSE
      • Number of Available Pads 0
    • Financials
      • Vacancy Rate 3
      • Total SqFt Rented 20,400
      • Total Monthly Rent $18,406
      • Gross Rent Multiplier 0
      • Cap Rate -NOI div LP 0
      • Gross Scheduled Income $220,872
      • Gross Adjusted Income $214,245
      • Total Expenses $71,259
      • NOI $142,989
      • Electrical Expenses $25,483
      • Tax Expense $26,029
      • Heating Expense $0
      • Insurance Expense $3,468
      • Annual Assoc. Dues $0
      • Other Expenses $16,279
      • Tax Year 2019

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    Neighborhood

    98110 (Bainbridge Island) Demographics

    48Median Age
    854Population Density (per sq. mile)
    75%College Educated
    $102,906 Estimated Median Income
    7,468Estimated Total Home Owners
    2,187Estimated Total Renters
    77% / 23%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    23,576Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $841,500 Median Sales Price
    42 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,650,000
        5/21/2019 1:21:00 PM New in Database Source

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.