$458,000
Est. $2,537/moPrice reduced $29,500 from the original $487,500 asking price
12935 Islandcraft Lane NE #A5, Bainbridge Island, WA 98110
• Listed Dec 6, 2023•619 days active · 619 cumulative
Listing Broker: Windermere Commercial/ERES; Kelly Muldrow; 206-949-3420; kelly@muldrow.net
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Listing Broker: Windermere Commercial/ERES; Kelly Muldrow; 206-949-3420; kelly@muldrow.net
About this home
This is a great investment opportunity located on Bainbridge Island at the Island Craft Condominium project. The unit for sale is currently occupied by a well-established coffee roaster who has committed to a long-term lease. The Island Craft Condominiums comprise individually owned light industrial condominiums, which cater to various high-quality personal and professional uses. Total Unit Size: 1,254 square feet. Zoned Business Industrial by Bainbridge Island Single Tenant Unit, Leased, with options to extend through 2029 Proforma Net Operating Income: $22,700
Listed by Kelly Muldrow • Windermere Commercial/ERES
Listing updated: September 17, 2026 at 11:26am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2184332
Around this home
How much should you offer?
12935 Islandcraft Lane NE #A5, Bainbridge Island, WA 98110
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- Comm Bldg Und 10K
Flooring
- Concrete
Heating & cooling
- Ductless heating
- Ductless cooling
Schools
Ratings via SchoolDigger- Halilts Elementary SchoolPublic · Grades PK-4 · 1.1 mi · State rank 42 of 1,13810/10
- Sonoji Sakai IntermediatePublic · Grades 5-6 · 2.4 mi—
- Bainbridge High SchoolPublic · Grades 9-12 · 3.1 mi · State rank 1 of 39610/10
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Commercial facts
As entered by the listing broker on Northwest MLS
Building
- Year built
- 2015
Parking & site
- Zoning jurisdiction
- City
Income & lease
- Net operating income
- $22,700
- Cap rate
- 4.66%
Taxes & terms
- Annual taxes
- $1,770
- Tax year
- 2023
- Financing
- Conventional
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 12935 Islandcraft Lane NE #A5
NWMLS via MLS GridEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Sep 17, 2026Price reducedNWMLS via MLS Grid · #2184332$458,000
- Dec 6, 2023ListedNWMLS via MLS Grid · #2184332$487,500
Down payment assistance
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$2,967 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
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Listing Broker: Windermere Commercial/ERES; Kelly Muldrow; 206-949-3420; kelly@muldrow.net
Market pulse
Bainbridge Island is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 52 days.
Recent sales nearby
Within 1 mile · last 6 months$798,000 Sold
4 days ago
3 bd•1.75 ba•~1,778 sq ft•Single Family
8960 NE Day Road, Bainbridge Island, WA 98110
0%
Over list
72
Days on market
0.8 mi
Distance
$1,090,000 Sold
4 days ago
3 bd•2.25 ba•~2,622 sq ft•Single Family
12640 Manzanita Road NE, Bainbridge Island, WA 98110
0%
Over list
50
Days on market
0.6 mi
Distance
$750,000 Sold
3 weeks ago
2 bd•1.75 ba•~1,368 sq ft•Single Family
14151 Komedal Road NE, Bainbridge Island, WA 98110
4%
Under list
96
Days on market
1.0 mi
Distance
$1,550,000 Sold
3 weeks ago
4 bd•4.25 ba•~3,148 sq ft•Single Family
8363 NE Sumanee Place, Bainbridge Island, WA 98110
3%
Under list
98
Days on market
0.6 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 19, 2026 at 8:02 PM PT (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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