Waterfront Industrial Property with
1001 Hilton Ave Bellingham, WA
For Sale
Contact for pricing
35,500 SF seafood processing and warehouse facility with dock.
Property Size31,500 SF
Lot Size16.26 Acres
Price / SF$253.97
Days on Market245
Property Features for 1001 Hilton Ave
General Information
Standard status
Active
Size
31,500 SF
Lot size
16.26 Acres
Property subtype
INDUSTRIAL
Properties For Sale
at 1001 Hilton Ave Contact us
Listing Agency:
Kidder Mathews
(206) 926-9292
Listed By:
Mike King, CCIM · License #82677
(206) 926-9292
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Jul 6
Last Checked: Jul 21 at 3:54AM
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
Investment Insights
Based on property information with market context.
The property consists of 35,500 square feet of seafood processing, warehouse, cold storage, and office facilities. It is situated on a long-term ground lease at the Port of Bellingham and includes a 168-foot dock. The property is located within Bellingham’s marine industrial region, which includes shipbuilders, public marinas such as Squalicum Harbor marina, cruise terminals, shipping terminals, and the Alaska Ferry terminal. Seller will consider lease with purchase option.
Key Highlights
- 35,500 sq ft facility ideal for seafood processing, warehousing, cold storage, and office use.
- Features a 168' dock.
- Located on a long‑term ground lease at the Port of Bellingham.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $283.5k | $9.00 |
| − Vacancy | −$5.6k | −$0.18 |
| EGI | $277.9k | $8.82 |
| − OpEx | −$41.7k | −$1.32 |
| NOI | $236.3k | $7.50 |
31,500 SF · lease $9.00/SF/yr · vacancy 1.96% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.38M
$2.95M – $3.94M
NOI $236,252 @ 7.0% cap · market cap 2.95%
Second Best
Industrial
$2.78M
$2.43M – $3.24M
NOI $194,560 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$7.43M
$6.50M – $8.67M
NOI $520,176 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Hilton Harbor — 1000 Hilton Ave, Bellingham, WA 98225
- Nearby Self Storage Units Bellingham WA — 401 W Champion St, Bellingham, WA 98225
Frequently Asked Questions
What type of property is this?
Warehouse - 35,500 SF seafood processing and warehouse facility with dock.
Where is this warehouse located?
The property is located at 1001 Hilton Ave Bellingham, WA.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: 35,500 sq ft facility ideal for seafood processing, warehousing, cold storage, and office use.; Features a **168' dock**.; Located on a long‑term ground lease at the Port of Bellingham.
