Visible Mixed-Use Building in
1990 Main St Ferndale, WA 98248
For Sale
$699,000
Stand-alone building in shell condition with retail and warehouse space.
Property Size5,656 SF
Lot Size0.30 Acres
Price / SF$123.59
Days on Market746
Property Features for 1990 Main St
General Information
Standard status
Active
Size
5,656 SF
Lot size
0.30 Acres
Listing Agency:
Gage CRE
(360) 483-0508
Listed By:
Tracy Carpenter · License #23452
(360) 483-0508
Source:
Exprealty
Added: Jul 15, 2024
Changed: Jul 6
Last Checked: Jul 29 at 3:14PM
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 Gage CRE
Investment Insights
Based on property information with market context.
Located centrally in Whatcom County, the property at 1990 Main St features a highly visible stand-alone building. Situated after crossing the 'Metallica' bridge in Ferndale, the property is easily seen from Main St. The lot is level and fully paved. The building offers 5,656 square feet in shell condition, suitable for mixed-use purposes. The building is designed as a mix of retail and warehouse/shop space, including a 10 ft roll-up door in the rear. The front of the lot has been recently paved. Ample parking is available on-site, with additional street parking available off Main St and 1st St. Utilities are available at the street.
Key Highlights
- Highly visible, stand‑alone building on Main St in central Whatcom County.
- 5,656 SF building suitable for retail and warehouse/shop use.
- Ample parking with onsite and street parking available.
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 | $50.9k | $9.00 |
| − Vacancy | −$998 | −$0.18 |
| EGI | $49.9k | $8.82 |
| − OpEx | −$7.5k | −$1.32 |
| NOI | $42.4k | $7.50 |
5,656 SF · lease $9.00/SF/yr · vacancy 1.96% · expense 15.00%
Alternative Uses
Best Use
Mixed Use
$1.03M
$897.2K – $1.20M
NOI $71,775 @ 7.0% cap · market cap 10.27%
Second Best
Retail
$964.1K
$843.6K – $1.12M
NOI $67,489 @ 7.0% cap · market cap 9.66%
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,401 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Stand-alone building in shell condition with retail and warehouse space.
Where is this mixed-use property located?
The property is located at 1990 Main St Ferndale, WA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Highly visible, stand‑alone building on Main St in central Whatcom County.; 5,656 SF building suitable for retail and warehouse/shop use.; Ample parking with onsite and street parking available.
