Commercial Condo Dental Lab
106-905 Squalicum Way Bellingham, WA 98225
106-905 Squalicum Way, Bellingham, WA, 98225
$599,900
For Sale
$599,900
Built-out medical condo with dental lab processing space, operatory rooms, and dedicated parking within a business park.
Property Size1,826 SF
Price / SF$328.53
Days on Market97
Property Features for 106-905 Squalicum Way
General Information
- Standard status
- Active
- Size
- 1,826 SF
Listing agency
Gage CRE
(360) 483-0508
Listed by
Tracy Carpenter · License #23452
(360) 483-0508
Source
Exprealty
Added: Apr 17 Updated: Jul 10 at 1:51PM Checked: Jul 20 at 8:01AM
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.
This commercial condo is located within the Squalicum Lofts Business Park and is built out for dental lab operations. The ground floor includes a reception and waiting area, three operatory spaces, a lab, a restroom, and an office. A dedicated processing lab space is also included on the second floor.
Positioned at the forefront of the complex, the unit offers signage exposure to Squalicum Way. Four dedicated parking spaces are provided, with two at the front and two at the rear. The property is described as easily accessible to I-5, and walking trails and Squalicum Creek Park are adjacent to the east of the complex. The space is part of the Squalicum Lofts Condo Association.
Designed for users who need a functional clinical workspace, the layout supports patient intake on the main level along with lab and processing activity within the same condo. The dedicated parking and street-facing signage exposure can help streamline customer access for a dental or similar medical-related use.
Positioned at the forefront of the complex, the unit offers signage exposure to Squalicum Way. Four dedicated parking spaces are provided, with two at the front and two at the rear. The property is described as easily accessible to I-5, and walking trails and Squalicum Creek Park are adjacent to the east of the complex. The space is part of the Squalicum Lofts Condo Association.
Designed for users who need a functional clinical workspace, the layout supports patient intake on the main level along with lab and processing activity within the same condo. The dedicated parking and street-facing signage exposure can help streamline customer access for a dental or similar medical-related use.
Key Highlights
- Commercial condo in the Squalicum Lofts Business Park, located at the forefront with signage exposure to Squalicum Way
- Built out as a dental lab with 1,826 SF total, including reception/waiting, 3 operatory spaces, lab, restroom, and office
- Second‑floor processing lab space for ongoing dental lab work
Local Financial Insights For Office B
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 | $41.2k | $22.56 |
| − Vacancy | −$7.1k | −$3.90 |
| EGI | $34.1k | $18.66 |
| − OpEx | −$8.5k | −$4.66 |
| NOI | $25.6k | $13.99 |
1,826 SF · lease $22.56/SF/yr · vacancy 17.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$365.0K
$319.4K – $425.9K
NOI $25,551 @ 7.0% cap · market cap 4.26%
Second Best
Healthcare Medical
$256.3K
$224.3K – $299.0K
NOI $17,940 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$430.8K
$376.9K – $502.6K
NOI $30,154 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Built-out medical condo with dental lab processing space, operatory rooms, and dedicated parking within a business park.
Where is this medical office space located?
The property is located at 106-905 Squalicum Way Bellingham, WA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Commercial condo in the Squalicum Lofts Business Park, located at the forefront with signage exposure to Squalicum Way; Built out as a dental lab with 1,826 SF total, including reception/waiting, 3 operatory spaces, lab, restroom, and office; Second‑floor processing lab space for ongoing dental lab work
