Storage Condo with
109-2748 Peace Portal Dr, Blaine, WA 98230
For Sale
$239,000
Includes a main-level bathroom and flexible upper-level workspace.
Property Size1,253 SF
Price / SF$190.74
Days on Market55
Property Features for 109-2748 Peace Portal Dr
General Information
Standard status
Size
Additional Details
Warehouse Space
Taxes and HOA fees
Annual Taxes
Listing Agency:
Muljat Group
Listed By:
Rod L. Blankers
(360) 354-4242
Source:
Exprealty
Added: Sep 14
Changed: Nov 2
Last Checked: Nov 6 at 12:43PM
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 Muljat Group
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Investment Insights
Based on property information with market context.
This storage condominium at 109-2748 Peace Portal Dr in Blaine provides 1,253 square feet for equipment, recreational items, hobbies, and general storage. The main level includes a bathroom, while an upstairs mezzanine adds adaptable area for an office, work zone, or additional organized storage.
The property can accommodate a range of personal and operational storage needs within a dedicated condo format. Its combination of open functional area, bathroom access, and elevated supplemental space supports use as a storage base with room for workspace or administrative functions.
The property can accommodate a range of personal and operational storage needs within a dedicated condo format. Its combination of open functional area, bathroom access, and elevated supplemental space supports use as a storage base with room for workspace or administrative functions.
Key Highlights
- 1,253‑square‑foot storage condominium
- Upstairs mezzanine for office, workspace, or additional storage
- Main‑level bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,486
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,720
$189.7K
Cap Rate 7%
$135,514
$135.5K
Cap Rate 9%
$105,400
$105.4K
Market Conditions
NOI Build-Up for 1,253 SF
Gross rent
$14.9K $11.88/SF
− Vacancy
−$292 −$0.23/SF
EGI
$14.6K $11.65/SF
− OpEx
−$5.1K −$4.08/SF
NOI
$9.5K $7.57/SF
Area
Whatcom County, WA
Vacancy
1.96%
Lease Rate
$11.88 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,720
Cap Rate 7%
$135,514
Cap Rate 9%
$105,400
Alternative Uses
Best Use
Flex RnD
$135.5K
$118.6K – $158.1K
NOI $9,486 @ 7.0% cap · market cap 3.97%
Second Best
Warehouse
$134.3K
$117.5K – $156.6K
NOI $9,398 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$295.6K
$258.6K – $344.9K
NOI $20,691 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 98230, WA
18,754
Population
9,395
Households
2
Avg Household Size
48
Median Age
32%
College-Educated
95%
High-School Grad
42.5 sq mi
ZIP Area
441
Density / Sq Mi
$82,716
Median Household Income
$45,603
Median Earnings
$1,255
Median Rent
$467,900
Median Home Value
Market
Average Price Trend$/SF for Warehouses in Whatcom County, WA
Properties on Market for Warehouses in Whatcom County
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Blaine Pantec Mini Storage — 943 Boblett St, Blaine, WA 98230
Frequently Asked Questions
What type of property is this?
Warehouse - Includes a main-level bathroom and flexible upper-level workspace.
Where is this warehouse located?
The property is located at 109-2748 Peace Portal Dr Blaine, WA.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 1,253‑square‑foot storage condominium; Upstairs mezzanine for office, workspace, or additional storage; Main‑level bathroom
