Warehouse Condo Unit with Roll-Up
112-3610 Irongate Rd Bellingham, WA 98226
For Sale
$319,500
Condo warehouse unit features a wide roll-up door, 20-foot average ceilings, and 100-amp three-phase power.
Property Size1,500 SF
Price / SF$213
Days on Market133
Property Features for 112-3610 Irongate Rd
General Information
- Standard status
- Active
- Size
- 1,500 SF
Listing Agency:
Gage CRE
(360) 483-0508
Listed By:
Tracy Carpenter · License #23452
(360) 483-0508
Source:
Exprealty
Added: Mar 17
Changed: Jul 22
Last Checked: Jul 25 at 11:33AM
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.
Warehouse condo unit in the Iron Gate area, built in October 2017 and currently occupied by an M-M tenant. The unit includes heating/insulation, is plumbed for a restroom, and has a thickened footing designed to accommodate a 25’ x 20’ mezzanine if desired. The building also provides a shared restroom located at the end of the building, shared with the entire complex.
The unit is configured with a 16’ wide by 14’ roll-up door and measures 30’ wide by 50’ deep, with an average ceiling height of 20’. Separately metered gas and electricity support the unit, and 100-amp three-phase power is provided.
Access is provided through a gated, automatic security fence with code, and the unit offers exclusive parking in front of the unit(s).
The unit is configured with a 16’ wide by 14’ roll-up door and measures 30’ wide by 50’ deep, with an average ceiling height of 20’. Separately metered gas and electricity support the unit, and 100-amp three-phase power is provided.
Access is provided through a gated, automatic security fence with code, and the unit offers exclusive parking in front of the unit(s).
Key Highlights
- Warehouse condo unit with 16' x 14' roll‑up door and wide roll‑up access
- Approx. 30' wide by 50' deep with 20' average ceiling height
- Built October 2017; includes heating/insulation and plumbing for a restroom
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 | $13.5k | $9.00 |
| − Vacancy | −$265 | −$0.18 |
| EGI | $13.2k | $8.82 |
| − OpEx | −$2.0k | −$1.32 |
| NOI | $11.3k | $7.50 |
1,500 SF · lease $9.00/SF/yr · vacancy 1.96% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$160.7K
$140.6K – $187.5K
NOI $11,250 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$353.9K
$309.6K – $412.8K
NOI $24,770 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
Similar Off Market Nearby
- Access - Scanning, Records Storage, and Document Management — 3903 Spur Ridge Ln, Bellingham, WA 98226
- Bellingham RV Storage — 3820 Hammer Dr, Bellingham, WA 98226
- Baker Creek Storage — 1621 Baker Creek Pl, Bellingham, WA 98226
- Sunset Storage — 3423 James St, Bellingham, WA 98226
- Storehouse Mini Storage Complex — 3651 Iron Gate Rd, Bellingham, WA 98226
FAQs
What type of property is this?
Warehouse - Condo warehouse unit features a wide roll-up door, 20-foot average ceilings, and 100-amp three-phase power.
Where is this warehouse located?
The property is located at 112-3610 Irongate Rd Bellingham, WA.
What is the asking price?
The asking price for this property is $319,500.
What are key features of this property?
This property features: Warehouse condo unit with 16' x 14' roll‑up door and wide roll‑up access; Approx. 30' wide by 50' deep with 20' average ceiling height; Built October 2017; includes heating/insulation and plumbing for a restroom
