Flex Office and Warehouse
For Sale
Contact for pricing
113 6th St, Lynden, WA 98264
Corner flex property includes partitioned office space and an approximately 2,000 SF warehouse with a grade door.
Property Size7,880 SF
Price / SF$171.32
Days on Market769
Property Features for 113 6th St
General Information
Standard status
Active
Size
7,880 SF
Property subtype
OFFICE
Additional Details
Drive-In Doors
1
Amenities
conference room
reception
Listing Agency:
The Muljat Group Inc.
(360) 733-3030
Listed By:
Troy Muljat, CCIM · License #2199
(360) 820-2000
Source:
Moodyscre
Added: Sep 24, 2024
Changed: Oct 25
Last Checked: Oct 30 at 4:54PM
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 The Muljat Group Inc.
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Investment Insights
Based on property information with market context.
This corner office/industrial flex property combines partitioned office space with warehouse functionality. The main office area includes a reception area, conference room, and cubicles, supported by storefront-style windows.
The warehouse component provides approximately 2,000 SF of space with a grade door and lots of power, suited for a wide range of light industrial and storage needs. The property is located on 6th Street and Grover in Lynden, about one block from Front Street. This listing applies to parcels 4003202023060000 and 4003201973060000.
The warehouse component provides approximately 2,000 SF of space with a grade door and lots of power, suited for a wide range of light industrial and storage needs. The property is located on 6th Street and Grover in Lynden, about one block from Front Street. This listing applies to parcels 4003202023060000 and 4003201973060000.
Key Highlights
- Unique office/industrial corner property at 6th Street and Grover in Lynden, one block from Front Street
- Main office area includes partitioned offices, a conference room, cubicles, and a reception area
- Office includes storefront windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,657
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,193,140
$1.2M
Cap Rate 7%
$852,243
$852.2K
Cap Rate 9%
$662,856
$662.9K
Market Conditions
NOI Build-Up for 7,880 SF
Gross rent
$93.6K $11.88/SF
− Vacancy
−$1.8K −$0.23/SF
EGI
$91.8K $11.65/SF
− OpEx
−$32.1K −$4.08/SF
NOI
$59.7K $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%
$1,193,140
Cap Rate 7%
$852,243
Cap Rate 9%
$662,856
Alternative Uses
Best Use
Flex RnD
$852.2K
$745.7K – $994.3K
NOI $59,657 @ 7.0% cap · market cap 4.42%
Second Best
Warehouse
$844.3K
$738.8K – $985.0K
NOI $59,100 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,127 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 98264, WA
23,170
Population
8,395
Households
2.8
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
57.2 sq mi
ZIP Area
405
Density / Sq Mi
$95,225
Median Household Income
$47,046
Median Earnings
$1,611
Median Rent
$538,100
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Corner flex property includes partitioned office space and an approximately 2,000 SF warehouse with a grade door.
Where is this flex space located?
The property is located at 113 6th St Lynden, WA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Unique office/industrial corner property at 6th Street and Grover in Lynden, one block from Front Street; Main office area includes partitioned offices, a conference room, cubicles, and a reception area; Office includes storefront windows
