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 Market675
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) 820-2000
Listed By:
Troy Muljat, CCIM · License #2199
(360) 820-2000
Source:
Moodyscre
Added: Sep 24, 2024
Changed: Jul 27
Last Checked: Jul 29 at 3:54PM
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.
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 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 | $177.8k | $22.56 |
| − Vacancy | −$30.8k | −$3.90 |
| EGI | $147.0k | $18.66 |
| − OpEx | −$36.8k | −$4.66 |
| NOI | $110.3k | $13.99 |
7,880 SF · lease $22.56/SF/yr · vacancy 17.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.58M
$1.38M – $1.84M
NOI $110,264 @ 7.0% cap · market cap 8.17%
Second Best
Flex RnD
$852.2K
$745.7K – $994.3K
NOI $59,657 @ 7.0% cap · market cap 4.42%
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.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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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
