164 W Smith Rd, Bellingham, WA
Industrial property with shop, office, storage, and large yard.
- Added:
- Oct 25, 2023
- Days on Market:
- 972
- Last Refresh:
- May 20 at 9:24 pm
Property Features for 164 W Smith Rd
General Information
- Standard status
- Active
- Size
- 33,804 SF
- Lot size
- 12.04 Acres
- Property subtype
- INDUSTRIAL
Listing agent Troy Muljat, CCIM (360) 820-2000
Listing office The Muljat Group Inc. (360) 820-2000
Listing date Oct 25, 2023
Source Moodyscre
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.
HighLights
- New 5‑year lease in place with a 6.5% Cap rate.
- Over 12 acres of land zoned for Rural Industrial and Manufacturing by Whatcom County.
- Centrally located between Bellingham, Ferndale, and Lynden with easy access to major transportation routes.
- Features industrial/shop space, office space, exterior storage and a large yard area.
- Recently rebuilt office space.
- Includes exterior storage, including silo storage.
Overview
Local 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 | $304.2k | $9.00 |
| − Vacancy | −$6.0k | −$0.18 |
| EGI | $298.3k | $8.82 |
| − OpEx | −$44.7k | −$1.32 |
| NOI | $253.5k | $7.50 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bellingham
- County
- Whatcom
- State
- Washington
- Longitude
- -122.484
- Latitude
- 48.8339
