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    164 W Smith Rd Bellingham, WA 98226

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    For Sale
    $4,000,000

    Industrial property with shop, office, storage, and large yard.

    Property size:
    33,804 SF
    Lot size:
    12.04 Acres

    Property Features for 164 W Smith Rd

    General Information

    Size
    33,804 SF
    Lot size
    12.04 Acres

    Source: The Muljat Group Inc. Agent Troy Muljat, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Centrally Located Industrial Property

    This industrial property is centrally located between Bellingham, Ferndale, and Lynden, Washington. It offers convenient access to the Canadian border and the Interstate via the well-traveled Guide Meridian (SR539). The property encompasses over 12 acres and features industrial and shop space, office space that was rebuilt this year, exterior storage including silo storage, and a large yard area. The property is zoned Rural Industrial and Manufacturing by Whatcom County. The property has 33804 square feet of space. A new 5-year lease is currently in place.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specified Fittings Manufacturer

    Suggested Use

    Restaurant Building Supply Wholesale Shop Gym & Fitness Auto Parts Store Auto Repair Shop Kitchen & Bath Grocery Store Bar & Pub Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Whatcom
    State
    Washington
    Longitude
    -122.483574
    Latitude
    48.833878

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    FAQs

    What type of property is this?
    Manufacturing property - Industrial property with shop, office, storage, and large yard.
    Where is this manufacturing property located?
    The property is located at 164 W Smith Rd Bellingham, WA.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: - 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.
    (360) 820-2000
    Request Owner's contact information
    164 W Smith Rd Bellingham, WA 98226
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    Bellingham, WA 98226
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    164 W Smith Rd Bellingham, WA 98226
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