Freestanding Retail Warehouse
1990 Main St Ferndale, WA 98248
For Sale
Contact for pricing
Freestanding building with a rear roll-up door and paved, fully level site with ample on-site parking.
Property Size5,656 SF
Price / SF$123.59
Days on Market1080
Property Features for 1990 Main St
General Information
Standard status
Active
Size
5,656 SF
Property subtype
RETAIL
Listing Agency:
Gage Commercial Real Estate LLC
(360) 303-2608
Listed By:
Tracy Carpenter · License #23452
(360) 303-2608
Source:
Moodyscre
Added: Aug 16, 2023
Changed: Jul 28
Last Checked: Jul 28 at 2:09PM
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 Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
1990 Main St is a stand-alone building offering a mix of retail and warehouse/shop space, presented in shell condition. The property is level and fully paved, with a 10 ft roll-up door located in the rear for convenient loading access. The building is 5,656 SF and utilities are available at the street, but are not brought to the building.
The site is centrally positioned in Whatcom County with high visibility from Main St, including clear prominence when approaching from the direction of the landmark Metallica bridge in Ferndale. The front of the lot has been recently paved and the property provides ample on-site parking, along with additional street parking off Main St and 1st St.
This is a straightforward flex-style setup for an operator seeking a freestanding footprint that combines storefront-style space with warehouse/shop functionality and on-site parking.
The site is centrally positioned in Whatcom County with high visibility from Main St, including clear prominence when approaching from the direction of the landmark Metallica bridge in Ferndale. The front of the lot has been recently paved and the property provides ample on-site parking, along with additional street parking off Main St and 1st St.
This is a straightforward flex-style setup for an operator seeking a freestanding footprint that combines storefront-style space with warehouse/shop functionality and on-site parking.
Key Highlights
- Freestanding building at 1990 Main St in Whatcom County
- 5,656 SF building in shell condition with a mix of retail and warehouse/shop
- Rear 10 ft roll‑up door for warehouse/shop access
Financial Insights For Flex RnD
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 | $67.2k | $11.88 |
| − Vacancy | −$1.3k | −$0.23 |
| EGI | $65.9k | $11.65 |
| − OpEx | −$23.1k | −$4.08 |
| NOI | $42.8k | $7.57 |
5,656 SF · lease $11.88/SF/yr · vacancy 1.96% · expense 35.00%
Alternative Uses
Best Use
Retail
$964.1K
$843.6K – $1.12M
NOI $67,489 @ 7.0% cap · market cap 9.66%
Second Best
Flex RnD
$611.7K
$535.3K – $713.7K
NOI $42,820 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,401 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Crave Catering — 5506 Nielsen Ave, Ferndale, WA 98248
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding building with a rear roll-up door and paved, fully level site with ample on-site parking.
Where is this flex space located?
The property is located at 1990 Main St Ferndale, WA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Freestanding building at 1990 Main St in Whatcom County; 5,656 SF building in shell condition with a mix of retail and warehouse/shop; Rear 10 ft roll‑up door for warehouse/shop access
