1313 N State St, Bellingham, WA
Commercial kitchen space for lease in historic downtown Bellingham.
- Added:
- Jan 7, 2025
- Days on Market:
- 523
- Last Refresh:
- May 20 at 8:43 pm
Property Features for 1313 N State St
General Information
- Standard status
- Active
- Size
- 5,013 SF
- Lot size
- 0.16 Acres
- Property subtype
- RETAIL
Properties For Sale
at 1313 N State St Contact usListing agent Troy Muljat, CCIM (360) 820-2000
Listing office The Muljat Group Inc. (360) 820-2000
Listing date Jan 7, 2025
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
- High traffic flow location on N State St.
- Commercial kitchen ready and available.
- Type one hood and shaft included.
- Located in the heart of downtown Bellingham.
- Historic building.
- Near local favorites.
Overview
Local Financial Insights For Specialty Retail
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 | $92.6k | $18.48 |
| − Vacancy | −$4.9k | −$0.98 |
| EGI | $87.7k | $17.50 |
| − OpEx | −$21.9k | −$4.38 |
| NOI | $65.8k | $13.13 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bellingham
- County
- Whatcom
- State
- Washington
- Longitude
- -122.477
- Latitude
- 48.7486
