Sprinklered Flex Space with
For Sale
$275,000
1704 Carolina Street B-6, Bellingham, WA 98229
Gated light-industrial unit with mezzanine, roll-up access, private bathroom, and LED lighting.
Property Size1,302 SF
Price / SF$211.21
Days on Market81
Property Features for 1704 Carolina Street B-6
General Information
Standard status
Active
Size
1,302 SF
Zoning
Light Industrial
Warehouse & Industrial
Clear Height
14 ft
Sprinkler System
Yes
Amenities
high-speed internet
private bathroom with shower
Building Details
Year Built
2022
Construction
steel construction
Listing Agency:
RE/MAX Whatcom County, Inc.
Listed By:
Briddick Webb
(360) 920-1218
Source:
Hanshagmeier
Added: Jul 27
Changed: Oct 13
Last Checked: Oct 15 at 12:13AM
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 RE/MAX Whatcom County, Inc.
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Investment Insights
Based on property information with market context.
This 2022 flex-space condominium provides 1,302sf across two levels, including 945sf on the ground floor and 357sf upstairs. The steel building has wood-framed interior construction, one entry door, and a 14’ roll-up door serving an area with 14’ clear-height below the mezzanine. The unit is heated, insulated, sheet-rocked, and primed in key areas, with LED lighting and high-speed internet already in place.
A private bathroom with shower adds functional support, while full fire-sprinkler coverage contributes to the building’s safety systems. Located within the gated Carolina Business Park at 1704 Carolina Street B-6 in Bellingham, Washington, the property is zoned for Light Industrial use and can accommodate storage or other approved commercial needs.
A private bathroom with shower adds functional support, while full fire-sprinkler coverage contributes to the building’s safety systems. Located within the gated Carolina Business Park at 1704 Carolina Street B-6 in Bellingham, Washington, the property is zoned for Light Industrial use and can accommodate storage or other approved commercial needs.
Key Highlights
- 1,302sf flex‑space condominium with 945sf on the ground level and 357sf upstairs
- 14’ roll‑up door and 14’ clear‑height below the mezzanine
- 2022 construction with steel building and wood‑framed interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,857
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$197,140
$197.1K
Cap Rate 7%
$140,814
$140.8K
Cap Rate 9%
$109,522
$109.5K
Market Conditions
NOI Build-Up for 1,302 SF
Gross rent
$15.5K $11.88/SF
− Vacancy
−$303 −$0.23/SF
EGI
$15.2K $11.65/SF
− OpEx
−$5.3K −$4.08/SF
NOI
$9.9K $7.57/SF
Area
Whatcom County, WA
Vacancy
1.96%
Lease Rate
$11.88 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$197,140
Cap Rate 7%
$140,814
Cap Rate 9%
$109,522
Alternative Uses
Best Use
Flex RnD
$140.8K
$123.2K – $164.3K
NOI $9,857 @ 7.0% cap · market cap 3.58%
Second Best
Warehouse
$139.5K
$122.1K – $162.8K
NOI $9,765 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$307.2K
$268.8K – $358.4K
NOI $21,501 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
14 ft
Clear height
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98229, WA
33,664
Population
14,392
Households
2.3
Avg Household Size
40
Median Age
51%
College-Educated
95%
High-School Grad
50.2 sq mi
ZIP Area
671
Density / Sq Mi
$90,068
Median Household Income
$45,503
Median Earnings
$1,533
Median Rent
$564,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Fools Onion Catering — 2208 James St, Bellingham, WA 98225
Frequently Asked Questions
What type of property is this?
Flex space - Gated light-industrial unit with mezzanine, roll-up access, private bathroom, and LED lighting.
Where is this flex space located?
The property is located at 1704 Carolina Street B-6 Bellingham, WA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,302sf flex‑space condominium with 945sf on the ground level and 357sf upstairs; 14’ roll‑up door and 14’ clear‑height below the mezzanine; 2022 construction with steel building and wood‑framed interiors
