Flex Space Unit with Overhead
For Sale
Contact for pricing
1958-1986 Baltic Way, Ferndale, WA 98248
The unit includes a bathroom with shower and a utility sink.
Property Size1,485 SF
Price / SF$195.96
Days on Market20
Property Features for 1958-1986 Baltic Way
General Information
Standard status
Active
Size
1,485 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Sprinkler System
Yes
Property Use
Flex Space
Listing Agency:
Windermere - Whatcom Co.
(360) 676-5900
Listed By:
Dave Rehm, CCIM
(360) 961-5513
Source:
Moodyscre
Added: Oct 6
Changed: Oct 25
Last Checked: Oct 24 at 2:35PM
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 Windermere - Whatcom Co.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,485 SF flex space unit has concrete floors, a bathroom with shower, and two overhead doors measuring 14' x 14' and 9' x 8'. Additional features include fire sprinklers, a utility sink, a 50-amp RV outlet, and Comcast Business wiring.
The gated complex offers entry by keypad or remote, aisleways over 50' wide, and individual addresses with mailboxes. The property has access to I-5.
The gated complex offers entry by keypad or remote, aisleways over 50' wide, and individual addresses with mailboxes. The property has access to I-5.
Key Highlights
- 1,485 SF flex space unit
- Two overhead doors: 14' x 14' and 9' x 8'
- Bathroom with shower, plus a utility sink
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,242
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$224,840
$224.8K
Cap Rate 7%
$160,600
$160.6K
Cap Rate 9%
$124,911
$124.9K
Market Conditions
NOI Build-Up for 1,485 SF
Gross rent
$17.6K $11.88/SF
− Vacancy
−$346 −$0.23/SF
EGI
$17.3K $11.65/SF
− OpEx
−$6.1K −$4.08/SF
NOI
$11.2K $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%
$224,840
Cap Rate 7%
$160,600
Cap Rate 9%
$124,911
Alternative Uses
Best Use
Flex RnD
$160.6K
$140.5K – $187.4K
NOI $11,242 @ 7.0% cap · market cap 3.86%
Second Best
Industrial
$131.0K
$114.7K – $152.9K
NOI $9,172 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$350.3K
$306.5K – $408.7K
NOI $24,523 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98248, WA
26,784
Population
10,576
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
93%
High-School Grad
71.8 sq mi
ZIP Area
373
Density / Sq Mi
$88,566
Median Household Income
$50,059
Median Earnings
$1,455
Median Rent
$550,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - The unit includes a bathroom with shower and a utility sink.
Where is this flex space located?
The property is located at 1958-1986 Baltic Way Ferndale, WA.
What is the asking price?
The asking price for this property is $291,000.
What are key features of this property?
This property features: 1,485 SF flex space unit; Two overhead doors: 14' x 14' and 9' x 8'; Bathroom with shower, plus a utility sink
