Flex Space with Mezzanine
For Sale
$2,356,000
1958 Baltic Unit E-108, Ferndale, WA 98248
The unit includes two bathrooms with showers, utility sinks, 50-amp outlets and Comcast Business wiring.
Property Size13,190 SF
Price / SF$178.62
Days on Market19
Property Features for 1958 Baltic Unit E-108
General Information
Standard status
Active
Size
13,190 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Mezzanine
1,310 SF
Sprinkler System
Yes
Amenities
bathrooms with showers
utility sinks
Comcast Business wiring
secure gated access
dedicated addresses with individual mailboxes
EV charging stations
over 50' wide aisleways
expanded parking
Building Details
Year Built
2026
Listing Agency:
Windermere RE Whatcom,Inc.
Listed By:
David Rehm
(360) 734-7500
Source:
Skylineproperties
Added: Sep 28
Changed: Oct 15
Last Checked: Oct 14 at 11:10PM
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 RE Whatcom,Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2026 flex space unit has 13,190 total square feet in its current configuration, including an 11,880-square-foot floorplan and two 655-square-foot mezzanine decks. Sixteen overhead doors provide multiple access points: eight measure 14' x 14' and eight measure 9' x 8'. The unit also has two bathrooms with showers, windows, concrete floors, fire sprinklers, utility sinks, 50-amp outlets and Comcast Business wiring.
Located at 1958 Baltic, Unit E-108, in Ferndale, the property offers access to I-5. The complex features secure entry by keypad or remote, aisleways more than 50 feet wide, dedicated addresses and individual mailboxes. EV charging stations and expanded parking are also available within the complex.
Located at 1958 Baltic, Unit E-108, in Ferndale, the property offers access to I-5. The complex features secure entry by keypad or remote, aisleways more than 50 feet wide, dedicated addresses and individual mailboxes. EV charging stations and expanded parking are also available within the complex.
Key Highlights
- 13,190 total square feet, including an 11,880 SF floorplan and two 655 SF mezzanine decks
- Sixteen overhead doors: eight 14' x 14' and eight 9' x 8'
- Two bathrooms with showers; also includes utility sinks and concrete floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,857
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,997,140
$2.0M
Cap Rate 7%
$1,426,529
$1.4M
Cap Rate 9%
$1,109,522
$1.1M
Market Conditions
NOI Build-Up for 13,190 SF
Gross rent
$156.7K $11.88/SF
− Vacancy
−$3.1K −$0.23/SF
EGI
$153.6K $11.65/SF
− OpEx
−$53.8K −$4.08/SF
NOI
$99.9K $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%
$1,997,140
Cap Rate 7%
$1,426,529
Cap Rate 9%
$1,109,522
Alternative Uses
Best Use
Flex RnD
$1.43M
$1.25M – $1.66M
NOI $99,857 @ 7.0% cap · market cap 4.24%
Second Best
Warehouse
$1.41M
$1.24M – $1.65M
NOI $98,926 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$3.11M
$2.72M – $3.63M
NOI $217,814 @ 7.0% cap · market cap 9.25%
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
Fenced yard
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 two bathrooms with showers, utility sinks, 50-amp outlets and Comcast Business wiring.
Where is this flex space located?
The property is located at 1958 Baltic Unit E-108 Ferndale, WA.
What is the asking price?
The asking price for this property is $2,356,000.
What are key features of this property?
This property features: 13,190 total square feet, including an 11,880 SF floorplan and two 655 SF mezzanine decks; Sixteen overhead doors: eight 14' x 14' and eight 9' x 8'; Two bathrooms with showers; also includes utility sinks and concrete floors
