Flex Space with Two Overhead
For Sale
$291,000
1958 Baltic Way Unit E-103, Ferndale, WA 98248
A bathroom with shower, utility sink, and 50-amp RV outlet support business operations or vehicle storage.
Property Size1,485 SF
Price / SF$195.96
Days on Market13
Property Features for 1958 Baltic Way Unit E-103
General Information
Standard status
Active
Size
1,485 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Sprinkler System
Yes
Amenities
bathroom with shower
utility sink
50-amp RV outlet
Comcast Business wiring
secure gated access
dedicated addresses with individual mailboxes
Building Details
Year Built
2026
Listing Agency:
Windermere RE Whatcom, Inc.
Listed By:
David Rehm
(360) 734-7500
Source:
Viewhomesinpugetsound
Added: Oct 3
Changed: Oct 11
Last Checked: Oct 14 at 11:05PM
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.
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 2026 flex space unit offers 1,485 square feet, concrete floors, and a bathroom with shower. Two overhead doors measure 14' x 14' and 9' x 8'. Additional features include a utility sink, fire sprinklers, a 50-amp RV outlet, and Comcast Business wiring.
The condominium complex has gated entry by keypad or remote, dedicated addresses with individual mailboxes, and aisleways over 50 feet wide. The property provides access to I-5.
The condominium complex has gated entry by keypad or remote, dedicated addresses with individual mailboxes, and aisleways over 50 feet wide. The property provides access to I-5.
Key Highlights
- 1,485 SF unit with concrete floors
- 14' x 14' and 9' x 8' overhead doors
- Bathroom with shower and 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
Warehouse
$159.1K
$139.2K – $185.6K
NOI $11,138 @ 7.0% cap · market cap 3.83%
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
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 - A bathroom with shower, utility sink, and 50-amp RV outlet support business operations or vehicle storage.
Where is this flex space located?
The property is located at 1958 Baltic Way Unit E-103 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 unit with concrete floors; 14' x 14' and 9' x 8' overhead doors; Bathroom with shower and utility sink
