Visible Mixed-Use Building in
For Sale
$699,000
1990 Main St, Ferndale, WA 98248
Stand-alone building in shell condition with retail and warehouse space.
Property Size5,656 SF
Price / SF$123.59
Days on Market252
Property Features for 1990 Main St
General Information
Standard status
Active
Size
5,656 SF
Building Details
Year Built
1984
Listing Agency:
Gage CRE
Listed By:
Tracy Carpenter · License #23452
(360) 483-0508
Source:
Navidirealty
Added: Jan 26
Changed: Sep 18
Last Checked: Oct 5 at 7:40PM
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 Gage CRE
Investment Insights
Based on property information with market context.
Located centrally in Whatcom County, the property at 1990 Main St features a highly visible stand-alone building. Situated after crossing the 'Metallica' bridge in Ferndale, the property is easily seen from Main St. The lot is level and fully paved. The building offers 5,656 square feet in shell condition, suitable for mixed-use purposes. The building is designed as a mix of retail and warehouse/shop space, including a 10 ft roll-up door in the rear. The front of the lot has been recently paved. Ample parking is available on-site, with additional street parking available off Main St and 1st St. Utilities are available at the street.
Key Highlights
- Highly visible, stand‑alone building on Main St in central Whatcom County.
- 5,656 SF building suitable for retail and warehouse/shop use.
- Ample parking with onsite and street parking available.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,420
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,400
$848.4K
Cap Rate 7%
$606,000
$606.0K
Cap Rate 9%
$471,333
$471.3K
Market Conditions
NOI Build-Up for 5,656 SF
Gross rent
$50.9K $9.00/SF
− Vacancy
−$998 −$0.18/SF
EGI
$49.9K $8.82/SF
− OpEx
−$7.5K −$1.32/SF
NOI
$42.4K $7.50/SF
Area
Whatcom County, WA
Vacancy
1.96%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,400
Cap Rate 7%
$606,000
Cap Rate 9%
$471,333
Alternative Uses
Best Use
Mixed Use
$1.03M
$897.2K – $1.20M
NOI $71,775 @ 7.0% cap · market cap 10.27%
Second Best
Retail
$964.1K
$843.6K – $1.12M
NOI $67,489 @ 7.0% cap · market cap 9.66%
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,401 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Stand-alone building in shell condition with retail and warehouse space.
Where is this mixed-use property located?
The property is located at 1990 Main St Ferndale, WA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Highly visible, stand‑alone building on Main St in central Whatcom County.; 5,656 SF building suitable for retail and warehouse/shop use.; Ample parking with onsite and street parking available.
