Heated Storage Condo
2-2203 Mercedes Drive Lynden, WA 98264
For Sale
$225,000
Heated storage condo with a private bathroom and large overhead door for year-round access.
Property Size960 SF
Price / SF$234.38
Days on Market9
Property Features for 2-2203 Mercedes Drive
General Information
Standard status
Active
Size
960 SF
Listing Agency:
HomeSmart One Realty
(360) 738-9086
Listed By:
Darren Johnson
(360) 738-9086
Source:
Exprealty
Added: Jul 21
Changed: Jul 27
Last Checked: Jul 27 at 10:14PM
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 HomeSmart One Realty
Investment Insights
Based on property information with market context.
This 16' x 60' storage condo unit offers heated interior space designed for year-round convenience. The layout includes a private bathroom and a large overhead door for straightforward loading and access.
Located at 2-2203 Mercedes Drive in Lynden, the unit is positioned within a commercial storage setting where tenants can store a range of personal and business-related items, including RVs, boats, vehicles, inventory, equipment, and seasonal belongings.
The property is available for sale and can be used for personal storage or as an income-producing rental, depending on your intended use.
Located at 2-2203 Mercedes Drive in Lynden, the unit is positioned within a commercial storage setting where tenants can store a range of personal and business-related items, including RVs, boats, vehicles, inventory, equipment, and seasonal belongings.
The property is available for sale and can be used for personal storage or as an income-producing rental, depending on your intended use.
Key Highlights
- 16' x 60' storage condo in Lynden with heated interior
- Private bathroom included in the unit
- Large overhead door for easy access
Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $12.7k | $13.20 |
| − Vacancy | −$570 | −$0.59 |
| EGI | $12.1k | $12.61 |
| − OpEx | −$3.6k | −$3.78 |
| NOI | $8.5k | $8.82 |
960 SF · lease $13.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$121.0K
$105.9K – $141.2K
NOI $8,471 @ 7.0% cap · market cap 3.76%
Second Best
Warehouse
$102.9K
$90.0K – $120.0K
NOI $7,200 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$226.5K
$198.2K – $264.2K
NOI $15,853 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Self storage facility - Heated storage condo with a private bathroom and large overhead door for year-round access.
Where is this self storage facility located?
The property is located at 2-2203 Mercedes Drive Lynden, WA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 16' x 60' storage condo in Lynden with heated interior; Private bathroom included in the unit; Large overhead door for easy access
