Five Heated Industrial Condominium
2001 Henson Road Mount Vernon, WA 98273
For Sale
Contact for pricing
Five heated industrial condo units each include a storage/work area, ADA restroom with shower, and loft space.
Property Size1,800 SF
Price / SF$200
Days on Market70
Property Features for 2001 Henson Road
General Information
Standard status
Active
Size
1,800 SF
Property subtype
INDUSTRIAL
Listing Agency:
Windermere - Skagit Valley
(360) 421-4111
Listed By:
Balisa Koetje
(360) 421-4111
Source:
Moodyscre
Added: May 22
Changed: Jul 29
Last Checked: Jul 29 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 - Skagit Valley
Investment Insights
Based on property information with market context.
Five individual heated industrial condominium units, each approximately 1,800 SF, offering a work or storage area with an overhead 10 x 12 ft door. Each unit also includes an ADA restroom with a shower, loft space, and individual utilities.
The property is located near I-5 via the Anderson Road exit or the Kincaid Street exit, supporting convenient access for day-to-day operations and deliveries.
Condo association (COA) expenses are included with leasing, and COA covers water (with separate readers), sewer, and garbage.
The property is located near I-5 via the Anderson Road exit or the Kincaid Street exit, supporting convenient access for day-to-day operations and deliveries.
Condo association (COA) expenses are included with leasing, and COA covers water (with separate readers), sewer, and garbage.
Key Highlights
- Five individual heated industrial condo units
- Approx. 1,800 SF per unit
- Work or storage area plus overhead 10 x 12 ft door
Financial Insights For Warehouse
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 | $22.0k | $12.24 |
| − Vacancy | −$319 | −$0.18 |
| EGI | $21.7k | $12.06 |
| − OpEx | −$3.3k | −$1.81 |
| NOI | $18.5k | $10.25 |
1,800 SF · lease $12.24/SF/yr · vacancy 1.45% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$263.7K
$230.7K – $307.6K
NOI $18,456 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$732.1K
$640.6K – $854.1K
NOI $51,245 @ 7.0% cap · market cap 14.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Central Heated Mini Storage — 211 Anderson Rd # A, Mount Vernon, WA 98273
- U-Pack — 2829 Old Hwy 99 S, Mount Vernon, WA 98273
- Central Moving & Storage — 211 Anderson Rd, Mount Vernon, WA 98273
Frequently Asked Questions
What type of property is this?
Warehouse - Five heated industrial condo units each include a storage/work area, ADA restroom with shower, and loft space.
Where is this warehouse located?
The property is located at 2001 Henson Road Mount Vernon, WA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Five individual heated industrial condo units; Approx. 1,800 SF per unit; Work or storage area plus overhead 10 x 12 ft door
