Heated Storage Unit
2203 Mercedes Drive #2 Lynden, WA 98264
New
For Sale
$225,000
Heated 16' x 60' storage condo with a private bathroom and large overhead door for convenient access.
Property Size960 SF
Price / SF$234.38
Days on Market7
Property Features for 2203 Mercedes Drive #2
General Information
- Standard status
- Active
- Size
- 960 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2023
Listing Agency:
HOMESMART ONE REALTY
(360) 738-9086
Listed By:
DARREN JOHNSON
Source:
Corcoran
Added: Jul 21
Changed: Jul 25
Last Checked: Jul 27 at 6:11AM
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 sale offers a versatile storage condo measuring 16' x 60'. The unit features a heated interior, a private bathroom, and a large overhead door designed for straightforward, year-round access.
Located at 2203 Mercedes Drive #2 in Lynden, the property is positioned for convenient storage needs for items such as RVs, boats, vehicles, and business inventory, as well as seasonal belongings.
The configuration is well suited for tenants or owners seeking a secure, enclosed storage space with built-in comfort and practical entry through the overhead door.
Located at 2203 Mercedes Drive #2 in Lynden, the property is positioned for convenient storage needs for items such as RVs, boats, vehicles, and business inventory, as well as seasonal belongings.
The configuration is well suited for tenants or owners seeking a secure, enclosed storage space with built-in comfort and practical entry through the overhead door.
Key Highlights
- 16' x 60' storage condo built in 2023 in Lynden
- Heated interior for year‑round use
- Private bathroom included
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self storage facilities
FAQs
What type of property is this?
Self storage facility - Heated 16' x 60' storage condo with a private bathroom and large overhead door for convenient access.
Where is this self storage facility located?
The property is located at 2203 Mercedes Drive #2 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 built in 2023 in Lynden; Heated interior for year‑round use; Private bathroom included
