2748 Peace Portal Dr Unit 109, Blaine, WA 98230

Building Details

Year Built 2019 More

Listing Agency: Muljat Group

Listed By: Rod L. Blankers Show Phone

Source: Handrisrealty

Added: Sep 11 Changed: Nov 1 Last Checked: Nov 6 at 9:22AM

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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 Muljat Group

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Investment Insights

Based on property information with market context.

This warehouse condo provides 1,253 square feet of usable space within a 2019-built property. The layout includes an upstairs mezzanine that can accommodate office functions, workspace, or additional organized storage, while the main level includes a bathroom for added convenience.

Located at 2748 Peace Portal Dr Unit 109 in Blaine, the unit offers a practical setting for storage, hobbies, equipment, and recreational items. Its combination of open warehouse space, elevated auxiliary area, and on-site bathroom supports a range of personal and commercial storage applications.

Key Highlights

• 1,253 square feet of functional warehouse space
• Upstairs mezzanine for office, workspace, or additional storage
• Main‑level bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,398

Cap Rate

3.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$187,960 $188.0K

Cap Rate 7%

$134,257 $134.3K

Cap Rate 9%

$104,422 $104.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,253 SF

Gross rent

$11.3K $9.00/SF

− Vacancy

−$221 −$0.18/SF

EGI

$11.1K $8.82/SF

− OpEx

−$1.7K −$1.32/SF

NOI

$9.4K $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%

$187,960

Cap Rate 7%

$134,257

Cap Rate 9%

$104,422

Alternative Uses

Best Use

Warehouse

$134.3K

$117.5K – $156.6K (±1% cap)

NOI $9,398 @ 7.0% cap · market cap 3.93%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$295.6K

$258.6K – $344.9K (±1% cap)

NOI $20,691 @ 7.0% cap · market cap 8.66%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Jampha Tibetan Pharmacy Alternative Medicine Practice Ascension Concepts Agricultural Service

Suggested Use

Top Pick Building Supply Real Estate Agency Auto Parts Store Electrical Service Auto Repair Shop Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

72

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 98230, WA

18,754

Population

9,395

Households

2

Avg Household Size

48

Median Age

32%

College-Educated

95%

High-School Grad

42.5 sq mi

ZIP Area

441

Density / Sq Mi

$82,716

Median Household Income

$45,603

Median Earnings

$1,255

Median Rent

$467,900

Median Home Value

Market

Average Price Trend$/SF for Warehouses in Whatcom County, WA

$204 Jul

$207 Aug

$198 Sep

$197 Oct

Properties on Market for Warehouses in Whatcom County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Functional storage condo with flexible workspace and a convenient main-level bathroom.

Where is this warehouse located?

The property is located at 2748 Peace Portal Dr Unit 109 Blaine, WA.

What is the asking price?

The asking price for this property is $239,000.

What are key features of this property?

This property features: 1,253 square feet of functional warehouse space; Upstairs mezzanine for office, workspace, or additional storage; Main‑level bathroom