Light Industrial Condo
For Sale
$259,900
2756 Peace Portal Dr, Blaine, WA 98223
Newly under-construction light industrial condo features a main level and mezzanine with 3-phase 100-amp service.
Property Size1,172 SF
Price / SF$221.76
Days on Market113
Property Features for 2756 Peace Portal Dr
General Information
Standard status
Active
Size
1,172 SF
Additional Details
Highway Access
Yes
Heavy Power
Yes
Building Details
Year Built
2026
Listing Agency:
Pacific Continental Realty LLC
Listed By:
Pete Wasley
(360) 739-7898
Source:
Lincolnpnwteam
Added: Jul 3
Changed: Oct 16
Last Checked: Oct 7 at 12:55PM
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 Pacific Continental Realty LLC
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Investment Insights
Based on property information with market context.
Newly under construction light industrial condo unit in Building C, part of a broader light industrial condo project. The unit is configured with main floor space plus a mezzanine, including a main floor restroom. Suites are wired with 3-phase 100-amp service, designed to support small business and contractor-type operations.
The project is positioned in the Peace Portal Way area of Blaine with direct access to the I-5 corridor, including an offramp to the north and an onramp to the south located at the property.
Building C represents the final phase of the project, with scheduled completion in August 2026.
The project is positioned in the Peace Portal Way area of Blaine with direct access to the I-5 corridor, including an offramp to the north and an onramp to the south located at the property.
Building C represents the final phase of the project, with scheduled completion in August 2026.
Key Highlights
- Brand new light industrial condos under construction in Blaine (Building C, last phase).
- 1172 SF unit layout with 909 SF main floor and 263 SF mezzanine, including a main‑floor restroom.
- Each suite is wired with 3‑phase 100‑amp electrical service.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,216
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,320
$264.3K
Cap Rate 7%
$188,800
$188.8K
Cap Rate 9%
$146,844
$146.8K
Market Conditions
NOI Build-Up for 1,172 SF
Gross rent
$22.2K $18.96/SF
− Vacancy
−$1.9K −$1.61/SF
EGI
$20.3K $17.35/SF
− OpEx
−$7.1K −$6.07/SF
NOI
$13.2K $11.28/SF
Area
Snohomish County, WA
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,320
Cap Rate 7%
$188,800
Cap Rate 9%
$146,844
Alternative Uses
Best Use
Flex RnD
$188.8K
$165.2K – $220.3K
NOI $13,216 @ 7.0% cap · market cap 5.09%
Second Best
Industrial
$162.6K
$142.3K – $189.7K
NOI $11,383 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$326.9K
$286.0K – $381.3K
NOI $22,880 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98223, WA
45,139
Population
18,224
Households
2.5
Avg Household Size
40
Median Age
21%
College-Educated
93%
High-School Grad
316.2 sq mi
ZIP Area
143
Density / Sq Mi
$96,478
Median Household Income
$52,487
Median Earnings
$1,780
Median Rent
$556,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Newly under-construction light industrial condo features a main level and mezzanine with 3-phase 100-amp service.
Where is this flex space located?
The property is located at 2756 Peace Portal Dr Blaine, WA.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Brand new light industrial condos under construction in Blaine (Building C, last phase).; 1172 SF unit layout with 909 SF main floor and 263 SF mezzanine, including a main‑floor restroom.; Each suite is wired with 3‑phase 100‑amp electrical service.
