2762 Peace Portal Dr Unit E126, Blaine, WA 98230

Building Details

Year Built 2020 More

Listing Agency: Muljat Group

Listed By: Rod L. Blankers Show Phone

Source: Pugetsoundpropertyguide

Added: Aug 5 Changed: Nov 1 Last Checked: Nov 6 at 9:12AM

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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 1,204-square-foot storage condominium at 2762 Peace Portal Dr Unit E126 provides a practical warehouse-style layout for storage, equipment, hobbies, and recreational items. The unit includes an enclosed upstairs mezzanine that adds separate space for an office, work area, or additional organized storage, along with a bathroom on the main level.

Built in 2020, the property is located in Blaine, Washington. Its combination of ground-level functionality, supplemental mezzanine area, and on-site bathroom supports a range of personal or storage-oriented uses within a defined commercial unit.

Key Highlights

• 1,204‑square‑foot storage condominium
• Enclosed upstairs mezzanine adds office, workspace, or storage area
• Main‑level bathroom included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,115

Cap Rate

3.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$182,300 $182.3K

Cap Rate 7%

$130,214 $130.2K

Cap Rate 9%

$101,278 $101.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,204 SF

Gross rent

$14.3K $11.88/SF

− Vacancy

−$280 −$0.23/SF

EGI

$14.0K $11.65/SF

− OpEx

−$4.9K −$4.08/SF

NOI

$9.1K $7.57/SF

Area

Whatcom County, WA

Vacancy

1.96%

Lease Rate

$11.88 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$182,300

Cap Rate 7%

$130,214

Cap Rate 9%

$101,278

Alternative Uses

Best Use

Flex RnD

$130.2K

$113.9K – $151.9K (±1% cap)

NOI $9,115 @ 7.0% cap · market cap 3.81%

Second Best

Warehouse

$129.0K

$112.9K – $150.5K (±1% cap)

NOI $9,030 @ 7.0% cap · market cap 3.78%

Theoretical Best

Office A

$284.0K

$248.5K – $331.4K (±1% cap)

NOI $19,882 @ 7.0% cap · market cap 8.32%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Skunk Processors LLC Big Box & Wholesale Store

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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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Warehouse - Enclosed mezzanine and main-level bathroom support storage, workspace, and equipment needs.

Where is this warehouse located?

The property is located at 2762 Peace Portal Dr Unit E126 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: 1,204‑square‑foot storage condominium; Enclosed upstairs mezzanine adds office, workspace, or storage area; Main‑level bathroom included