Storage Warehouse
2762 Peace Portal Dr Unit E127, Blaine, WA 98230
For Sale
$239,000
Enclosed mezzanine and main-level bathroom support organized storage, hobbies, equipment, or workspace needs.
Property Size1,093 SF
Price / SF$218.66
Days on Market95
Property Features for 2762 Peace Portal Dr Unit E127
General Information
Standard status
Size
Property subtype
Amenities
bathroom
Building Details
Year Built
Listing Agency:
Muljat Group
Listed By:
Rod L. Blankers
(360) 815-0325
Source:
Handrisrealty
Added: Aug 5
Changed: Nov 1
Last Checked: Nov 6 at 9:27AM
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.
Built in 2020, this storage condo offers 1,093 square feet of functional interior space at 2762 Peace Portal Dr, Unit E127, in Blaine. The layout includes an enclosed upstairs mezzanine that expands the usable area for office, workspace, or storage functions, along with a bathroom on the main level.
The property is suited to storage, hobbies, equipment, and recreational items, with a configuration that can accommodate both organized storage and work-oriented use. Its warehouse-style format provides a dedicated space for personal or operational needs.
The property is suited to storage, hobbies, equipment, and recreational items, with a configuration that can accommodate both organized storage and work-oriented use. Its warehouse-style format provides a dedicated space for personal or operational needs.
Key Highlights
- 1,093‑square‑foot storage condo in Blaine
- Enclosed upstairs mezzanine adds office, workspace, or storage area
- Main‑level bathroom included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,275
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$165,500
$165.5K
Cap Rate 7%
$118,214
$118.2K
Cap Rate 9%
$91,944
$91.9K
Market Conditions
NOI Build-Up for 1,093 SF
Gross rent
$13.0K $11.88/SF
− Vacancy
−$255 −$0.23/SF
EGI
$12.7K $11.65/SF
− OpEx
−$4.5K −$4.08/SF
NOI
$8.3K $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%
$165,500
Cap Rate 7%
$118,214
Cap Rate 9%
$91,944
Alternative Uses
Best Use
Flex RnD
$118.2K
$103.4K – $137.9K
NOI $8,275 @ 7.0% cap · market cap 3.46%
Second Best
Warehouse
$117.1K
$102.5K – $136.6K
NOI $8,198 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$257.8K
$225.6K – $300.8K
NOI $18,049 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Well-served
Demand for This Use
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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
$467,900
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Whatcom County, WA
Properties on Market for Warehouses in Whatcom County
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Drayton Harbor Mini Storage — 8870 Blaine Rd, Blaine, WA 98230
Frequently Asked Questions
What type of property is this?
Warehouse - Enclosed mezzanine and main-level bathroom support organized storage, hobbies, equipment, or workspace needs.
Where is this warehouse located?
The property is located at 2762 Peace Portal Dr Unit E127 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: 1,093‑square‑foot storage condo in Blaine; Enclosed upstairs mezzanine adds office, workspace, or storage area; Main‑level bathroom included
