Industrial Storage
3641 Irongate Rd #C6, Bellingham, WA 98226
For Sale
$385,000
Gated warehouse condominium with secure 24/7 access, dedicated loading, and finished interior improvements.
Property Size1,500 SF
Price / SF$256.67
Days on Market56
Property Features for 3641 Irongate Rd #C6
General Information
Standard status
Size
Property subtype
Warehouse & Industrial
Warehouse Space
Voltage
Amenities
ADA bathroom
on-site manager
24/7 access
vaulted ceiling
custom paint
epoxy flooring
Building Details
Year Built
Construction
Listed By:
Moyer Real Estate
(206) 724-3810
Source:
Moyerrealestate
Added: Sep 13
Changed: Oct 26
Last Checked: Nov 6 at 8:27AM
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 Moyer Real Estate
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Investment Insights
Based on property information with market context.
Built in 2020, this 1,500-square-foot industrial and storage condominium occupies a 30x50-foot footprint within the Store House gated complex. The unit features steel construction, CMU block walls, metal roofing, an ADA bathroom, and a 14x16-foot overhead door with windows and an automated opener. A high vaulted ceiling, 220-volt wiring, additional outlets, custom paint, upgraded lighting, and an epoxy floor support a range of storage and workspace needs.
The property is part of Irongate Industrial Business Park at 3641 Irongate Rd #C6 in Bellingham, Washington. An on-site manager serves the Store House Heated Storage complex, which provides secure access 24 hours a day, seven days a week.
The property is part of Irongate Industrial Business Park at 3641 Irongate Rd #C6 in Bellingham, Washington. An on-site manager serves the Store House Heated Storage complex, which provides secure access 24 hours a day, seven days a week.
Key Highlights
- 1,500‑square‑foot industrial/storage condominium with a 30x50‑foot footprint
- Constructed in 2020 with steel, CMU block, and metal roofing
- 14x16‑foot overhead door with windows and automated opener
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,250
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,000
$225.0K
Cap Rate 7%
$160,714
$160.7K
Cap Rate 9%
$125,000
$125.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$13.5K $9.00/SF
− Vacancy
−$265 −$0.18/SF
EGI
$13.2K $8.82/SF
− OpEx
−$2.0K −$1.32/SF
NOI
$11.3K $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%
$225,000
Cap Rate 7%
$160,714
Cap Rate 9%
$125,000
Alternative Uses
Best Use
Warehouse
$160.7K
$140.6K – $187.5K
NOI $11,250 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$353.9K
$309.6K – $412.8K
NOI $24,770 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98226, WA
47,011
Population
20,609
Households
2.3
Avg Household Size
40
Median Age
40%
College-Educated
95%
High-School Grad
105.8 sq mi
ZIP Area
444
Density / Sq Mi
$79,684
Median Household Income
$45,337
Median Earnings
$1,557
Median Rent
$568,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Bellingham, WA
Properties on Market for Warehouses in Bellingham
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Sunset Storage — 3423 James St, Bellingham, WA 98226
- Storehouse Mini Storage Complex — 3651 Iron Gate Rd, Bellingham, WA 98226
- Bellingham RV Storage — 3820 Hammer Dr, Bellingham, WA 98226
- Storage Solutions — 1082 Telegraph Rd, Bellingham, WA 98226
- Baker Creek Storage — 1621 Baker Creek Pl, Bellingham, WA 98226
Frequently Asked Questions
What type of property is this?
Warehouse - Gated warehouse condominium with secure 24/7 access, dedicated loading, and finished interior improvements.
Where is this warehouse located?
The property is located at 3641 Irongate Rd #C6 Bellingham, WA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 1,500‑square‑foot industrial/storage condominium with a 30x50‑foot footprint; Constructed in 2020 with steel, CMU block, and metal roofing; 14x16‑foot overhead door with windows and automated opener
