78-Room Hotel Near
For Sale
Contact for pricing
5788 BARRETT RD, Ferndale, WA 98248
Hotel property near Bellingham International Airport with direct access to I-5 and potential for additional guest rooms or amenities.
Property Size34,952 SF
Price / SF$128.75
Days on Market56
Property Features for 5788 BARRETT RD
General Information
Standard status
Active
Size
34,952 SF
Property subtype
Hospitality
Investment Type
Owner/User
Net Operating Income
$160,000
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1997
Stories
3
Units
78
Listing Agency:
Coldwell Banker Commercial Bain Associates Bellingham
Listed By:
Nav Narwal · License #WA
Source:
Crexi
Added: Aug 11
Changed: Sep 27
Last Checked: Oct 5 at 3:56PM
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 Coldwell Banker Commercial Bain Associates Bellingham
Investment Insights
Based on property information with market context.
The 78-room hotel at 5788 Barrett Road was built in 1997 and occupies nearly 3 acres. The property is positioned for continued hotel operations and includes potential for additional guest rooms or amenities, subject to applicable approvals and site considerations.
Located near Bellingham International Airport, the hotel has direct access to I-5 and is identified as the Super 8 Bellingham Airport/Ferndale. Its room count, site area, and transportation access provide a clear operating profile for an owner-operator evaluating the property.
Located near Bellingham International Airport, the hotel has direct access to I-5 and is identified as the Super 8 Bellingham Airport/Ferndale. Its room count, site area, and transportation access provide a clear operating profile for an owner-operator evaluating the property.
Key Highlights
- 78‑room hotel built in 1997
- Nearly 3 acres of property
- Near Bellingham International Airport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$262,979
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,259,580
$5.3M
Cap Rate 7%
$3,756,843
$3.8M
Cap Rate 9%
$2,921,989
$2.9M
Market Conditions
NOI Build-Up for 34,952 SF
Gross rent
$629.1K $18.00/SF
− Vacancy
−$75.5K −$2.16/SF
EGI
$553.6K $15.84/SF
− OpEx
−$290.7K −$8.32/SF
NOI
$263.0K $7.52/SF
Area
Whatcom County, WA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,259,580
Cap Rate 7%
$3,756,843
Cap Rate 9%
$2,921,989
Alternative Uses
Best Use
Hotel Hospitality
$3.76M
$3.29M – $4.38M
NOI $262,979 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.25M
$7.21M – $9.62M
NOI $577,181 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
Explore this area
Business Placement
Demographics for 98248, WA
26,784
Population
10,576
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
93%
High-School Grad
71.8 sq mi
ZIP Area
373
Density / Sq Mi
$88,566
Median Household Income
$50,059
Median Earnings
$1,455
Median Rent
$550,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Hotel property near Bellingham International Airport with direct access to I-5 and potential for additional guest rooms or amenities.
Where is this hotel located?
The property is located at 5788 BARRETT RD Ferndale, WA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 78‑room hotel built in 1997; Nearly 3 acres of property; Near Bellingham International Airport
