Commercial Industrial Condo with Overhead
700 Sunset Pond Ln Bellingham, WA 98226
700 Sunset Pond Ln, Bellingham, WA, 98226
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For Sale
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Industrial condo with a main-floor shop, loft/second-floor flexible area, overhead door, and on-site gated parking option.
Property Size1,580 SF
Price / SF$158.23
Days on Market126
Property Features for 700 Sunset Pond Ln
General Information
- Standard status
- Active
- Size
- 1,580 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2003
Listing agency
BuyerMax - RE/MAX Whatcom County, Inc
(360) 739-5600
Listed by
Keith Cook · License #WA 7189
Source
Crexi
Added: Mar 20 Updated: Jul 22 at 11:08PM Checked: Jul 22 at 11:08PM
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 BuyerMax - RE/MAX Whatcom County, Inc
Investment Insights
Based on property information with market context.
This commercial industrial condo in a secure gated complex offers a main-floor shop area and an additional loft/second-floor level. The unit includes a 12' x 14' overhead door and a separate entry door, along with two bathrooms: a half bath on the main floor and a three-quarter bath with a shower upstairs. The upper level features a finished area with a kitchen area plus flexible space that can support office, storage, or additional work use.
Heating is provided by an area heater on the main floor and a ductless mini-split unit upstairs. Also included is a dedicated individual parking space located just around the corner adjacent to the building, suited for a larger trailer, equipment, or a storage container.
The property is offered for sale as a versatile industrial condo within Sunset Pond Business Park, with additional terms subject to buyer credit approval.
Heating is provided by an area heater on the main floor and a ductless mini-split unit upstairs. Also included is a dedicated individual parking space located just around the corner adjacent to the building, suited for a larger trailer, equipment, or a storage container.
The property is offered for sale as a versatile industrial condo within Sunset Pond Business Park, with additional terms subject to buyer credit approval.
Key Highlights
- Commercial‑industrial condo in Bellingham’s Sunset Pond Business Park (built 2003) with 1,580 total SF: 1,180 SF main‑floor shop plus 400 SF loft/2nd floor.
- Main‑floor includes a 12' x 14' overhead door and separate entry door, with well‑insulated construction.
- Two bathrooms: half bath on main floor and three‑quarter bath with shower upstairs.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.8k | $11.88 |
| − Vacancy | −$368 | −$0.23 |
| EGI | $18.4k | $11.65 |
| − OpEx | −$6.4k | −$4.08 |
| NOI | $12.0k | $7.57 |
1,580 SF · lease $11.88/SF/yr · vacancy 1.96% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$170.9K
$149.5K – $199.4K
NOI $11,962 @ 7.0% cap · market cap 4.78%
Second Best
Warehouse
$169.3K
$148.1K – $197.5K
NOI $11,850 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$372.7K
$326.1K – $434.9K
NOI $26,091 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Armstrong Magnetics, Inc
Big Box & Wholesale Store
Marathon Cleaners Bellingham
Hardware & Home Improvement
Similar For Sale Nearby
Similar Off Market Nearby
- All City Catering — 3620 Iron Gate Rd, Bellingham, WA 98226
FAQs
What type of property is this?
Flex space - Industrial condo with a main-floor shop, loft/second-floor flexible area, overhead door, and on-site gated parking option.
Where is this flex space located?
The property is located at 700 Sunset Pond Ln Bellingham, WA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Commercial‑industrial condo in Bellingham’s Sunset Pond Business Park (built 2003) with 1,580 total SF: 1,180 SF main‑floor shop plus 400 SF loft/2nd floor.; Main‑floor includes a 12' x 14' overhead door and separate entry door, with well‑insulated construction.; Two bathrooms: half bath on main floor and three‑quarter bath with shower upstairs.
