Remodeled Light Industrial
For Sale
Contact for pricing
710 Sunset Pond Lane Unit B5, Bellingham, WA 98226
Centrally located 1080 SF light industrial space for sale.
Property Size1,080 SF
Price / SF$249.07
Days on Market110
Property Features for 710 Sunset Pond Lane Unit B5
General Information
Standard status
Active
Size
1,080 SF
Property subtype
Industrial
Listing Agency:
Saratoga Commercial
(360) 676-4866
Listed By:
Elliott Kophs · License #24031443
Source:
Crexi
Added: May 15
Changed: Aug 25
Last Checked: Aug 29 at 10:39AM
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 Saratoga Commercial
Investment Insights
Based on property information with market context.
This property offers 1080 square feet of light industrial space. The unit has been newly remodeled and is centrally located. It features a grade-level roll-up door, a mezzanine space, and a full bathroom.
Key Highlights
- Centrally located for easy access.
- Newly remodeled, ready for immediate occupancy.
- 1080 SF of light industrial space.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,176
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$163,520
$163.5K
Cap Rate 7%
$116,800
$116.8K
Cap Rate 9%
$90,844
$90.8K
Market Conditions
NOI Build-Up for 1,080 SF
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.
Gross rent
$12.8K $11.88/SF
− Vacancy
−$251 −$0.23/SF
EGI
$12.6K $11.65/SF
− OpEx
−$4.4K −$4.08/SF
NOI
$8.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$163,520
Cap Rate 7%
$116,800
Cap Rate 9%
$90,844
Alternative Uses
Best Use
Flex RnD
$116.8K
$102.2K – $136.3K
NOI $8,176 @ 7.0% cap · market cap 3.04%
Second Best
Industrial
$95.3K
$83.4K – $111.2K
NOI $6,671 @ 7.0% cap · market cap 2.48%
Theoretical Best
Office A
$254.8K
$222.9K – $297.3K
NOI $17,835 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,408
Businesses Nearby
Under-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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- All City Catering — 3620 Iron Gate Rd, Bellingham, WA 98226
Frequently Asked Questions
What type of property is this?
Flex space - Centrally located 1080 SF light industrial space for sale.
Where is this flex space located?
The property is located at 710 Sunset Pond Lane Unit B5 Bellingham, WA.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Centrally located for easy access.; Newly remodeled, ready for immediate occupancy.; 1080 SF of light industrial space.
