720 Sunset Pond Ln, Bellingham, WA 98226

Building Details

Construction steel-framed More

Listing Agency: Windermere - Whatcom Co. Show Phone

Listed By: Chet Kenoyer · License WA #7168 Show Phone

Source: Moodyscre

Added: Jul 29 Changed: Oct 25 Last Checked: Nov 10 at 8:21AM

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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 Windermere - Whatcom Co.

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Investment Insights

Based on property information with market context.

This 2,150-square-foot self-storage unit is constructed with a steel frame and includes a finished 400-square-foot mezzanine. The upper-level area has windows, sheetrock, and carpet, while the main space is complemented by a bathroom with a utility sink and hot water. The configuration supports storage, workshop, office, hobby, vehicle, boat, recreational equipment, inventory, or household use as described for the property.

The unit is part of a fenced complex with controlled access at 720 Sunset Pond Ln in Bellingham, Washington. Its combination of substantial storage area, finished auxiliary space, and basic plumbing improvements provides a flexible format for personal or business storage needs.

Key Highlights

• 2,150 square feet of self‑storage space
• Finished 400 square feet mezzanine with windows, sheetrock, and carpet
• Steel‑framed construction

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,972

Cap Rate

3.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$379,440 $379.4K

Cap Rate 7%

$271,029 $271.0K

Cap Rate 9%

$210,800 $210.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,150 SF

Gross rent

$28.4K $13.20/SF

− Vacancy

−$1.3K −$0.59/SF

EGI

$27.1K $12.61/SF

− OpEx

−$8.1K −$3.78/SF

NOI

$19.0K $8.82/SF

Area

Whatcom County, WA

Vacancy

4.50%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$379,440

Cap Rate 7%

$271,029

Cap Rate 9%

$210,800

Alternative Uses

Best Use

Self Storage

$271.0K

$237.2K – $316.2K (±1% cap)

NOI $18,972 @ 7.0% cap · market cap 3.91%

Second Best

Warehouse

$230.4K

$201.6K – $268.8K (±1% cap)

NOI $16,125 @ 7.0% cap · market cap 3.32%

Theoretical Best

Office A

$507.2K

$443.8K – $591.7K (±1% cap)

NOI $35,504 @ 7.0% cap · market cap 7.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Auda Sinda Mill Amerapex Corporation Industrial Consultant

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Grocery & Convenience Store Auto Parts Store HVAC Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

1,408

Businesses Nearby

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

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Self storage facility - Steel-framed unit in a fenced complex includes a finished interior mezzanine, bathroom, and utility sink.

Where is this self storage facility located?

The property is located at 720 Sunset Pond Ln Bellingham, WA.

What is the asking price?

The asking price for this property is $485,000.

What are key features of this property?

This property features: 2,150 square feet of self‑storage space; Finished 400 square feet mezzanine with windows, sheetrock, and carpet; Steel‑framed construction