Self-Storage Unit with
For Sale
$445,000
720 Sunset Pond Ln Unit F4, Bellingham, WA 98226
Steel construction and finished interior improvements support storage, work, office, or hobby uses.
Property Size2,150 SF
Price / SF$206.98
Days on Market79
Property Features for 720 Sunset Pond Ln Unit F4
General Information
Standard status
Active
Size
2,150 SF
Property subtype
Commercial
Additional Details
Fenced Yard
Yes
Mezzanine
400 SF
Building Details
Year Built
2005
Construction
steel frame
Listing Agency:
Windermere RE Whatcom, Inc.
Listed By:
Chet E. Kenoyer · License #7168
(360) 303-1450
Source:
Handrisrealty
Added: Aug 6
Changed: Oct 21
Last Checked: Oct 20 at 9:04PM
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 RE Whatcom, Inc.
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Investment Insights
Based on property information with market context.
Unit F4 is a 2,150-square-foot self-storage property in a steel-framed building constructed in 2005. The interior includes a finished 400-square-foot mezzanine with windows, sheetrock, and carpet, creating additional enclosed space within the unit. A bathroom with a utility sink and hot water adds practical utility for occupants.
The unit is part of a fenced storage complex with controlled access. Its configuration supports a range of storage and work functions, including vehicle, boat, recreational equipment, inventory, household storage, workshop, office, or hobby use. The property is located at 720 Sunset Pond Ln in Bellingham, Washington.
The unit is part of a fenced storage complex with controlled access. Its configuration supports a range of storage and work functions, including vehicle, boat, recreational equipment, inventory, household storage, workshop, office, or hobby use. The property is located at 720 Sunset Pond Ln in Bellingham, Washington.
Key Highlights
- 2,150‑square‑foot self‑storage unit
- Finished 400‑square‑foot mezzanine with windows, sheetrock, and carpet
- Steel‑framed building constructed in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,972
Cap Rate
4.26%
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
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
NOI $18,972 @ 7.0% cap · market cap 4.26%
Second Best
Warehouse
$230.4K
$201.6K – $268.8K
NOI $16,125 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$507.2K
$443.8K – $591.7K
NOI $35,504 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
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
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Self storage facility - Steel construction and finished interior improvements support storage, work, office, or hobby uses.
Where is this self storage facility located?
The property is located at 720 Sunset Pond Ln Unit F4 Bellingham, WA.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 2,150‑square‑foot self‑storage unit; Finished 400‑square‑foot mezzanine with windows, sheetrock, and carpet; Steel‑framed building constructed in 2005
