Brand New Industrial
For Sale
$899,900
8580 Portal, Blaine, WA 98230
New 3,500 SF warehouse with thick-pour concrete floors, four 14-foot doors, insulation, lighting, and 3-phase power.
Property Size3,500 SF
Price / SF$257.11
Days on Market132
Property Features for 8580 Portal
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Commercial
Zoning
Gateway Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Heavy Power
Yes
Building Details
Year Built
2026
Construction
pole frame
Listing Agency:
RE/MAX Whatcom County,Inc.
Listed By:
Rob C. Merhaut · License #8258
(800) 723-1313
Source:
Skylineproperties
Added: Jun 1
Changed: Oct 10
Last Checked: Oct 10 at 1:06AM
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 RE/MAX Whatcom County,Inc.
Investment Insights
Based on property information with market context.
This brand new industrial warehouse is being offered for your use and features pole frame construction with thick-pour concrete floors. The building includes a bathroom, installed power, insulation, and lighting, along with four 14-foot doors and all-season access.
The property is located off Portal Way just north of Loomis Trail, with freeway (I-5) frontage. The Beacon Short Plat is described as having adequate water for potable needs and fire-flow, and includes two 60,000-gallon water tanks on the grounds.
Per the owners, the site is designated for “Gateway Industrial” use zoning, which they state allows for a variety of uses. Each parcel has an approved and installed septic system.
The property is located off Portal Way just north of Loomis Trail, with freeway (I-5) frontage. The Beacon Short Plat is described as having adequate water for potable needs and fire-flow, and includes two 60,000-gallon water tanks on the grounds.
Per the owners, the site is designated for “Gateway Industrial” use zoning, which they state allows for a variety of uses. Each parcel has an approved and installed septic system.
Key Highlights
- Brand new 3,500 SF warehouse building ready for use with thick‑pour concrete floors
- Pole frame construction with insulation and lighting, plus a bathroom in the building
- Four 14‑foot doors and all‑season access for efficient loading and year‑round use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,250
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,000
$525.0K
Cap Rate 7%
$375,000
$375.0K
Cap Rate 9%
$291,667
$291.7K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$31.5K $9.00/SF
− Vacancy
−$617 −$0.18/SF
EGI
$30.9K $8.82/SF
− OpEx
−$4.6K −$1.32/SF
NOI
$26.3K $7.50/SF
Area
Whatcom County, WA
Vacancy
1.96%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,000
Cap Rate 7%
$375,000
Cap Rate 9%
$291,667
Alternative Uses
Best Use
Warehouse
$375.0K
$328.1K – $437.5K
NOI $26,250 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$825.7K
$722.5K – $963.3K
NOI $57,797 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98230, WA
18,754
Population
9,395
Households
2
Avg Household Size
48
Median Age
32%
College-Educated
95%
High-School Grad
42.5 sq mi
ZIP Area
441
Density / Sq Mi
$82,716
Median Household Income
$45,603
Median Earnings
$1,255
Median Rent
$467,900
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - New 3,500 SF warehouse with thick-pour concrete floors, four 14-foot doors, insulation, lighting, and 3-phase power.
Where is this warehouse located?
The property is located at 8580 Portal Blaine, WA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Brand new 3,500 SF warehouse building ready for use with thick‑pour concrete floors; Pole frame construction with insulation and lighting, plus a bathroom in the building; Four 14‑foot doors and all‑season access for efficient loading and year‑round use
