Brand New Industrial
8580 Portal Way Blaine, WA 98230
8580 Portal Way, Blaine, WA, 98230
$899,900
For Sale
$899,900
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 Market33
Property Features for 8580 Portal Way
General Information
- Standard status
- Active
- Size
- 3,500 SF
Listing agency
RE/MAX Whatcom County, Inc.
(360) 647-1313
Listed by
Rob C. Merhaut · License #8258
(360) 647-1313
Source
Exprealty
Added: Jun 19 Updated: Jul 21 at 5:49PM Checked: Jul 21 at 5:49PM
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
Local Financial Insights For Warehouse
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 | $31.5k | $9.00 |
| − Vacancy | −$617 | −$0.18 |
| EGI | $30.9k | $8.82 |
| − OpEx | −$4.6k | −$1.32 |
| NOI | $26.3k | $7.50 |
3,500 SF · lease $9.00/SF/yr · vacancy 1.96% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
Similar Off Market Nearby
- Portal Way Storage — 8420 Portal Way, Blaine, WA 98230
- A To Z Storage Solutions — 8420 Portal Way, Blaine, WA 98230
FAQs
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 Way 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
