End-Unit Office
905 Squalicum Way Bellingham, WA 98225
For Sale
Contact for pricing
End-unit commercial condo with reception, private offices, kitchen, two bathrooms, and four dedicated parking spaces.
Property Size1,829 SF
Price / SF$327.99
Days on Market105
Property Features for 905 Squalicum Way
General Information
Standard status
Active
Size
1,829 SF
Property subtype
OFFICE
Listing Agency:
Gage Commercial Real Estate LLC
(360) 303-2608
Listed By:
Tracy Carpenter · License #23452
(360) 303-2608
Source:
Moodyscre
Added: Apr 17
Changed: Jul 26
Last Checked: Jul 29 at 2:17PM
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 Gage Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
This end-unit commercial condo in Squalicum Lofts Business Park offers a versatile, two-level office layout. Inside, the space includes a reception and waiting area, a private office, a kitchen, and two bathrooms, including one with a shower. A former roll-up door opening was enclosed during a prior build-out, while the original opening remains in place, allowing for restoration if desired.
The property is positioned within the business park for prominent signage exposure along Squalicum Way. Access to I-5 is convenient, with adjacent walking trails and Squalicum Creek Park nearby.
The unit includes four dedicated parking spaces, with two located at the front and two at the rear.
The property is positioned within the business park for prominent signage exposure along Squalicum Way. Access to I-5 is convenient, with adjacent walking trails and Squalicum Creek Park nearby.
The unit includes four dedicated parking spaces, with two located at the front and two at the rear.
Key Highlights
- 1,826 SF end‑unit commercial condo in Squalicum Lofts Business Park
- Reception/waiting area plus private office, kitchen, and two bathrooms (one with shower)
- Versatile two‑level layout designed to adapt to different business needs
Financial Insights For Office B
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 | $41.3k | $22.56 |
| − Vacancy | −$7.1k | −$3.90 |
| EGI | $34.1k | $18.66 |
| − OpEx | −$8.5k | −$4.66 |
| NOI | $25.6k | $13.99 |
1,829 SF · lease $22.56/SF/yr · vacancy 17.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$365.6K
$319.9K – $426.6K
NOI $25,593 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$431.5K
$377.5K – $503.4K
NOI $30,203 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - End-unit commercial condo with reception, private offices, kitchen, two bathrooms, and four dedicated parking spaces.
Where is this office units located?
The property is located at 905 Squalicum Way Bellingham, WA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 1,826 SF end‑unit commercial condo in Squalicum Lofts Business Park; Reception/waiting area plus private office, kitchen, and two bathrooms (one with shower); Versatile two‑level layout designed to adapt to different business needs
