Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    164 Smith Rd Bellingham, WA 98226

    Sponsored
    For Sale
    $4,000,000

    High-yield warehouse, 33,804 SF, 100% occupied.

    Property size:
    33,804 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional industrial property, located at 164 W Smith Rd, Bellingham, WA 98226, presents a compelling investment opportunity. The 33,804 square foot warehouse and manufacturing facility sits on a spacious 12.04-acre lot, offering ample space for operations and expansion. The property boasts a strategic location, centrally positioned between Bellingham, Ferndale, and Lynden, providing easy access to the Canadian border and Interstate 5 via SR539. The property features a blend of industrial/shop space and recently renovated office space (completed in 2023). Extensive exterior storage, including silo storage, and a large yard area further enhance its functionality. Currently operating under a new 5-year NNN lease with a 100% occupancy rate, this stabilized investment generates a strong NOI of $261,413, resulting in an attractive 6.54% cap rate. The asking price is $4,000,000, translating to $118.33 per square foot. The property is zoned Rural Industrial and Manufacturing by Whatcom County, offering flexibility for various industrial uses. Built in phases (1970 and 1990), this property benefits from recent upgrades and a long-term lease, making it an ideal addition to any investment portfolio. APN: 3902254590790000.

    Property Features for 164 Smith Rd

    General Information

    Property type
    Manufacturing properties
    Square Feet
    33,804 SF
    Lot Size
    524,462 SF

    Building Details

    Year Renovated
    2023

    HighLights

    • 33,804 SF warehouse/manufacturing facility on a 12.04‑acre lot in Bellingham, WA.
    • Strategically located near Bellingham, Ferndale, and Lynden, with easy access to I‑5 and the Canadian border.
    • Features renovated office space (2023), extensive exterior & silo storage, and a large yard.
    • Currently under a new 5‑year NNN lease with 100% occupancy, generating a $261,413 NOI and a 6.54% cap rate.
    • Asking price: $4,000,000 ($118.33/SF). APN: 3902254590790000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Specified Fittings Manufacturer

    Suggested Use

    Restaurant Building Supply Wholesale Shop Gym & Fitness Auto Parts Store Auto Repair Shop Kitchen & Bath Grocery Store Bar & Pub Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Whatcom
    State
    Washington
    Longitude
    -122.4888979
    Latitude
    48.8363081

    Nearby Similar for Sale

    • $4,300,000
      41,261 SF

      Large Vacant Retail Building

      Value-add opportunity in a low vacancy market.
      1650 Birchwood Ave, Bellingham, WA 98225
      View Details
    • $2,500,000
      5,567 SF

      Downtown Bellingham Office Building

      Office building with developable lot and bay views.
      215 Prospect St, Bellingham, WA 98225
      View Details
    • $1,600,000
      1,431 SF

      Gas Station Convenience Store Opportunity

      Turnkey gas station with convenience store in a prime location.
      2730 Meridian St, Bellingham, WA 98225
      View Details
    • $3,100,000

      Brewery Landmark Location For Sale

      Landmark brewery property with beer garden and expansion potential.
      1107 Railroad Ave, Bellingham, WA 98225
      View Details
    • $7,800,000
      47,807 SF

      Bellingham Industrial Property For Sale

      Single-tenant, NNN leased property near I-5 in central Bellingham.
      2000 Kentucky St, Bellingham, WA 98229
      View Details
    • $1,700,000
      10,019 SF

      Old Town Bellingham Development Opportunity

      Prime site in revitalizing corridor, ideal for development/commercial use.
      1310 G St, Bellingham, WA 98225
      View Details
    • $79,900
      1,248 SF

      Spacious Mobile Home in Bellingham

      Updated mobile home in premier park, convenient location, motivated seller.
      1200 Lincoln St, Bellingham, WA 98229
      View Details
    • $499,950
      1,264 SF

      Versatile Commercial Space on Holly

      High-visibility commercial property with flexible zoning in Old Town Bellingham.
      1012 W Holly St, Bellingham, WA 98225
      View Details
    • $11,500,000
      12,388 SF

      Retail Strip Center For Sale

      Multi-tenant retail center with drive-thru in a major retail hub.
      102 West Stuart Rd, Bellingham, WA 98226
      View Details
    • $6,700,000
      7,696 SF

      Move-in Ready Medical Facility

      Fully equipped medical facility near PeaceHealth St. Joseph Medical Center.
      2500 Squalicum Pkwy, Bellingham, WA 98225
      View Details
    • $1,350,000

      High Clearance Commercial Building

      Versatile commercial building with shop, office, and service space.
      2108 Pacific St, Bellingham, WA 98229
      View Details
    • $2,590,000
      8,872 SF

      Architectural Award-Winning Acme Building

      Art Deco-inspired building with commercial kitchen and rooftop deck.
      1011 Harris Ave, Bellingham, WA 98225
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - High-yield warehouse, 33,804 SF, 100% occupied.
    Where is this manufacturing property located?
    The property is located at 164 Smith Rd Bellingham, WA.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: 33,804 SF warehouse/manufacturing facility on a 12.04-acre lot in Bellingham, WA.; Strategically located near Bellingham, Ferndale, and Lynden, with easy access to I-5 and the Canadian border.; Features renovated office space (2023), extensive exterior & silo storage, and a large yard.
    Request Owner's contact information
    164 Smith Rd Bellingham, WA 98226
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    164 Smith Rd
    Bellingham, WA 98226
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    164 Smith Rd Bellingham, WA 98226
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.