Insulated Warehouse
For Sale
$210,000
A-7-8420 Portal Way, Blaine, WA 98230
The unit has electrical distribution, a space heater, and plumbing in place for restroom installation.
Property Size959 SF
Price / SF$218.98
Days on Market25
Property Features for A-7-8420 Portal Way
General Information
Standard status
Active
Size
959 SF
Additional Details
Highway Access
Yes
Warehouse Space
959 SF
Amenities
secure-access
professional management
Listing Agency:
Doug Freeman Real Estate
Listed By:
Sam Randhawa · License #24027736
(360) 332-6400
Source:
Exprealty
Added: Sep 21
Changed: Oct 11
Last Checked: Oct 15 at 1:26AM
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 Doug Freeman Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 959-square-foot warehouse unit features an insulated interior, painted walls, high ceilings, electrical distribution, and a space heater. Plumbing is present for a future restroom installation. The layout was planned to accommodate a mezzanine, subject to buyer verification.
The property is within a secure-access, professionally managed development in Blaine, near I-5 and the U.S.-Canada border.
The property is within a secure-access, professionally managed development in Blaine, near I-5 and the U.S.-Canada border.
Key Highlights
- 959‑square‑foot warehouse unit
- Insulated interior, painted walls, and high ceilings
- Electrical distribution and space heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,193
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$143,860
$143.9K
Cap Rate 7%
$102,757
$102.8K
Cap Rate 9%
$79,922
$79.9K
Market Conditions
NOI Build-Up for 959 SF
Gross rent
$8.6K $9.00/SF
− Vacancy
−$169 −$0.18/SF
EGI
$8.5K $8.82/SF
− OpEx
−$1.3K −$1.32/SF
NOI
$7.2K $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%
$143,860
Cap Rate 7%
$102,757
Cap Rate 9%
$79,922
Alternative Uses
Best Use
Warehouse
$102.8K
$89.9K – $119.9K
NOI $7,193 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$226.2K
$198.0K – $263.9K
NOI $15,836 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
95
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
Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Peace Arch Secure Storage — 3405 Birch Bay Lynden Rd, Custer, WA 98240
- Portal Way Storage — 8420 Portal Way, Blaine, WA 98230
- A To Z Storage Solutions — 8420 Portal Way, Blaine, WA 98230
Frequently Asked Questions
What type of property is this?
Warehouse - The unit has electrical distribution, a space heater, and plumbing in place for restroom installation.
Where is this warehouse located?
The property is located at A-7-8420 Portal Way Blaine, WA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 959‑square‑foot warehouse unit; Insulated interior, painted walls, and high ceilings; Electrical distribution and space heater
