Industrial Condo with Overhead
A2-700 Sunset Pond Ln Bellingham, WA 98226
A2-700 Sunset Pond Ln, Bellingham, WA, 98226
$250,000
For Sale
$250,000
Industrial condo features a main-floor shop with loft office/storage space and a 12' x 14' overhead door.
Property Size1,580 SF
Price / SF$158.23
Days on Market129
Property Features for A2-700 Sunset Pond Ln
General Information
- Standard status
- Active
- Size
- 1,580 SF
Listing agency
RE/MAX Whatcom County, Inc.
(360) 647-1313
Listed by
Keith Cook · License #7189
(360) 647-1313
Source
Exprealty
Added: Mar 17 Updated: Jul 23 at 3:23AM Checked: Jul 23 at 3:23AM
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.
Commercial industrial condo in Bellingham’s Sunset Pond Business Park offering main-floor shop space with an added loft/second-floor area, totaling 1,580 square feet. The unit includes a 12' x 14' overhead door plus a separate entry door. Interiors include two bathrooms, with a half bath on the main floor and a three-quarter bathroom with shower upstairs. The upper level is finished with a kitchen area and flexible space suited for an office, storage, or an additional work area.
The property has heating with an area heater on the main floor and a ductless mini-split upstairs. It is located within a secure gated complex. An additional dedicated individual parking space is included nearby adjacent to the building, described as suitable for a larger trailer, equipment, or a storage container.
This unit is offered for sale with possible owner financing available, subject to buyer credit approval and agreed terms.
The property has heating with an area heater on the main floor and a ductless mini-split upstairs. It is located within a secure gated complex. An additional dedicated individual parking space is included nearby adjacent to the building, described as suitable for a larger trailer, equipment, or a storage container.
This unit is offered for sale with possible owner financing available, subject to buyer credit approval and agreed terms.
Key Highlights
- Industrial commercial condo in Bellingham’s Sunset Pond Business Park with 1,580 SF total (1,180 SF main shop + 400 SF loft/2nd floor).
- Main‑floor shop includes a 12' x 14' overhead door and a separate entry door.
- Two bathrooms: half bath on the main floor and a three‑quarter bathroom with shower upstairs.
Local Financial Insights For Flex RnD
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 | $18.8k | $11.88 |
| − Vacancy | −$368 | −$0.23 |
| EGI | $18.4k | $11.65 |
| − OpEx | −$6.4k | −$4.08 |
| NOI | $12.0k | $7.57 |
1,580 SF · lease $11.88/SF/yr · vacancy 1.96% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$170.9K
$149.5K – $199.4K
NOI $11,962 @ 7.0% cap · market cap 4.78%
Second Best
Warehouse
$169.3K
$148.1K – $197.5K
NOI $11,850 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$372.7K
$326.1K – $434.9K
NOI $26,091 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- All City Catering — 3620 Iron Gate Rd, Bellingham, WA 98226
FAQs
What type of property is this?
Flex space - Industrial condo features a main-floor shop with loft office/storage space and a 12' x 14' overhead door.
Where is this flex space located?
The property is located at A2-700 Sunset Pond Ln Bellingham, WA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Industrial commercial condo in Bellingham’s Sunset Pond Business Park with 1,580 SF total (1,180 SF main shop + 400 SF loft/2nd floor).; Main‑floor shop includes a 12' x 14' overhead door and a separate entry door.; Two bathrooms: half bath on the main floor and a three‑quarter bathroom with shower upstairs.
