Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    705 Sunset Pond Ln Bellingham, WA 98226
    Back to Search
    Property profile & analytics

    705 Sunset Pond Ln, Bellingham, WA 98226

    View on Map
    • Warehouses
    • 1,131 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Varvid / Film Production / Television Studio
    • Draeger Ignition Interlock / Building Supply / General Contractor
    • Bellingham Junk Removal Service / Waste Management Facility

    Property Details for 705 Sunset Pond Ln

    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 1,131-square-foot warehouse space in Bellingham, Washington, is ideally suited for a small business. Located at 705 Sunset Pond Ln, 98226, this single-tenant property boasts high ceilings and offers a unique layout. The main floor encompasses 1,131 square feet, with approximate dimensions of 19' x 59.8'. A mezzanine level, approximately 400 square feet, provides additional space, perfect for an office or break area. The property includes a full bathroom and a partial kitchen with a refrigerator on the upper level. The warehouse is part of the Sunset Pond Warehouses, a business park with several other established businesses. Ample parking is available outside the gated area, which remains open during daytime hours. Utilities are the responsibility of the tenant, along with a monthly water/sewer fee of $50, increasing to $100 for tenants with high water usage. This property is strictly for commercial use

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Whatcom
    State
    Washington
    Longitude
    -122.467
    Latitude
    48.7761

    Comparable in this City

    • Value Estimation by Request
      27,475 SF

      725 Sunset Pond Ln

      Flex space
      725 Sunset Pond Ln, Bellingham, WA 98226
      View Details
    • Value Estimation by Request
      4.80 Acres

      4923 Guide Meridian

      Distribution properties
      4923 Guide Meridian, Bellingham, WA 98226
      View Details
    • Value Estimation by Request

      4233 Guide Meridian Rd

      Distribution properties
      4233 Guide Meridian Rd, Bellingham, WA 98226
      View Details
    • Value Estimation
      $4,645,000
      39,800 SF

      200 Kellogg Rd

      MINI-WAREHOUSE, STORAGE
      200 Kellogg Rd, Bellingham, WA 98226-8032
      View Details
    • Value Estimation
      $3,045,000
      27,840 SF

      3651 Irongate Rd, Unit B-1

      MINI-WAREHOUSE, STORAGE
      3651 Irongate Rd, Bellingham, WA 98226-8029
      View Details
    • Value Estimation
      $3,870,000
      44,910 SF

      3415 James St

      MINI-WAREHOUSE, STORAGE
      3415 James St, Bellingham, WA 98226-8731
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,080 SF

      Bellingham Storage Space with Office

      747 SF storage space with mezzanine office and bathroom.
      710 Sunset Pond Ln, Bellingham, WA 98226
      View Details
    • Contact for pricing
      33,804 SF

      Centrally Located Industrial Property

      Industrial property with shop, office, storage, and large yard.
      164 W Smith Rd, Bellingham, WA 98226
      View Details
    • Contact for pricing
      1,500 SF

      Industrial Space For Sale

      1,500 SqFt industrial property available for purchase.
      3610 Irongate Rd, Bellingham, WA 98226
      View Details
    • Contact for pricing
      1,080 SF

      Remodeled Light Industrial Space

      Centrally located 1080 SF light industrial space for sale.
      710 Sunset Pond Ln, Bellingham, WA 98226
      View Details
    • $79,000

      Buildable Land Near Haxton Way

      2.1-acre buildable property for Lummi Nation member.
      3672 Haxton Way, Bellingham, WA 98226
      View Details
    • Contact for pricing

      35.38 Acre Light Industrial Parcel

      35.38 acre light industrial land near new Costco.
      44 Pacific Hwy, Bellingham, WA 98226
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      40,000 SF

      New Industrial Development Near Airport

      New industrial park with customizable units, available Spring 2027.
      3901 Sound Way, Bellingham, WA 98226
      View Details
    • Contact for pricing
      7,853 SF

      North Bellingham Commercial Building For Rent

      Commercial building in North Bellingham with showroom and warehouse space.
      145 E Stuart Rd, Bellingham, WA 98226
      View Details
    • Contact for pricing

      Warehouse Space Available Fall 2026

      4,000 SF warehouse with 1,000 SF office space.
      446 W Horton Rd, Bellingham, WA 98226
      View Details
    • Contact for pricing
      2,500 SF

      Bellingham Warehouse Space Available

      2,500 SF warehouse space for lease in Bellingham, WA.
      1645 Jills Ct, Bellingham, WA 98226
      View Details
    • Contact for pricing
      6,458 SF

      Irongate Business Park Warehouse

      I-502 approved light industrial warehouse in Irongate Business Park.
      4051 Hammer Dr, Bellingham, WA 98226
      View Details
    • Contact for pricing
      4,000 SF

      Available Flex Space with Office

      4,000 SF flex space featuring office and warehouse components.
      440 West Horton Rd, Bellingham, WA 98226
      View Details
    Request Owner's contact information
    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.
    705 Sunset Pond Ln
    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 Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    705 Sunset Pond Ln, Bellingham, WA, 98226
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!