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4250 Dewey Rd 9,500 SF Specialty Building Offered at $1,150,000 at a 5% Cap Rate in Bellingham, WA 98226
Investment Highlights
- Several income-producing units for flexible investment or redevelopment options
- Approximately 4 acres of excess land for development
Executive Summary
Income-producing property with immediate value-add opportunity on beautiful 6.66 acre parcel. This property provides a stable income through month-to-month leases while allowing for future upside through repositioning, redevelopment, or operational optimization. Approximately four acres of access land. NOI is $57,500/year and proforma NOI is $99,000/year. All tenants are paying under market rent. Zoning is county, R5A.
Property Facts
| Price | $1,150,000 | Property Subtype | Residential Income |
| Price Per SF | $121.05 | Building Class | C |
| Sale Type | Investment or Owner User | Lot Size | 6.65 AC |
| Cap Rate | 5% | Building Size | 9,500 SF |
| Sale Condition | Redevelopment Project | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1910 |
| Zoning | R5A | ||
| Price | $1,150,000 |
| Price Per SF | $121.05 |
| Sale Type | Investment or Owner User |
| Cap Rate | 5% |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 6.65 AC |
| Building Size | 9,500 SF |
| No. Stories | 1 |
| Year Built | 1910 |
| Zoning | R5A |
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Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 380309-420183-0000 | Improvements Assessment | $530,105 |
| Land Assessment | $343,525 | Total Assessment | $873,630 |
Property Taxes
Parcel Number
380309-420183-0000
Land Assessment
$343,525
Improvements Assessment
$530,105
Total Assessment
$873,630
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4250 Dewey Rd