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485 W Horton Rd $1,795,000

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    485 W Horton Rd Bellingham, WA 98226

    Pending Feasibility

    $1,795,000

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    • 1.66 Acres
    • Commercial/Industrial
    • Listing# 1545198
    485 W Horton Rd, Bellingham, WA 98226
    485 W Horton Rd, Bellingham, WA 98226
    485 W Horton Rd, Bellingham, WA 98226
    485 W Horton Rd, Bellingham, WA 98226
    485 W Horton Rd, Bellingham, WA 98226
    485 W Horton Rd, Bellingham, WA 98226
    485 W Horton Rd, Bellingham, WA 98226
    485 W Horton Rd, Bellingham, WA 98226
    485 W Horton Rd, Bellingham, WA 98226
    485 W Horton Rd, Bellingham, WA 98226
    485 W Horton Rd, Bellingham, WA 98226
    485 W Horton Rd, Bellingham, WA 98226
    485 W Horton Rd, Bellingham, WA 98226
    485 W Horton Rd, Bellingham, WA 98226
    485 W Horton Rd, Bellingham, WA 98226
    485 W Horton Rd, Bellingham, WA 98226
    485 W Horton Rd, Bellingham, WA 98226
    485 W Horton Rd, Bellingham, WA 98226
    485 W Horton Rd, Bellingham, WA 98226
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    Listing provided courtesy of: Muljat Group
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    Views: 30 Days On Market: 178

    Go Tour This Home

    Thursday 28 May
    Friday 29 May
    Saturday 30 May
    Sunday 31 May
    Monday 01 Jun
    Schedule A Showing

    Property Details

    Quality office building ready for move-in! This custom-built office building was constructed with the highest quality materials. The building has large, custom offices, reception area, bathrooms and industrial workshop with loading door. Truly a unique office building for an owner-user or investor looking to add a quality property to their portfolio. The cordata office building is well-located and suited for office or medical uses. Don’t miss this great opportunity.

    • General Features
      • County Whatcom
      • Approx Building SqFt 7,035
      • Approx Office SqFt 0
      • Approx Whse/Mfg SqFt 0
      • Zoning Class Industrial
      • Selling Office Commission 2.5
      • Style 73
      • Total Covered Parking 0
      • Total Uncovered Parking 17
      • Zoning Jurisdiction City
    • Building Features
      • Exterior Metal/Vinyl, Stucco
      • Foundation Poured Concrete
      • Roof Composition, Metal
      • Floor Covering Concrete, Hardwood, Slate
    • Property Features
      • Depth of Lot 0
      • Site Frontage 0
      • Water-Sewer-Garbage 0
      • Sewer Sewer Connected
      • Number of Available Pads 0
      • Lot Square Footage 72,087
    • Financials
      • Vacancy Rate 5
      • Total SqFt Rented 7,035
      • Total Monthly Rent $10,553
      • Gross Rent Multiplier 14
      • Cap Rate -NOI div LP 6.57
      • Gross Scheduled Income $126,630
      • Gross Adjusted Income $120,299
      • Total Expenses $2,406
      • NOI $117,893
      • Electrical Expenses $0
      • Tax Expense $8,380
      • Heating Expense $0
      • Insurance Expense $0
      • Other Expenses $2,406
      • Tax Year 2019
      • Annual Assoc. Dues $0

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    Neighborhood

    98226 (Bellingham) Demographics

    38 Median Age
    389 Population Density (per sq. mile)
    43% College Educated
    $56,280 Estimated Median Income
    10,274 Estimated Total Home Owners
    6,020 Estimated Total Renters
    63% / 37% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    41,740 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $440,000 Median Sales Price
    36 Homes Sold
    65 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,795,000
        4/7/2020 9:32:59 AM Status Changed Source New Value: Pending Feasibility
        3/24/2020 11:15:52 AM Status Changed Source New Value: Pending
        2/4/2020 3:22:41 PM Price Reduced Source New Value: $1,795,000 -5.28%
        12/2/2019 12:22:00 PM New in Database Source New Value: $1,895,000

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        This property search is part of the Prime Alliance Real Estate Services website. Listing information is courtesy of the WA-NWMLS and Prime Alliance Real Estate Services. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2020. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.