Property Details
1479 W Smith Road
Ferndale, WA 98248
$2,760,000
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Property Overview
Discover an exceptional investment opportunity with this pristine storage facility in Ferndale, ideally located just off Smith Road and moments from I-5 for unbeatable visibility and accessibility. Built in 2021, this modern complex features 120 meticulously maintained storage units, a versatile office space (approx. 544 sq. ft.), and a stylish condo (approx. 1,095 sq. ft.)—perfect for onsite living, renting, or housing a manager to oversee operations. The property includes a spacious 2-car garage (approx. 700 sq. ft.) and is fully gated with top-tier security, ensuring peace of mind for both you and your tenants. With impressively low vacancy rates and significant upside potential, this facility offers excellent income growth opportunities through self-management, flexible rental strategies, or enhanced operational efficiencies. Whether you're an investor, an entrepreneur, or someone seeking a live-work opportunity, this near-new complex offers the perfect blend of convenience, security, and growth potential. Don’t miss this rare chance to own a high-demand property in a thriving location!
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
Whatcom
Neighborhood
Ferndale
Listed
Apr 2, 2026
Structure Type
Industrial
Parcel Number
390233295517
Tax & HOA
Annual Property Tax
$19,160 (2025)
Est. Monthly Tax
$1,597/mo
Financial Summary
Cap Rate
5.00%
Net Operating Income
$138,073
Gross Scheduled Income
$240,402
Gross Rent Multiplier
11.48
Total Expenses
$99,791
Vacancy Rate
11.0%
Building & Use
Building Sq Ft
24,386
Zoning
Business,Commercial,Industrial,Industrial-Light,Office,See Remarks
Possible Use
Business, Commercial, Industrial, Office, See Remarks
Lot Size
1.15 acres
Year Built
2021
Exterior & Lot
Lot Size
1.15 sqft
Year Built
2021
Exterior Materials
Metal/Vinyl, Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Metal/Vinyl, Wood
Community & Access
Directions
From the Slater Road exit (Exit 260) to W Smith Rd, take I-5 to Exit 260, go east on Slater Rd, turn left (north) onto Pacific Hwy, and then turn right (east) onto W Smith Rd.
Location
City
Ferndale
County
Whatcom
Coordinates
48.83301, -122.56158
Additional Information
Tax Year
2025
Annual Taxes
$19,160
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 11:08 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
