Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Bellingham Office Space For Rent Title is generated by Realmo AI

    101 Prospect St, Bellingham, WA 98225

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    4,667 square foot office space available for rent.

    Type:OFFICE
    Property size:
    4,667 SF
    Added:
    Apr 15, 2026
    Days on Market:
    51
    Last Refresh:
    May 27 at 7:44 am

    Property Features for 101 Prospect St

    General Information

    Standard status
    Active
    Size
    4,667 SF
    Property subtype
    OFFICE

    Spaces For Lease

    at 101 Prospect St Contact us

    We can help!

    Listing Contact
    Brian Finnegan, CCIM

    Listing agent Brian Finnegan, CCIM

    Listing office Westcom Properties, Inc.

    Listing date Apr 15, 2026

    Source Moodyscre

    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 Westcom Properties, Inc.

    HighLights

    • 4,667 square foot office space

    Overview

    This commercial real estate offers office spaces and office units for rent. The property features a total area of 4,667 square feet. Located in Bellingham, WA, the property is situated at 101 Prospect St, 98225.
    Location Intelligence

    Current Use by Public Records

    WorkSource Whatcom Employment Agency Northwest Workforce Council Business Service Center Pipeline Video Production ... Film Production Worksource High School

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Spa & Massage Center Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Whatcom
    State
    Washington
    Longitude
    -122.481431
    Latitude
    48.75206

    Nearby Similar for Lease

    • $15 SF/Yr
      4,960-4,960 SF

      Mykonos Greek

      Turn-key restaurant space with high visibility and outdoor patios.
      1650 W Bakerview Rd, Bellingham, WA 98226
      View Details
    • Sponsored
      $129-$7,996/Mo
      11-1,292 SF

      Barkley Village

      2219 Rimland Dr, Unit 301, Bellingham, WA 98226
      View Details
    • $6,200/Mo
      3,000 SF

      Fairhaven Commercial Space For Rent

      Prime commercial space in historic Fairhaven with high visibility.
      1300 12th St, Bellingham, WA 98225
      View Details
    • $0.90 SF/Yr
      4,000 SF

      Available Flex Space with Office

      4,000 SF flex space featuring office and warehouse components.
      440 West Horton Road, Bellingham, WA 98226
      View Details
    • $24 SF/Yr
      2,714 SF

      Fairhaven Stand-Alone Office Building

      Two-story building suitable for office, wellness, or hybrid business.
      1013 Donovan Ave, Bellingham, WA 98225
      View Details
    • $16 SF/Yr
      3,403 SF

      Remodeled Office Space Available Soon

      Recently remodeled office space for lease starting May 2024.
      2203-2209 Elm St, Bellingham, WA
      View Details
    • $10 SF/Yr
      4,860 SF

      Updated Warehouse/Retail Space Available

      Unique, updated 4860 SF warehouse/retail space near downtown Bellingham.
      1421 N Forest St, Bellingham, WA
      View Details
    • $20 SF/Yr
      1,915 SF

      Remodeled Retail Space in Cordata

      Retail suites available in Cordata Place shopping center.
      4151 Meridian St, Bellingham, WA
      View Details
    • $16 SF/Yr
      2,423 SF

      Fairhaven Office Space Available

      Office space in Fairhaven Historic District, available 08/01/25.
      401 Harris Avenue, Bellingham, WA
      View Details
    • $30 SF/Yr
      1,811 SF

      Retail Space in Barkley Village

      Retail space for lease in a vibrant, growing urban village.
      2930 Newmarket Street, Bellingham, WA
      View Details
    • $1.35 SF/Yr
      40,000 SF

      New Industrial Development Near Airport

      New industrial park with customizable units, available Spring 2027.
      3901 Sound Way, Bellingham, WA
      View Details
    • $1.00 SF/Yr
      10,269 SF

      Bellingham Light Industrial Building

      Light industrial building with warehouse, mezzanine, office, and loading dock.
      2222 Queen St, Bellingham, WA
      View Details

    FAQs

    What type of property is this?
    Office units - 4,667 square foot office space available for rent.
    Where is this office units located?
    The property is located at 101 Prospect St Bellingham, WA.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 4,667 square foot office space
    (360) 739-9300 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brian Finnegan, CCIM
    Learn More
    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.
    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
    101 Prospect St, Bellingham, WA 98225
    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!