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    1126-1130 N Forest St Bellingham, WA 98225

    For Sale
    $1,200,000

    Rare opportunity in Opportunity Zone near Downtown and WWU.

    Property size:
    4,449 SF
    Lot size:
    0.32 Acres

    Property Features for 1126-1130 N Forest St

    General Information

    Size
    4,449 SF
    Lot size
    0.32 Acres

    Source: Hammer Properties NW Agent Nikki Quinn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Development Site with Mid-Century Office

    This rare development site features a 4,400 square-foot Mid-Century Modern office building constructed in 1958. Situated in an Opportunity Zone and the Downtown District Urban Village, the property is zoned RT-1, with permitted uses outlined in BMC 20.37.520. Existing plans for a four-story, 47-unit building have completed neighborhood review and initial design review. Feasibility work was conducted by AVT Consulting, with plans developed by Sergio at Grinstad & Wagner. Currently, the building serves as an office and storage space. The property offers city and bay views and is located close to Downtown and Western Washington University (WWU). The Sehome neighborhood exhibits lower vacancy rates and higher rents compared to many areas. There are fourteen parking spaces accessible via two driveways. The property includes two addresses, 1126 and 1130 N Forest St, and two tax IDs: #3803302140040000 and #3803302050050000. Owner financing options are available.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Hair Salon Spa & Massage Nail Salon Clothing Store Building Supply Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Whatcom
    State
    Washington
    Longitude
    -122.47778
    Latitude
    48.746174

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    FAQs

    What type of property is this?
    Land - Rare opportunity in Opportunity Zone near Downtown and WWU.
    Where is this land located?
    The property is located at 1126-1130 N Forest St Bellingham, WA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Approved plans for a **4-story, 47-unit building** with neighborhood and initial design review completed.; - Located in an Opportunity Zone and Downtown District Urban Village with RT-1 zoning (BMC 20.37.520) allowing for diverse uses.; - Rare development site featuring a 4,400 sq ft Mid-Century Modern office building.
    (360) 303-5809
    Request Owner's contact information
    1126-1130 N Forest St Bellingham, WA 98225
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    Realmo Value Estimation

    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.

    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.

    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
    1126-1130 N Forest St Bellingham, WA 98225
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