High-Traffic Retail Property For
1300 Ellis St Bellingham, WA
For Sale
Contact for pricing
Retail property with high visibility in a college-driven district.
Property Size3,600 SF
Lot Size0.07 Acres
Price / SF$166.67
Days on Market265
Property Features for 1300 Ellis St
General Information
Standard status
Active
Size
3,600 SF
Lot size
0.07 Acres
Property subtype
RETAIL
Properties For Sale
at 1300 Ellis St Contact us
Listing Agency:
The Muljat Group Inc.
(360) 820-2000
Listed By:
Troy Muljat, CCIM · License #2199
(360) 820-2000
Source:
Moodyscre
Added: Nov 4, 2025
Changed: Jul 6
Last Checked: Jul 22 at 3:55AM
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 The Muljat Group Inc.
Investment Insights
Based on property information with market context.
Located at the intersection of Lakeway Drive and Ellis Street, this property benefits from high traffic and is situated in a vibrant, college-driven district. The property offers flexible zoning and off-street parking. It draws consistent vehicle and foot traffic. The lower-level basement provides additional storage or workspace, complementing the main floor. This property is suitable for an owner-user or investor seeking a high-profile presence in an active corridor of Bellingham. The property size is 3,600 square feet.
Key Highlights
- High‑traffic location at the intersection of Lakeway Drive and Ellis Street.
- Flexible zoning.
- Exceptional exposure in a vibrant, college‑driven district.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.8k | $18.00 |
| − Vacancy | −$3.4k | −$0.95 |
| EGI | $61.4k | $17.05 |
| − OpEx | −$18.4k | −$5.11 |
| NOI | $43.0k | $11.93 |
3,600 SF · lease $18.00/SF/yr · vacancy 5.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$613.7K
$537.0K – $715.9K
NOI $42,956 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$849.3K
$743.1K – $990.8K
NOI $59,449 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- All About Flowers — 104 Ohio St, Bellingham, WA 98225
- A New Leaf Flower Shoppe — 1327 Cornwall Ave, Bellingham, WA 98225
- Johnson's Flower Shop — 104 Ohio St, Bellingham, WA 98225
- Johnson's Flower Shop — 121 W Magnolia St, Bellingham, WA 98225
Frequently Asked Questions
What type of property is this?
Storefront property - Retail property with high visibility in a college-driven district.
Where is this storefront property located?
The property is located at 1300 Ellis St Bellingham, WA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: High‑traffic location at the intersection of Lakeway Drive and Ellis Street.; Flexible zoning.; Exceptional exposure in a vibrant, college‑driven district.
