Downtown Office Space For
1311-1313 Commercial Street Bellingham, WA
For Sale
Contact for pricing
Renovated office space in the heart of Downtown.
Property Size19,156 SF
Lot Size0.32 Acres
Price / SF$288.28
Days on Market246
Property Features for 1311-1313 Commercial Street
General Information
Standard status
Active
Size
19,156 SF
Lot size
0.32 Acres
Property subtype
OFFICE
Properties For Sale
at 1311-1313 Commercial Street Contact us
Listing Agency:
Pacific Continental Realty, LLC
(360) 305-9977
Listed By:
KC Coonc · License #17357
(360) 305-9977
Source:
Moodyscre
Added: Nov 23, 2025
Changed: Jul 10
Last Checked: Jul 21 at 3:10AM
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 Pacific Continental Realty, LLC
Investment Insights
Based on property information with market context.
This renovated office space is located in the heart of Downtown, situated across from the Commercial Street parking garage and adjacent to the Arts District. The location provides access to restaurants, shopping, and entertainment. The building features a combination of open floor space and private offices, designed to accommodate the needs of an evolving business. Amenities include a large conference room, exercise room, large kitchen, and reception area. The building offers both street and alley access, and skylights provide natural light. The property has a size of 19156 square feet.
Key Highlights
- Turn‑key, beautifully renovated office space.
- Prime Downtown location across from parking garage and adjacent to the Arts District.
- Combination of open floor space and private offices.
Financial Insights For Office B
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 | $432.2k | $22.56 |
| − Vacancy | −$74.8k | −$3.90 |
| EGI | $357.4k | $18.66 |
| − OpEx | −$89.3k | −$4.66 |
| NOI | $268.0k | $13.99 |
19,156 SF · lease $22.56/SF/yr · vacancy 17.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.83M
$3.35M – $4.47M
NOI $268,047 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.52M
$3.95M – $5.27M
NOI $316,333 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Renovated office space in the heart of Downtown.
Where is this office units located?
The property is located at 1311-1313 Commercial Street Bellingham, WA.
What is the asking price?
The asking price for this property is $5,522,212.
What are key features of this property?
This property features: Turn‑key, beautifully renovated office space.; Prime Downtown location across from parking garage and adjacent to the Arts District.; Combination of open floor space and private offices.
