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Remodeled Multi-Suite Office Building
For Sale
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1922 James St, Bellingham, WA 98225

Three remodeled office suites with flex space, kitchenettes, and 3/4+ baths, plus front and back parking.

Property SizeContact for details
Days on Market128

Property Features for 1922 James St

General Information

Standard status Active
Property subtype Office
Listing Agency: Buy or Sell Realty Inc
Listed By: Khalil Nakano · License #WA 122770
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 20 at 5:49PM

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 Buy or Sell Realty Inc

Investment Insights

Based on property information with market context.

This remodeled, upgraded historic office building (modern standards retrofit completed in 2019) is configured as three individual professional suites. Each suite includes flex space, a kitchenette, and a 3/4+ bath. A common area provides shared laundry and storage, and the building is ADA accessible. The layout is described as flexible, supporting multiple configuration options for an owner-occupant or continued investment hold.

The property is offered for sale with a 6.93% pro forma cap rate and is positioned for convenient access to I-5. Ample parking is available at both the front and rear of the building.

With three separate suites, the building provides a straightforward way to balance occupied space with owner use, while retaining a common building support area for laundry and storage.

Key Highlights

  • 6.93% cap rate (pro forma)
  • Remodeled, upgraded, and retrofitted to modern commercial standards in 2019
  • Historic office building with 3 individual professional suites

Property Analytics

Current Use

Heart of the Forest Acupuncture Medical Clinic May Accounting Accounting Firm

Suggested Use

Top Pick HVAC Service Storage Facility Furniture & Home Goods Grocery & Convenience Store Veterinary Clinic Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,366
Businesses Nearby

Demographics for 98225, WA

49,078
Population
24,202
Households
2
Avg Household Size
31
Median Age
48%
College-Educated
96%
High-School Grad
12.6 sq mi
ZIP Area
3,895
Density / Sq Mi
$62,220
Median Household Income
$33,122
Median Earnings
$1,430
Median Rent
$588,800
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Three remodeled office suites with flex space, kitchenettes, and 3/4+ baths, plus front and back parking.
Where is this office units located?
The property is located at 1922 James St Bellingham, WA.
What are key features of this property?
This property features: 6.93% cap rate (pro forma); Remodeled, upgraded, and retrofitted to modern commercial standards in 2019; Historic office building with 3 individual professional suites
More about this property
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