Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2925 Roeder Ave Bellingham, WA 98225

    Sponsored
    For Sale
    $6,950,000

    Award-winning, LEED Gold, waterfront views.

    Property size:
    22,948 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A, three-story creative office building, totaling 22,948 square feet, is situated on a 0.71-acre lot in Bellingham, WA (98225). Built in 1928 and extensively renovated in 2009, this AIA award-winning property boasts LEED Gold certification and offers stunning Bellingham Bay views, overlooking the San Juan Islands. The multi-tenant building features a mix of high-end green finishes on the upper two floors, while the ground floor offers a grey shell space ready for customization. Amenities include a lobby with a waiting area and a restroom featuring a shower. The property currently enjoys 68.7% occupancy, generating a pro-forma NOI of $445,970 and a 6.40% cap rate. The asking price is $6,950,000 ($302.86/sq ft). Its urban industrial setting, combined with proximity to parks, restaurants, the waterfront, downtown Bellingham, and the airport, makes it highly attractive to tech companies. Additional features include ample parking and a rooftop deck. The location just over the county line offers a significant advantage: no city B&O taxes. This presents a compelling investment opportunity with excellent, stable tenants. The property's APN is 380225-130445-0111. Lease type is NNN.

    Property Features for 2925 Roeder Ave

    General Information

    Property type
    Office space
    Square Feet
    22,948 SF
    Class
    A
    Lot Size
    30,928 SF

    Building Details

    Year Built/Renovated
    1928/2009
    Stories
    3

    HighLights

    • LEED Gold Certified building.
    • Bellingham Bay views.
    • Ample parking.
    • Located just outside city limits, avoiding city B&O taxes.
    • Rooftop deck.
    • Excellent, stable tenant occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Toolhouse Inc. Internet Marketing Service Micro Focus Software Company Freedom Forever Solar ... Solar Energy Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Whatcom
    State
    Washington
    Longitude
    -122.5102683
    Latitude
    48.7618673

    Nearby Similar for Sale

    • $4,300,000
      41,261 SF

      Large Vacant Retail Building

      Value-add opportunity in a low vacancy market.
      1650 Birchwood Ave, Bellingham, WA 98225
      View Details
    • $2,500,000
      5,567 SF

      Downtown Bellingham Office Building

      Office building with developable lot and bay views.
      215 Prospect St, Bellingham, WA 98225
      View Details
    • $1,600,000
      1,431 SF

      Gas Station Convenience Store Opportunity

      Turnkey gas station with convenience store in a prime location.
      2730 Meridian St, Bellingham, WA 98225
      View Details
    • $3,100,000

      Brewery Landmark Location For Sale

      Landmark brewery property with beer garden and expansion potential.
      1107 Railroad Ave, Bellingham, WA 98225
      View Details
    • $7,800,000
      47,807 SF

      Bellingham Industrial Property For Sale

      Single-tenant, NNN leased property near I-5 in central Bellingham.
      2000 Kentucky St, Bellingham, WA 98229
      View Details
    • $1,700,000
      10,019 SF

      Old Town Bellingham Development Opportunity

      Prime site in revitalizing corridor, ideal for development/commercial use.
      1310 G St, Bellingham, WA 98225
      View Details
    • $79,900
      1,248 SF

      Spacious Mobile Home in Bellingham

      Updated mobile home in premier park, convenient location, motivated seller.
      1200 Lincoln St, Bellingham, WA 98229
      View Details
    • $499,950
      1,264 SF

      Versatile Commercial Space on Holly

      High-visibility commercial property with flexible zoning in Old Town Bellingham.
      1012 W Holly St, Bellingham, WA 98225
      View Details
    • $11,500,000
      12,388 SF

      Retail Strip Center For Sale

      Multi-tenant retail center with drive-thru in a major retail hub.
      102 West Stuart Rd, Bellingham, WA 98226
      View Details
    • $6,700,000
      7,696 SF

      Move-in Ready Medical Facility

      Fully equipped medical facility near PeaceHealth St. Joseph Medical Center.
      2500 Squalicum Pkwy, Bellingham, WA 98225
      View Details
    • $1,350,000

      High Clearance Commercial Building

      Versatile commercial building with shop, office, and service space.
      2108 Pacific St, Bellingham, WA 98229
      View Details
    • $2,590,000
      8,872 SF

      Architectural Award-Winning Acme Building

      Art Deco-inspired building with commercial kitchen and rooftop deck.
      1011 Harris Ave, Bellingham, WA 98225
      View Details

    FAQs

    What type of property is this?
    Office space - Award-winning, LEED Gold, waterfront views.
    Where is this office space located?
    The property is located at 2925 Roeder Ave Bellingham, WA.
    What is the asking price?
    The asking price for this property is $6,950,000.
    What are key features of this property?
    This property features: LEED Gold Certified building.; Bellingham Bay views.; Ample parking.
    Request Owner's contact information
    2925 Roeder Ave Bellingham, WA 98225
    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.
    2925 Roeder Ave
    Bellingham, WA 98225
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2925 Roeder Ave Bellingham, WA 98225
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.