Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    520 Birchwood Ave Bellingham, WA 98225

    • Office Properties & Spaces
    • 2,760 SF
    For Lease
    View listing
    $30 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bellingham Foot & Ankle Clinic / Medical Clinic
    • Nathan L Larson, DPM / Physician
    • Geoffrey Mcallister / Physician

    Property Details for 520 Birchwood Ave

    Property size
    2,760 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Medical offices

    Description

    Exceptional opportunity to lease medical office space at the Birchwood Medical Center in Whatcom County. This 2,760 square foot building offers two available suites, ranging from 1,135 to 2,145 square feet, providing flexibility for various medical practices. The entire building is currently vacant, presenting a unique chance to establish a presence in a desirable location. The property boasts a spacious waiting room, a dedicated reception area, and ample open space for efficient workflow. Individual private offices ensure patient privacy and confidentiality. Additional amenities include a convenient break room with a bathroom, a separate patient bathroom, and a designated lab area. Its strategic proximity to Interstate 5 ensures easy accessibility for both patients and staff, complemented by abundant on-site parking. This turnkey medical office space is ideally suited for a variety of healthcare professionals seeking a well-equipped and conveniently located practice. The building's layout and features are designed to optimize functionality and patient comfort. Don't miss this chance to secure a prime medical office location in a thriving area. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Whatcom
    State
    Washington
    Longitude
    -122.478
    Latitude
    48.7774

    Comparable in this City

    • Value Estimation by Request
      529 SF

      3015 Squalicum Pkwy Ste, Unit 210

      MEDICAL BUILDING • 529 SF
      3015 Squalicum Pkwy Ste, Bellingham, WA 98225-1906
      View Details
    • Value Estimation
      $3,990,000
      23,206 SF

      710 Birchwood Ave

      MEDICAL BUILDING • 23,206 SF
      710 Birchwood Ave, Bellingham, WA 98225-1720
      View Details
    • Value Estimation by Request
      283 SF

      3015 Squalicum Pkwyb110

      MEDICAL BUILDING • 283 SF
      3015 Squalicum Pkwyb110, Bellingham, WA 98225-1945
      View Details
    • Value Estimation
      $1,105,000
      9,745 SF

      509 Girard St

      MEDICAL BUILDING • 9,745 SF
      509 Girard St, Bellingham, WA 98225-4005
      View Details
    • Value Estimation
      $1,820,000
      7,698 SF

      3300 Squalicum Pkwy

      DENTAL BUILDING • 7,698 SF
      3300 Squalicum Pkwy, Bellingham, WA 98225-1956
      View Details
    • Value Estimation
      $850,000
      3,600 SF

      3136 Squalicum Pkwy

      MEDICAL BUILDING • 3,600 SF
      3136 Squalicum Pkwy, Bellingham, WA 98225-1954
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,516 SF

      Medical Building with Surgery Center

      Stand-alone medical building with surgery center and operatory rooms.
      340 Birchwood Ave, Bellingham, WA 98225
      View Details
    • Contact for pricing
      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
    • $1,400,000
      1,800 SF

      Medical Office Investment Opportunity

      Fully leased oral surgery suite in medical community.
      3136 Squalicum Pkwy, Bellingham, WA 98225
      View Details
    • $950,000
      2,448 SF

      Bellingham Storefront: Prime Location

      High-return retail investment, fully leased.
      2731 Meridian St, Bellingham, WA 98225
      View Details
    • Contact for pricing
      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
    • $1,950,000
      6,816 SF

      Downtown Bellingham Office Building

      Stand-alone office building with finished basement and ample parking.
      1621 Cornwall Ave, Bellingham, WA 98225
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      2,760 SF

      Birchwood Medical Center: Prime Space

      Medical Office Suites - Whatcom County
      520 Birchwood Ave, Bellingham, WA 98225
      View Details
    • $400 /Mo
      92 SF

      Medical Office Space Available

      Medical office space for lease in wellness clinic.
      102-104 Ohio St, Bellingham, WA 98225
      View Details
    • Contact for pricing
      1,925 SF

      Professional Space in Bellingham

      Built-out space suitable for office, medical, or retail use.
      902 North State St, Bellingham, WA 98225
      View Details
    • $19 SF/Yr
      24,129 SF

      Gaston Bay: Waterfront Office Space

      Bellingham Bay Office Building: Prime Location, High-End Finishes
      2925 Roeder Ave, Bellingham, WA 98225
      View Details
    • $6,600 /Mo
      6,655 SF

      Crown Plaza Executive Suites Bellingham

      Historic Bellingham office space, 150 sq ft available
      114 Magnolia St, Bellingham, WA 98225
      View Details
    • $23 SF/Yr
      14,403 SF

      Ellis Station Office Space for Lease

      Prime Bellingham Office: 1,528 sq ft, Updated
      1151 Ellis St, Bellingham, WA 98225
      View Details
    Request Owner's contact information
    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.
    520 Birchwood 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 Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.