Property profile

0 Bakerview Rd Bellingham, WA 98226

OFF-MARKET
Land
13.81 ac lot
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Property summary

AI-generated overview

This exceptional 13.81-acre development site, located off E. Bakerview Road in Bellingham, Washington (zip code 98226), presents a remarkable opportunity for multi-family development. Currently zoned for 165 units, the property offers significant potential for up to 361 units after applying density bonus credits. The gently sloped land boasts stunning southern territorial views. Water and sewer utilities are conveniently located on the site. The property is being sold as-is, as part of an estate sale. While no formal wetland delineation has been conducted, the City of Bellingham's wetland map indicates potential wetlands in the northwest corner. The property's APN numbers are 3803073330850000, 3803073280540000, 3803073371190000, and 3803073150260000. This prime location in central north Bellingham makes this a phenomenal opportunity to acquire a medium-density development site. The asking price is $4,500,000.

Property profile

Verified
Property type Land
Lot 13.81 ac (601,564 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Bakerview Rd Bellingham, WA 98226
Bellingham metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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