Financial
Distress signals
Property profile

1515 12th St Bellingham, WA 98225

OFF-MARKET
Other commercial real estate
Property ID
US90-1549521
1,518 SF 0.07 ac lot Built 1928
Last sale Sep 2024 · $1,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This historic commercial property consists of two structures configured for professional and retail occupancy. The building interiors are arranged over multiple levels and include several private rooms, refreshed kitchen areas, updated bathrooms, and basement storage. The layout provides multiple workspace configurations and includes features designed to bring in natural light. The property is located on the corner of 12th Street and 12th Street in Bellingham, with street addresses of 1515 and

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$3k
Tax billed · 2024
Assessed value · 2023$342k
Assessed land$257k
Assessed improvement$85k
Effective rate0.78%

Value estimate

· Sep 2026
$1.30M
$1.17M – $1.43M
AI approach$1.30M

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$278/SF
ZIP average, outlier-cleaned · 67 recorded sales of this use type
Observed band · Q1–Q3$162 – $451
Qualifying comparables10

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CC
JurisdictionWHATCOM

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office14.6
Building Supply12.6
HVAC Service11.2

Location

1515 12th St Bellingham, WA 98225-7415
County assessor Recorded deeds · 5 transfers 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1215 Cornwall, Bellingham, WA 98225-5020 $400,000 May 2025 5,400 SF
2630 Meridian, Bellingham, WA 98225-2409 $1,525,000 Feb 2025 1,005 SF
1001 Harris, Bellingham, WA 98225-7034 $1,450,000 Nov 2024 3,950 SF
1513 12th, Bellingham, WA 98225-7415 $1,300,000 Sep 2024 988 SF
1010 Harris, Bellingham, WA 98225-7070 $13,594,864 Jan 2024 3,590 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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