Financial
Distress signals
Property profile

1126 Frst St Bellingham, WA 98225

OFF-MARKET
Medical Office Space
Property ID
US90-0659338
1,638 SF 0.15 ac lot Built 1958
Last sale Mar 2020 · $1,100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a development site that includes a 4,400-square-foot Mid-Century Modern office building constructed in 1958. It is located in the Sehome neighborhood and lies within both an Opportunity Zone and the Downtown District Urban Village, with zoning RT-1 and permitted uses outlined in BMC 20.37.520. The site has planning documentation for a four-story, 47-unit building, including neighborhood review and initial design review, along with feasibility work completed by AVT Consulting 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 · 2021

What does the county charge?
$4k
Tax billed · 2021
Assessed value · 2022$491k
Assessed land$339k
Assessed improvement$153k
Effective rate0.86%

Value estimate

· Sep 2026
$1.40M
$1.26M – $1.53M
AI approach$1.37M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$310/SF
County average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$169 – $455

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?
RT1
JurisdictionWHATCOM

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat8.4
Butcher8.3
Watch Repair Shop7.8

Location

1126 Frst St Bellingham, WA 98225
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file 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 · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
707 Holly, Bellingham, WA 98225-4712 $750,000 Mar 2025 1,741 SF
412 Girard, Bellingham, WA 98225-4004 $50,152,714 Apr 2022 2,044 SF
2221 James, Bellingham, WA 98225-4141 $420,000 Jul 2021 1,698 SF
2201 James, Bellingham, WA 98225-4154 $775,000 Aug 2020 2,460 SF
2114 James, Bellingham, WA 98225-4140 $540,000 Jan 2020 2,357 SF
1715 C, Bellingham, WA 98225-4016 $621,000 Aug 2019 1,840 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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