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Financial
Distress signals
Property profile

1188 Marine Dr Bellingham, WA 98225

OFF-MARKET
Industrial properties
Property ID
US90-0358519
3,552 SF 6.59 ac lot Built 2011
Last sale Feb 2022 · $765,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 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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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$8k
Tax billed · 2024
Assessed value · 2023$957k
Assessed land$578k
Assessed improvement$379k
Effective rate0.87%

Value estimate

· Oct 2026
$920k
$828k – $1.01M
AI approach$830k
Submarket $/SF estimate$918k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$182/SF
Submarket average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$113 – $258

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?
LII
JurisdictionWHATCOM

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop10.6
Building Supply10.2
Auto Parts Store9.8

Location

1188 Marine Dr Bellingham, WA 98225-8426
County assessor Recorded deeds · 3 transfers 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Chestnut, Bellingham, WA 98225 $154,323 Jun 2024 5,000 SF
1101 10th, Bellingham, WA 98225 $13,594,864 Jan 2024 4,000 SF
1610 6th, Bellingham, WA 98225-7363 $400,000 Dec 2023 3,838 SF
Holly, Bellingham, WA 98225 $505,000 Jan 2023 2,750 SF
2111 Lincoln, Bellingham, WA 98225-4147 $615,000 Oct 2022 3,900 SF
3310 Nwnw, Bellingham, WA 98225-1209 $725,000 May 2022 3,380 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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