Financial
Distress signals
Property profile

3115 Racine St Bellingham, WA 98226

OFF-MARKET
Commercial real estate
Property ID
US90-0519559
38,392 SF 3.82 ac lot Built 2001
Last sale Oct 2025 · $47,700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ 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. 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?
$82k
Tax billed · 2021
Assessed value · 2022$8.35M
Assessed land$1.04M
Assessed improvement$7.31M
Effective rate0.98%

Value estimate

· Sep 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

What actually traded nearby?
$299/SF
ZIP average, outlier-cleaned · 72 recorded sales of this use type
Observed band · Q1–Q3$212 – $441

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?
PRM2.0
JurisdictionWHATCOM

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service8.4
Tailor Shop8.4
Pet Grooming Service8.2

Location

3115 Racine St Bellingham, WA 98226-6646
County assessor Recorded deeds · 4 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1715 Barkley, Bellingham, WA 98226-6693 $47,700,000 Jul 2025 52,682 SF
3110 Racine, Bellingham, WA 98226-6644 $47,700,000 Jul 2025 56,914 SF
1205 Woodstock, Bellingham, WA 98226-3502 $27,500,000 Jun 2025 59,392 SF
2001 Masonry, Bellingham, WA 98226-8016 $480,000 May 2025 12,000 SF
140 Bellis Fair, Bellingham, WA 98226-5541 $4,685,000 May 2024 25,480 SF
4326 Pacific, Bellingham, WA 98226-9017 $3,050,000 Apr 2023 16,932 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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