120 Smith Rd Bellingham, WA 98226
- Automotive properties
- 8,166 SF
- 1.88 lot acres
Current Use by Public Records
- Absolute Supply Inc / Building Materials Market
Property Details for 120 Smith Rd
- Year built
- 1976
- Lot size
- 1.88 lot acres
- Property size
- 8,166 SF
- Zone code
- RGC
- Property type
- Automotive properties
- APN
- 390225 494024 0000
- APU
- 3902254940240000
Description
This exceptional commercial property, situated at 120 W Smith Road in Bellingham, WA, presents a unique investment opportunity. Boasting a prime location just off Guide Meridian, this 9,867 square foot property sits on 1.88 flat, usable acres zoned Rural General Commercial (RGC), allowing for diverse business applications. The property comprises seven separate spaces, ideal for generating multiple streams of rental income or housing a single large operation. In addition to the substantial indoor space, two fenced yards provide an impressive 36,700 square feet of outdoor area, perfect for storage, equipment, or expansion. The existing barn structure has undergone significant improvements, including reinforced framing and a new roof installed in 2021. This property benefits from its strategic location, offering easy access to Bellingham, Ferndale, and the Canadian border, tapping into a thriving and expanding regional market. The generous zoning and expansive footprint unlock endless possibilities for entrepreneurs and investors alike. The seller is open to considering owner financing options. The property is being sold in its current "as is" condition. This is a rare chance to acquire a substantial commercial property with significant upside potential in a highly desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $825,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $640,000
- 6.5%
- $605,000
- 7%
- $595,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $715,000
- Geo Method
- $640,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $735,000
- Retail
- $730,000
- Mixed-Use
- $655,000
- Hospitality
- $650,000
- Educational
- $585,000
- Residential Income
- $560,000
- Energy
- $735,000
- Income-Based Land
- $665,000
- Food Service
- $670,000
Location Insight
- Map
- Local Demand
- City
- Bellingham
- County
- Whatcom
- State
- Washington
- Longitude
- -122.487
- Latitude
- 48.8339
- CBSA code
- 13380
- CBSA name
- BELLINGHAM, WA METROPOLITAN STATISTICAL AREA
