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Financial
Distress signals
Property profile

1011 Harris Ave Bellingham, WA 98225

FOR LEASE
Turn key restaurants
Property ID
US90-3336480
4,902 SF 0.11 ac lot Built 2013
Last sale Jan 2026 · $2,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
1011 Harris Ave, Bellingham, WA 98225 For Lease
Contact for pricing 6,344 SF available
1011 Harris Ave, Bellingham, WA 98225
View Listing

Property summary

AI-generated overview

The Acme Building is an Art Deco–inspired, architecturally detailed commercial property on a corner lot. The building covers approximately 8,872 square feet and was originally designed for a combination of food-service uses, featuring articulated stone and masonry, tall street-level retail spaces, deep-set windows, cornice detailing, and a consistent architectural scale. The property includes rooftop deck(s) with views of Bellingham Bay, elevators, and food-service infrastructure such as a full…

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 · 2021

What does the county charge?
$22k
Tax billed · 2021
Assessed value · 2022$2.47M
Assessed land$609k
Assessed improvement$1.86M
Effective rate0.87%

Value estimate

· Oct 2026
$720k
$648k – $792k
NOI build-up
Gross scheduled income$117k
Vacancy & credit loss−$6k
Operating expenses−$28k
NOI · 416,340.00% cap applied$83k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$392/SF
Submarket average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$222 – $626
Qualifying comparables3

Cap rate analysis

How does the asset earn?
416,340.00%
$83k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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 Office13.0
Building Supply11.8
HVAC Service10.7

Location

1011 Harris Ave Bellingham, WA 98225
County assessor Recorded deeds · 6 transfers 3 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2500 Cedarwood, Bellingham, WA 98225-1405 $899,000 Dec 2025 5,322 SF
1914 King, Bellingham, WA 98225-4237 $889,350 Jul 2025 6,024 SF
1119 Railroad, Bellingham, WA 98225-5007 $1,750,000 Apr 2025 5,130 SF
1417 State, Bellingham, WA 98225-4512 $2,300,000 Mar 2025 6,207 SF
2018 Iron, Bellingham, WA 98225-4212 $860,000 Mar 2025 4,028 SF
227 Prospect, Bellingham, WA 98225-4403 $900,000 May 2024 4,770 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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