Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    114 W Magnolia St Bellingham, WA 98225
    Back to Search
    Property profile & analytics

    114 W Magnolia St, Bellingham, WA 98225

    View on Map
    • Retail space
    • 5,500 SF
    • 0.13 lot acres
    For Lease
    $6,600/Mo
    View Listing →
    Crown Plaza Executive Suites For Lease
    $6,600/Mo

    Crown Plaza Executive Suites

    Executive suites in Bellingham's Historic Crown Plaza Building.

    114 W. Magnolia St., Bellingham, WA 98225
    View Listing
    Property ID
    US90-0823726
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Peek-A-Bump Ultrasound / Medical Clinic
    • Finestrino Film Co. / Film Production / Television Studio
    • Beach Fort Media / Film Production / Television Studio
    • Barker Martin, P.S. / Law Firm
    • Buron Inc / Medical Clinic

    Property Details for 114 W Magnolia St

    Year built
    1915
    Lot size
    0.13 lot acres
    Zone code
    CC
    Property type
    Retail space
    APN
    380330 220139 0000
    APU
    3803302201390000

    Description

    This 6,655 square foot office building, located at 114 W. Magnolia St. in Bellingham, WA 98225, offers executive and traditional office spaces within Whatcom County's central business district. Originally built in 1929 and renovated in 1999, the Crown Plaza Executive Suites provide a blend of historic charm and modern amenities. Currently, 150 square feet of office space is immediately available, with a minimum divisible space of 150 square feet. The building features a welcoming reception area with a receptionist to greet clients, handle calls, and manage mail. Tenants enjoy access to a full kitchen/breakroom, conference rooms, a printer/copier, and guest parking. High-speed fiber internet and Wi-Fi are provided. Offices boast ample natural light with beautiful city, bay, or mountain views through large windows. The building is ADA-accessible and climate-controlled with 24/7 access. The average office size is approximately 10 x 12 feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,095,000
      6.5%
      $1,010,000
      7%
      $940,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,280,000
      Market price range: $858k - $2.13M
      AI Estimate
      $656,000
      Market price range: $282k - $1.30M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,615,000
      Current use
      COMMERCIAL (GENERAL)
      $1,530,000
      Change: -5% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Whatcom
    State
    Washington
    Longitude
    -122.477
    Latitude
    48.7501
    CBSA code
    13380
    CBSA name
    BELLINGHAM, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $8,135
    $382,800
    $576,044
    $958,844
    -
    $382,800
    $576,044
    $958,844

    Comparable in this City

    • Value Estimation
      $1,375,000
      6,344 SF

      952 State St

      RETAIL STORES (PERSONAL SERVICES)
      952 State St, Bellingham, WA 98225-5010
      View Details
    • Value Estimation
      $1,040,000
      4,761 SF

      720 Birchwood Ave

      RETAIL STORES (PERSONAL SERVICES)
      720 Birchwood Ave, Bellingham, WA 98225-1714
      View Details
    • Value Estimation
      $665,000
      3,282 SF

      1208 Dupont St

      RETAIL STORES (PERSONAL SERVICES)
      1208 Dupont St, Bellingham, WA 98225-3115
      View Details
    • Value Estimation
      $505,000
      1,744 SF

      711 Holly St

      RETAIL STORES (PERSONAL SERVICES)
      711 Holly St, Bellingham, WA 98225-4712
      View Details
    • Value Estimation
      $675,000
      5,425 SF

      524 Ohio St

      RETAIL STORES (PERSONAL SERVICES)
      524 Ohio St, Bellingham, WA 98225-4613
      View Details
    • Value Estimation
      $620,000
      2,625 SF

      117 Samish Way

      RETAIL STORES (PERSONAL SERVICES)
      117 Samish Way, Bellingham, WA 98225-6028
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Downtown Bellingham Retail Investment Opportunity

      Stabilized retail investment property in downtown Bellingham's Opportunity Zone.
      1232 North State St, Bellingham, WA 98225
      View Details
    • Contact for pricing
      1,093 SF

      Waterfront Retail Space in Bellingham

      Class A retail space in a high-traffic waterfront location.
      1025 Granary Ave, Bellingham, WA 98225
      View Details
    • Contact for pricing
      19,820 SF

      Historic Fairhaven Retail Condos For Sale

      Street-level commercial/retail condos in historic downtown Fairhaven.
      1318 Mckenzie Ave, Bellingham, WA 98225
      View Details
    • Contact for pricing
      5,013 SF

      Bellingham Commercial Kitchen Opportunity

      Commercial kitchen space for lease in historic downtown Bellingham.
      1313 N State St, Bellingham, WA 98225
      View Details
    • Contact for pricing
      2,448 SF

      Corner Retail with Apartment Above

      Leased retail and apartment building with parking and storage.
      2731 Meridian St, Bellingham, WA 98225
      View Details
    • Contact for pricing
      1,643 SF

      Waterfront Retail Space For Lease

      Premier Class A retail space in Bellingham's dynamic waterfront.
      1211 Granary Ave, Bellingham, WA 98225
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,414 SF

      Downtown Retail Space Available

      Prime retail space in downtown Bellingham, WA for lease.
      1204 Railroad Ave, Bellingham, WA 98225
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Western University

      Retail space with high foot traffic and parking.
      141 S Samish Way, Bellingham, WA 98225
      View Details
    • Contact for pricing
      700 SF

      Prime Retail Space Available

      Highly visible retail space in a thriving commercial corridor.
      2025 James Street Rd, Bellingham, WA 98225
      View Details
    • Contact for pricing
      1,787 SF

      Retail Space in Waterfront District

      Retail space available in Bellingham's desirable waterfront district.
      40 Bellwether Way, Bellingham, WA 98225
      View Details
    • Contact for pricing
      6,089 SF

      Retail Space in Bellingham, WA

      Retail space available for lease in Bellingham, Washington.
      1701 N State St, Bellingham, WA 98225
      View Details
    • Contact for pricing
      1,583 SF

      Downtown Retail Space For Rent

      Historic building with high visibility and open concept layout.
      1431 North State St, Bellingham, WA 98225
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    114 W Magnolia St
    Bellingham, WA 98225
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    114 W Magnolia St, Bellingham, WA, 98225
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!