Entity Owned 
For Lease
Property summary
This exceptional Bellingham commercial property, located at 114 W Holly St, offers 14,500 square feet of versatile space ideal for retail, traditional office, or coworking uses. Situated in the heart of downtown Bellingham, WA (zip code 98225), this single-tenant property boasts a prime location with frontage on Holly Street and an adjacent alley. The building, constructed in 1925, features a unique character with high ceilings, exposed brick, and hardwood floors, spread across three levels:… approximately 7,000+ square feet on the main level, 6,000 square feet on the lower level, and 1,500 square feet on a mezzanine. Previously occupied by Golden Rule and Sports Chalet, and currently housing Opus dance studio, this space offers significant flexibility. It could be leased as a single large space or potentially subdivided to accommodate multiple tenants. The property includes a new HVAC system (installed in 2018). While on-street parking is available, the building benefits from its proximity to the downtown Parkade. The property is zoned C and has APN 3803301701470000. A special summer leasing incentive is available: the first year's rent is free
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2021
Value estimate
· Oct 2026Realmo valuation models over county records and 3 qualifying comparable sales.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 6,820 SF
- Lot area
- 0.16 ac
- Year built
- 1925
- APN
- 380330 170147 0000
- Zoning
- CC
- Assessed value · 2022
- $1,477,158
- Annual tax · 2021
- $12,533
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2021
- $12,533
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Signals, scores & lead lists
- 300 owner contacts a month
- 30 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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