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    Property profile & analytics
    OFF-MARKET Estimated value $800,000
    Automotive properties

    120 Smith Rd, Bellingham, WA 98226-7393

    8,166 SF 1.88 ac lot Built 1976
    Individually Owned Absentee Owner ~ Est. High Equity
    Property ID
    US90-0512318
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Automotive properties
    Use group VEHICLE SALES, RENTALS
    Year built 1976
    Total area 8,166 SF
    Lot 1.88 ac (82,023 SF)
    Zoning code RGC
    APN 390225 494024 0000
    UPID US90-0512318
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Absolute Supply Inc Big Box & Wholesale Store Building Supply
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $770k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $635k
    Blend (final) Blend
    $800k
    Owner & transaction history
    Joaquin Martinez Chavez
    Joaquin Martinez Chavez
    since 2025
    Last sale
    $800,000
    7 recorded transactions
    2025
    $800,000
    2021
    2019
    $686,000
    2004
    $17,259
    1996
    $3,000
    1969
    1969
    Zoning & alternative use
    RGC · Bellingham, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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