Property profile

120 Smith Rd Bellingham, WA 98226

OFF-MARKET
Automotive properties
Property ID
US90-0512318
8,166 SF 1.88 ac lot Built 1976
Individually Owned Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store Building Supply

Location

120 Smith Rd Bellingham, WA 98226-7393
Bellingham metro Census 10600 BELLINGHAM, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$770k
CAP Approach CAP
by Request
Comparable Approach Comparable
$635k
Blend (final) Blend
$825k

Owner & transaction history

since 2025
Last sale
$800,000
7 recorded transactions
2025
$800,000
2021
Price N/A
2019
$686,000
2004
$17,259
1996
$3,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

RGC · Bellingham, WA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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