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    Property profile & analytics

    1200 Lakeway Dr Bellingham, WA 98229-2034

    • Office buildings
    • 5,080 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimation
    $340,000
    Location Intelligence
    Property ID
    US90-0138564
    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.

    Current Use by Public Records

    • La Rocco Law Firm, P.C. / Attorney
    • Heart Centered Reiki, LLC / Reiki Therapist
    • YG SPA / Massage Spa
    • Sun-Mark Properties / Real Estate Agency
    • Cascara Integrative Therapy PLLC / Counselor

    Property Details for 1200 Lakeway Dr

    Year built
    1945
    Lot size
    0.22 lot acres
    Property size
    5,080 SF
    Zone code
    PC
    Property type
    Office buildings
    APN
    380332 123506 0000
    APU
    3803321235060000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $360,000

    • CAP approach

      CAP return
      Estimation
      6%
      $300,000
      6.5%
      $290,000
      7%
      $330,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $335,000
      Geo Method
      $350,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $340,000
      Retail
      $290,000
      Mixed-Use
      $255,000
      Hospitality
      $285,000
      Educational
      $300,000
      Residential Income
      $290,000
      Energy
      $290,000
      Income-Based Land
      $255,000
      Food Service
      $280,000

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Whatcom
    State
    Washington
    Longitude
    -122.46
    Latitude
    48.7446
    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
    $6,073
    $383,328
    $363,358
    $746,686
    -
    $383,328
    $363,358
    $746,686

    Comparable in this City

    • Value Estimation
      $375,000
      1,472 SF

      1333 Lincoln St

      PROFESSIONAL BUILDING • 1,472 SF
      1333 Lincoln St, Bellingham, WA 98229-6271
      View Details
    • Value Estimation
      $400,000
      1,279 SF

      1337 Lincoln St

      PROFESSIONAL BUILDING • 1,279 SF
      1337 Lincoln St, Bellingham, WA 98229-6277
      View Details
    • Value Estimation
      $390,000
      2,229 SF

      904 Potter St

      PROFESSIONAL BUILDING • 2,229 SF
      904 Potter St, Bellingham, WA 98229-6213
      View Details
    • Value Estimation
      $390,000
      4,236 SF

      1316 King St

      PROFESSIONAL BUILDING • 4,236 SF
      1316 King St, Bellingham, WA 98229-6263
      View Details
    • Value Estimation
      $225,000
      1,330 SF

      3811 Consolidation Ave

      PROFESSIONAL BUILDING • 1,330 SF
      3811 Consolidation Ave, Bellingham, WA 98229-2822
      View Details
    • Value Estimation
      $1,445,000
      2,388 SF

      1850 Lk Whatcom Blvd

      PROFESSIONAL BUILDING • 2,388 SF
      1850 Lk Whatcom Blvd, Bellingham, WA 98229-2785
      View Details

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    Similar Nearby for Lease

    • $17 SF/Yr
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      Centrally located office space suitable for various service businesses.
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      View Details
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      Prime office space with easy access and ample parking.
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      View Details
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    • $13 SF/Yr
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      Industrial Facility with Remodeled Office

      Industrial facility with remodeled retail/office space and secure yard.
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      View Details
    • $28 SF/Yr
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      Restaurant Space Near Fred Meyer

      Move-in ready restaurant space with hood fan and extensive TI.
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      View Details
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    Bellingham, WA 98229-2034
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    Realmo Value Estimation

    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.

    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.

    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
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