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Financial
Distress signals
Property profile

1215 Holly St Bellingham, WA 98225

OFF-MARKET
Office buildings
Property ID
US90-1110673
1,776 SF 0.25 ac lot Built 1958
Last sale Aug 2021 · $860,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 1215 Holly in Bellingham, Washington (98225) is a water-view office building configured for office use and supported by preliminary multi-family concept renderings. Conceptual plans and project details have been prepared to support a potential redevelopment into multi-family residential use, while the building materials and information provided are also consistent with maintaining the property in its current office configuration. The building’s corridor setting is within an area…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2021

What does the county charge?
$7k
Tax billed · 2021
Assessed value · 2022$820k
Assessed land$627k
Assessed improvement$193k
Effective rate0.86%

Value estimate

· Oct 2026
$975k
$878k – $1.07M
AI approach$1.03M
Submarket $/SF estimate$850k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$343/SF
ZIP average, outlier-cleaned · 48 recorded sales of this use type
Observed band · Q1–Q3$252 – $479
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
RM15OF
JurisdictionWHATCOM

Location intelligence

Which uses thrive at this corner?
Best fit: Locksmith
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Locksmith9.1
Watch Repair Shop8.7
HVAC Service8.6

Location

1215 Holly St Bellingham, WA 98225-2928
County assessor Recorded deeds · 1 transfer 7 qualifying comp sales Zoning catalog

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 nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
612 Virginia, Bellingham, WA 98225-4129 $500,000 Jun 2025 1,274 SF
2136 James, Bellingham, WA 98225-4140 $550,000 Jan 2025 1,980 SF
1314 State, Bellingham, WA 98225-4715 $1,300,000 Apr 2024 2,716 SF
1609 12th, Bellingham, WA 98225-7447 $915,000 Jan 2024 1,800 SF
3219 Meridian, Bellingham, WA 98225-1727 $600,000 Nov 2023 1,612 SF
2309 Kulshan, Bellingham, WA 98225-2847 $340,000 Jun 2022 1,196 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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