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    Property profile & analytics

    1223 Commercial St Bellingham, WA 98225-4306

    • Office buildings
    • 5,181 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    $360,000
    Location Intelligence
    Property ID
    US90-0065216
    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

    • Shropshire Law Firm / Attorney
    • Tory F Johnson PS / Attorney
    • Simmons Sweeney Freimund Smith Tardif PLLC / Attorney
    • Parsons Daniel T / Attorney

    Property Details for 1223 Commercial St

    Year built
    1931
    Lot size
    0.08 lot acres
    Property size
    5,181 SF
    Zone code
    CC
    Property type
    Office buildings
    APN
    380330 123150 0000
    APU
    3803301231500000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $380,000
      6.5%
      $380,000
      7%
      $385,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $350,000
      Geo Method
      $405,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $410,000
      Retail
      $420,000
      Mixed-Use
      $405,000
      Hospitality
      $450,000
      Educational
      $385,000
      Residential Income
      $405,000
      Energy
      $420,000
      Income-Based Land
      $400,000
      Food Service
      $415,000

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Whatcom
    State
    Washington
    Longitude
    -122.481
    Latitude
    48.7503
    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
    $8,398
    $294,120
    $678,664
    $972,784
    -
    $294,120
    $678,664
    $972,784

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

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    • Value Estimation by Request
      0.11 Acres

      1840 Iron St

      PROFESSIONAL BUILDING • 0.11 Acres
      1840 Iron St, Bellingham, WA 98225-4644
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    • Value Estimation by Request
      31,107 SF

      405 32nd St

      PROFESSIONAL BUILDING • 31,107 SF
      405 32nd St, Bellingham, WA 98225-0951
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      5,264 SF

      1700 D St

      PROFESSIONAL BUILDING • 5,264 SF
      1700 D St, Bellingham, WA 98225-3101
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    • Value Estimation by Request
      7,458 SF

      1215 Old Fairhaven Pkwy

      PROFESSIONAL BUILDING • 7,458 SF
      1215 Old Fairhaven Pkwy, Bellingham, WA 98225-7444
      View Details
    • Value Estimation
      $320,000
      0.19 Acres

      19th St

      PROFESSIONAL BUILDING • 0.19 Acres
      19th St, Bellingham, WA 98225
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      912 SF office building with parking in convenient location.
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    • $30 SF/Yr
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      Office Suite with Private Restroom

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      Fairhaven Office Space For Rent

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      2,062 SF

      Move-in Ready Medical/Professional Office Space

      Turn-key office space near City Hall, suitable for various uses.
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    • $3,653 /Mo
      1,537 SF

      Fairhaven Office Space with Parking

      Professional office space in a highly visible, central location.
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    • Contact for pricing
      573 SF

      Retail/Office Space on State Street

      Ground-floor commercial condo in a high-traffic, mixed-use building.
      1031 North State St, Bellingham, WA 98225
      View Details

    Property Visit Statistics

    • Visits by month
      8.8k
    • Visitors by month
      6.1k
    • Avg Time on site
      26 min
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    1223 Commercial St
    Bellingham, WA 98225-4306
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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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