Financial
Distress signals
Property profile

1313 N State St Bellingham, WA 98225

FOR LEASE
Bars & Pubs
Property ID
US90-0462940
18,975 SF 0.16 ac lot Built 1913
Last sale Mar 2015 · $725,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A historic building located in the downtown Bellingham core. The property is configured with retail space on the ground floor and two additional unfinished floors above. The building includes a commercial kitchen. It is situated near local businesses and along an area with relatively high pedestrian and vehicular traffic.

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.

Mortgages

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?
$8k
Tax billed · 2021
Assessed value · 2022$908k
Assessed land$439k
Assessed improvement$469k
Effective rate0.85%

Value estimate

· Oct 2026
$395k
$356k – $435k
NOI build-up
Gross scheduled income$90k
Vacancy & credit loss−$5k
Operating expenses−$26k
NOI · 332,311.11% cap applied$60k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$392/SF
Submarket average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$222 – $626

Cap rate analysis

How does the asset earn?
332,311.11%
$60k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CC
JurisdictionWHATCOM

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat8.6
Butcher8.5
Locksmith7.5

Location

1313 N State St Bellingham, WA 98225
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file 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
1914 King, Bellingham, WA 98225-4237 $889,350 Jul 2025 6,024 SF
York, Bellingham, WA 98225 $6,200,000 Jul 2025 6,500 SF
1417 State, Bellingham, WA 98225-4512 $2,300,000 Mar 2025 6,207 SF
1210 State, Bellingham, WA 98225-5016 $1,275,000 Feb 2025 12,612 SF
500 Carolina, Bellingham, WA 98225-4106 $2,080,000 Jan 2025 9,720 SF
102 Samish, Bellingham, WA 98225-6001 $5,130,000 Jan 2025 9,509 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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