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Financial
Distress signals
Property profile

1315 12th St Bellingham, WA 98225

OFF-MARKET
Turn key restaurants
Property ID
US90-3309316
2,431 SF 0.25 ac lot Built 1961
Last sale May 2023 · $1,950,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a restaurant building with a 2,431-square-foot structure that is configured for a storefront restaurant use and includes on-site parking. The site provides storefront identification through pylon signage and building fascia signage. It is situated on a 15,033-square-foot lot and is zoned Commercial Core within the Fairhaven Urban Village. The property is accessed for pedestrians, cyclists, and vehicles, consistent with visitor entry by car, bike, or on foot.

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 · 2024

What does the county charge?
$9k
Tax billed · 2024
Assessed value · 2023$1.12M
Assessed land$900k
Assessed improvement$224k
Effective rate0.78%

Value estimate

· Oct 2026
$2.19M
$1.97M – $2.41M
AI approach$2.19M
Submarket $/SF estimate$1.52M

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?

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

Zoning insight

What can be built here?
CC
JurisdictionWHATCOM

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office14.6
Building Supply12.6
HVAC Service11.2

Location

1315 12th St Bellingham, WA 98225-7105
County assessor Recorded deeds · 5 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
1201 Railroad, Bellingham, WA 98225 $2,175,000 Feb 2026 2,800 SF
1910 Broadway, Bellingham, WA 98225-3238 $2,303,111 Sep 2025 3,125 SF
109 Prospect, Bellingham, WA 98225-4401 $1,358,017 May 2025 2,750 SF
716 Alabama, Bellingham, WA 98225-3829 $1,700,000 May 2025 3,060 SF
411 Magnolia, Bellingham, WA 98225-4510 $1,110,000 May 2024 3,088 SF
3323 Nwnw, Bellingham, WA 98225-1208 $910,000 Apr 2024 2,349 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

Comparable nearby

  • Value Estimation
    $270,000
    2,750 SF
    206 Holly St
    BAR, TAVERN
    206 Holly St, Bellingham, WA 98225
    View Details
  • Value Estimation
    $350,000
    2,018 SF
    2110 James St
    RETAIL STORES (PERSONAL SERVICES)
    2110 James St, Bellingham, WA 98225-4140
    View Details
  • Value Estimation
    $610,000
    3,760 SF
    2404 Elm St
    GROCERY, SUPERMARKET
    2404 Elm St, Bellingham, WA 98225-2730
    View Details
  • Value Estimation
    $590,000
    7,804 SF
    7 Bellwether Way
    RESTAURANT
    7 Bellwether Way, Bellingham, WA 98225-2954
    View Details
  • Value Estimation
    $430,000
    8,750 SF
    1825 Ellis St
    GARDEN CENTER, HOME IMPROVEMENT
    1825 Ellis St, Bellingham, WA 98225-4618
    View Details
  • Value Estimation
    $410,000
    8,894 SF
    1235 State St
    FINANCIAL BUILDING
    1235 State St, Bellingham, WA 98225-5015
    View Details

Similar Nearby for Sale

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  • New
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  • $1,200,000
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    Historic storefront with active retail operations and a layout previously configured for two separate commercial occupants.
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Similar Nearby for Lease

  • New
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    The 2,726-square-foot space is available for rent at a Bellingham address.
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  • New
    $16 SF/Yr
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  • Contact for pricing
    3,240 sqft
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    For rent retail storefront with NNN expenses available from the listing agent upon request.
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  • Contact for pricing
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  • New
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    3,600 sqft
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    Retail storefront with expansive windows and a basement level for storage, plus off-street customer parking at a busy intersection.
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    View Details
  • Contact for pricing
    1,605 sqft
    Waterfront Retail Space in Modern Building
    Retail space for lease in a concrete, steel, and glass building on Bellingham Bay, below 103 condos.
    1025 Granary Ave, Bellingham, WA 98225
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