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Property profile

1413 Railroad Ave Bellingham, WA 98225

OFF-MARKET
Investment properties
Property ID
US90-3242876
11,000 SF 0.13 ac lot Built 1908
Entity Owned Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 11,000-square-foot storefront at 1413 Railroad Avenue in Bellingham, WA, presents a unique investment opportunity. Originally built in 1908, this historically significant property, formerly Stockton's Paint Store, boasts a prominent location on one of Bellingham's main downtown streets. The two-story building sits on a 5,600-square-foot lot and offers significant potential for redevelopment or continued use as a retail space. The upper level features a substantial residential apartment with four bedrooms, two bathrooms, a large ballroom, a kitchen, living space, and rooftop access. Its central downtown location provides easy access to all amenities and attractions. The asking price is $1,499,000. This property is ideal for investors or developers seeking a high-visibility location with substantial space and versatile options. The building's history and character add to its appeal, making it a rare find in the heart of Bellingham's vibrant downtown. The property is currently owned by Dale Ragan and is offered with a broker co-op agreement. This is a chance to acquire a significant piece of Bellingham's commercial landscape. The property's size and location make it suitable for a variety of uses, from continued retail operation to conversion into multifamily housing.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1908
Total area 11,000 SF
Lot 0.13 ac (5,602 SF)
Zoning code CC
APN 380330 241164 0000
UPID US90-3242876

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Building Supply

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

since 2026
1 recorded transaction
2026
$900,000

Zoning & alternative use

CC · Bellingham, WA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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