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Financial
Distress signals
Property profile

1414 Cornwall Ave Bellingham, WA 98225

FOR LEASE
Investment properties
Property ID
US90-1386026
13,750 SF 0.16 ac lot Built 1912
Last sale Aug 2018 · $1,465,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 2,911 square foot restaurant/retail space is available for lease in the heart of Bellingham, WA. Located at 1414 Cornwall Ave (cross street: E Magnolia), this single-tenancy unit is situated within a beautifully renovated, two-story, 20,120 square foot building (built in 1912, renovated in 2022) in the city's vibrant CBD, zoned accordingly. The property boasts a prime location with exceptionally high foot traffic, benefiting from its proximity to established businesses like…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2021

What does the county charge?
$6k
Tax billed · 2021
Assessed value · 2022$277k
Assessed land$277k
Effective rate2.10%

Value estimate

· Oct 2026
$360k
$324k – $396k
NOI build-up
Gross scheduled income$52k
Vacancy & credit loss−$3k
Operating expenses−$15k
NOI · 217,093.75% cap applied$35k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$278/SF
ZIP average, outlier-cleaned · 67 recorded sales of this use type
Observed band · Q1–Q3$162 – $451
Qualifying comparables3

Cap rate analysis

How does the asset earn?
217,093.75%
$35k 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: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store13.0
Storage Facility11.6
HVAC Service11.3

Location

1414 Cornwall Ave Bellingham, WA 98225
County assessor Recorded deeds · 9 transfers 3 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 · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
909 Harris, Bellingham, WA 98225-7080 $3,000,000 Oct 2023 12,399 SF
1059 State, Bellingham, WA 98225-5011 $1,798,349 Sep 2023 12,100 SF
112 Grand, Bellingham, WA 98225-4463 $2,400,000 Jun 2023 13,250 SF
915 Harris, Bellingham, WA 98225-7032 $2,235,000 Mar 2023 12,000 SF
311 Holly, Bellingham, WA 98225-4732 $2,300,000 Jul 2019 18,480 SF
13 Prospect, Bellingham, WA 98225-4472 $1,275,000 Jun 2019 11,882 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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