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    Property profile & analytics

    1421 N Forest St Bellingham, WA 98225

    • Manufacturing properties
    • 4,800 SF
    • 0.16 lot acres
    For Lease
    View listing
    $11 SF/Yr
    Value Estimation
    $350,000
    Location Intelligence
    Property ID
    US90-0804676
    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

    • Iron Street Printing / Graphic Designer / Custom T-Shirt Store
    • Ragfinery / Fabric Store / Sewing Shop
    • ReUse Works / Association / Organization

    Property Details for 1421 N Forest St

    Year built
    1935
    Lot size
    0.16 lot acres
    Property size
    4,800 SF
    Zone code
    CC
    Property type
    Manufacturing properties
    APN
    380330 333122 0000
    APU
    3803303331220000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $360,000

    • CAP approach

      CAP return
      Estimation
      6%
      $355,000
      6.5%
      $380,000
      7%
      $340,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $310,000
      Geo Method
      $370,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $400,000
      Retail
      $395,000
      Mixed-Use
      $315,000
      Hospitality
      $345,000
      Educational
      $310,000
      Residential Income
      $365,000
      Energy
      $355,000
      Income-Based Land
      $380,000
      Food Service
      $415,000

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Whatcom
    State
    Washington
    Longitude
    -122.474
    Latitude
    48.7496
    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
    $4,410
    $303,050
    $216,749
    $519,799
    -
    $303,050
    $216,749
    $519,799

    Comparable in this City

    • Value Estimation
      $280,000
      0.17 Acres

      Bellingham, WA 98225

      SHIPYARD - BUILT OR REPAIRED • 0.17 Acres
      Bellingham, WA 98225
      View Details
    • Value Estimation by Request
      3,411 SF

      741 Marine Dr

      PROCESSING PLANT (CEMENT, GRAVEL) • 3,411 SF
      741 Marine Dr, Bellingham, WA 98225-1529
      View Details
    • Value Estimation by Request
      13,920 SF

      3560 Meridian St

      LUMBER & WOOD PRODUCT MFG • 13,920 SF
      3560 Meridian St, Bellingham, WA 98225-1731
      View Details
    • Value Estimation
      $300,000
      0.28 Acres

      Bellingham, WA 98225

      SHIPYARD - BUILT OR REPAIRED • 0.28 Acres
      Bellingham, WA 98225
      View Details
    • Value Estimation
      $6,490,000
      76,035 SF

      742 Marine Dr

      FOUNDRY, INDUSTRIAL PLANT • 76,035 SF
      742 Marine Dr, Bellingham, WA 98225-1530
      View Details
    • Value Estimation by Request
      2,960 SF

      Bellingham, WA 98225

      SHIPYARD - BUILT OR REPAIRED • 2,960 SF
      Bellingham, WA 98225
      View Details

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    Similar Nearby for Lease

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    • $0.75 SF/Yr
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      Industrial Space with Fenced Yard

      Industrial space for rent featuring a large, fenced yard.
      1419 C St, Bellingham, WA 98225
      View Details
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    1421 N Forest St
    Bellingham, WA 98225
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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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