The property consists of a retail space located in a historic downtown building with frontage on a heavily trafficked arterial road. The interior layout is open concept, with hardwood flooring and exposed brick walls. The space has an area of approximately 1,667 square feet and is configured for retail use.

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?

$17k

Tax billed · 2021

Assessed value · 2022$1.98M

Assessed land$562k

Assessed improvement$1.42M

Effective rate0.85%

Value estimate

· Nov 2026

$1.50M

$1.35M – $1.65M

CAP approach$1.37M

Submarket $/SF estimate$1.22M

Realmo valuation models over county records and 5 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 comparables5

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?

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

1431 State St Bellingham, WA 98225-4512

County assessor Recorded deeds · 3 transfers 5 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 · 8 properties nearby

Address Sale price Sold Size

1312 11th, Bellingham, WA 98225-7017 $13,594,864 Jan 2024 4,340 SF

2524 Meridian, Bellingham, WA 98225-2465 $299,000 Sep 2021 7,541 SF

2522 Meridian, Bellingham, WA 98225-2464 $299,000 Sep 2021 7,541 SF

1240 Maple, Bellingham, WA 98225-5749 $640,000 Aug 2020 6,848 SF

13 Prospect, Bellingham, WA 98225-4472 $1,275,000 Jun 2019 11,882 SF

Cornwall, Bellingham, WA 98225 $9,487,191 Jan 2019 9,398 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

Value Estimation
$1,195,000

7,658 SF

2211 Douglas Ave

OFFICE/RESIDENTIAL (MIXED USE)

2211 Douglas Ave, Bellingham, WA 98225-8661

View Details
Value Estimation
$670,000

6,108 SF

308 Champion St

OFFICE/RESIDENTIAL (MIXED USE)

308 Champion St, Bellingham, WA 98225-4341

View Details
Value Estimation
$1,535,000

8,800 SF

1421 Cornwall Ave

STORE/OFFICE (MIXED USE)

1421 Cornwall Ave, Bellingham, WA 98225-4519

View Details
Value Estimation
$1,265,000

9,640 SF

1313 Railroad Ave

OFFICE/RESIDENTIAL (MIXED USE)

1313 Railroad Ave, Bellingham, WA 98225-4722

View Details
Value Estimation
$785,000

5,000 SF

1611 State St

STORE/OFFICE (MIXED USE)

1611 State St, Bellingham, WA 98225-4602

View Details
Value Estimation
$2,230,000

9,854 SF

112 Maple St, Unit B

OFFICE/RESIDENTIAL (MIXED USE)

112 Maple St, Bellingham, WA 98225-4399

View Details

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Remodeled Retail and Office Mixed-Use Building

Remodeled mixed-use building offering retail and office space totaling 38,315 SF.

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Includes: Price & PSF · Cap rate · Location · Zoning

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1431 State St Bellingham, WA 98225

Property summary