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Financial
Distress signals
Property profile

1501 Cornwall Ave Bellingham, WA 98225

FOR SALE
Banks
Property ID
US90-1216982
4,288 SF 0.34 ac lot Built 1972
Last sale Sep 2026 · $1,246,910
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

In downtown Bellingham, this Class A commercial building includes 4,800 square feet on the upper level and an additional 4,800 square feet in a built-out lower level, for a total of approximately 9,600 square feet. The property underwent a substantial upgrade and remodel in 2015 and is equipped with substantial electrical power suitable for a range of commercial uses. Its configuration supports office and financial or service-oriented functions, including potential uses such as a bank with a…

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?
$12k
Tax billed · 2021
Assessed value · 2022$1.16M
Assessed land$752k
Assessed improvement$409k
Effective rate1.00%

Value estimate

· Oct 2026
$335k
$302k – $369k
AI approach$345k
NOI build-up
Gross scheduled income$177k
Vacancy & credit loss−$9k
Operating expenses−$42k
NOI · 6.46% cap applied$126k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
6.46%
$126k 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: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility12.5
Auto Parts Store12.1
HVAC Service11.3

Location

1501 Cornwall Ave Bellingham, WA 98225
County assessor Recorded deeds · 2 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2018 Iron, Bellingham, WA 98225-4212 $860,000 Mar 2025 4,028 SF
227 Prospect, Bellingham, WA 98225-4403 $900,000 May 2024 4,770 SF
2411 James, Bellingham, WA 98225-3835 $1,800,000 Feb 2024 4,306 SF
514 Potter, Bellingham, WA 98225-4947 $1,260,000 Dec 2022 5,029 SF
3201 Nwnw, Bellingham, WA 98225-1363 $1,260,000 Mar 2022 3,726 SF
3205 Nwnw, Bellingham, WA 98225-1364 $1,260,000 Mar 2022 3,696 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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