Financial
Distress signals
Property profile

1505 State St 2 Bellingham, WA 98225

OFF-MARKET
Commercial real estate
Property ID
US90-1967644
56,428 SF 0.44 ac lot Built 2010
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2022$9.17M
Assessed land$1.28M
Assessed improvement$7.89M

Value estimate

· Sep 2026
$7.86M
$7.07M – $8.64M
Sales comparison$5.64M

Realmo valuation models over county records.

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

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?
CMIX
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 Facility11.6
HVAC Service11.3
Auto Parts Store10.3

Location

1505 State St, Unit 2 Bellingham, WA 98225-4571
County assessor Recorded deeds · not on file 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
333 32nd, Bellingham, WA 98225-0935 $8,056,584 Feb 2026 29,992 SF
3528 Nwnw, Bellingham, WA 98225-1239 $9,350,000 Jul 2025 34,528 SF
702 32nd, Bellingham, WA 98225-6963 $4,900,000 Mar 2025 37,138 SF
621 32nd, Bellingham, WA 98225-6950 $6,663,700 Dec 2024 30,191 SF
900 Frst, Bellingham, WA 98225-5572 $54,850,000 Dec 2024 95,444 SF
2305 Douglas, Bellingham, WA 98225-8640 $800,000 Jan 2024 31,536 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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