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    Property profile & analytics

    1514 12Th St Bellingham, WA 98225

    • Office buildings
    • 5,476 SF
    • 0.63 lot acres
    For Lease
    View listing
    $3,653 /Mo
    Value Estimation
    $2,650,000
    Last Sale
    Jun 10, 2022
    $2,463,915
    Location Intelligence
    Property ID
    US90-3202129
    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

    • Emily Mulholland / Physical Therapist / Practitioner Service Location
    • Jennifer Kerr / Physical Therapist / Practitioner Service Location
    • Emily Milner / Physical Therapist / Practitioner Service Location
    • Angela Hilyar / Physical Therapist
    • Tawny Bridge Pope / Physical Therapist

    Property Details for 1514 12Th St

    Year built
    1994
    Lot size
    0.63 lot acres
    Property size
    5,476 SF
    Zone code
    CC
    Property type
    Office buildings
    APN
    370201 124012 0000
    APU
    3702011240120000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,955,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,545,000
      6.5%
      $2,505,000
      7%
      $2,635,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,650,000
      Geo Method
      $2,460,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,090,000
      Retail
      $2,100,000
      Mixed-Use
      $2,355,000
      Hospitality
      $2,380,000
      Educational
      $2,050,000
      Residential Income
      $2,200,000
      Energy
      $2,005,000
      Income-Based Land
      $2,615,000
      Food Service
      $2,090,000

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Whatcom
    State
    Washington
    Longitude
    -122.503
    Latitude
    48.718
    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
    2024
    $22,450
    $2,162,875
    $724,625
    $2,887,500
    -
    $2,162,875
    $724,625
    $2,887,500

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

      1022 19th St

      PROFESSIONAL BUILDING • 0.09 Acres
      1022 19th St, Bellingham, WA 98225-6758
      View Details
    • Value Estimation by Request
      0.11 Acres

      1840 Iron St

      PROFESSIONAL BUILDING • 0.11 Acres
      1840 Iron St, Bellingham, WA 98225-4644
      View Details
    • Value Estimation by Request
      31,107 SF

      405 32nd St

      PROFESSIONAL BUILDING • 31,107 SF
      405 32nd St, Bellingham, WA 98225-0951
      View Details
    • Value Estimation by Request
      5,264 SF

      1700 D St

      PROFESSIONAL BUILDING • 5,264 SF
      1700 D St, Bellingham, WA 98225-3101
      View Details
    • Value Estimation by Request
      7,458 SF

      1215 Old Fairhaven Pkwy

      PROFESSIONAL BUILDING • 7,458 SF
      1215 Old Fairhaven Pkwy, Bellingham, WA 98225-7444
      View Details
    • Value Estimation
      $320,000
      0.19 Acres

      19th St

      PROFESSIONAL BUILDING • 0.19 Acres
      19th St, Bellingham, WA 98225
      View Details

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    Similar Nearby for Lease

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      Recently remodeled office space for lease starting May 2024.
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    • $19 SF/Yr
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      Office space for rent in a vibrant, growing community.
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    • Contact for pricing
      1,196 SF

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      Centrally located office space with new heat pumps for lease.
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    1514 12Th 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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