Advertise
My dashboard
Property profile

1650 Birchwood Ave Bellingham, WA 98225

FOR LEASE
Retail space
Saved · see the list in your Dashboard
Property ID
US90-0971186
29,964 SF 2.48 ac Built 1959
Last sale Mar 2026·$3,050,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon
1650 Birchwood Ave, Bellingham, WA 98225 For Lease
Contact for pricing 42,500 SF available
1650 Birchwood Ave, Bellingham, WA 98225
View Listing

Property summary

AI-generated overview

A vacant large-format commercial building totaling 41,261 square feet sits on a 3.51-acre parcel. The site includes approximately 140 parking stalls, representing a parking ratio of about 3.4 spaces per 1,000 square feet. The property is located in Bellingham’s Planned Commercial (PC) zoning district, which supports a range of commercial uses including retail, medical, office, and light industrial.

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 · 2024

What does the county charge?
$21k
Tax billed · 2024
Assessed value · 2023$2.76M
Assessed land$1.60M
Assessed improvement$1.17M
Effective rate0.78%

Value estimate

· Nov 2026
$4.63M
$4.17M – $5.09M
AI approach$4.54M
CAP approach$5.50M
Submarket $/SF estimate$4.67M
NOI build-up
Gross scheduled income$765k
Vacancy & credit loss−$41k
Operating expenses−$217k
NOI · 2,983,047.06% cap applied$507k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$293/SF
Submarket average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$156 – $387

Cap rate analysis

How does the asset earn?
2,983,047.06%
$507k 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?
PC
JurisdictionWHATCOM

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply24.1
Auto Repair Shop21.2
Law Firm18.6

Location

1650 Birchwood Ave Bellingham, WA 98225
County assessor Recorded deeds · 11 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
York, Bellingham, WA 98225 $6,200,000 Jul 2025 6,500 SF
1210 State, Bellingham, WA 98225-5016 $1,275,000 Feb 2025 12,612 SF
1100 C, Bellingham, WA 98225-3907 $1,750,000 Mar 2024 15,680 SF
1524 Birchwood, Bellingham, WA 98225-1308 $3,950,000 Dec 2023 28,814 SF
2331 James, Bellingham, WA 98225-3833 $2,150,000 Oct 2022 13,308 SF
1931 James, Bellingham, WA 98225 $437,086 Apr 2022 8,616 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

Comparable nearby

  • Value Estimation
    $3,700,000
    36,094 SF
    220 36th St
    DRUG STORE, PHARMACY
    220 36th St, Bellingham, WA 98225-6540
    View Details
  • Value Estimation
    $750,000
    38,632 SF
    1730 State St
    GYM, HEALTH SPA
    1730 State St, Bellingham, WA 98225-4605
    View Details
  • Value Estimation
    $3,280,000
    16,497 SF
    3227 Nwnw Ave
    RETAIL STORES (PERSONAL SERVICES)
    3227 Nwnw Ave, Bellingham, WA 98225-1317
    View Details
  • Value Estimation
    $1,525,000
    14,320 SF
    2030 King St
    RETAIL STORES (PERSONAL SERVICES)
    2030 King St, Bellingham, WA 98225-4239
    View Details
  • Value Estimation
    $710,000
    11,618 SF
    3233 Nwnw Ave
    FINANCIAL BUILDING
    3233 Nwnw Ave, Bellingham, WA 98225-1317
    View Details
  • Value Estimation
    $585,000
    11,343 SF
    1100 Dupont St
    FINANCIAL BUILDING
    1100 Dupont St, Bellingham, WA 98225-3113
    View Details

Similar Nearby for Sale

  • New
    $2,950,000
    32,000 SF
    Two-Building Shopping Center
    Two-building retail property with connected utilities and short-term leases in place.
    3020 Northwest Ave, Bellingham, WA 98225
    View Details
  • Contact for pricing
    38,315 SF
    Remodeled Retail and Office Mixed-Use Building
    Remodeled mixed-use building offering retail and office space totaling 38,315 SF.
    1211 Granary Ave, Bellingham, WA 98225
    View Details
  • Contact for pricing
    1,605 SF
    Waterfront Retail Space in Modern Building
    Retail space in a concrete, steel, and glass building overlooking Bellingham Bay, located beneath 103 waterfront condominiums.
    1025 Granary Ave, Bellingham, WA 98225
    View Details
  • $1,200,000
    Storefront Property with Retail Configuration
    Historic storefront with active retail operations and a layout previously configured for two separate commercial occupants.
    1321 Cornwall Ave, Bellingham, WA 98225
    View Details
  • New
    $3,950,000
    Two-Building Storefront Property
    Ground-floor commercial space includes basement storage, paved on-site lots, and street parking.
    1205 Commercial St, Bellingham, WA 98225
    View Details
  • New
    Contact for pricing
    Downtown Retail Buildings with Parking
    Two retail buildings with ground-floor space, paved parking lot, and a full basement level in 1215.
    1205-1205 Commercial St, Bellingham, WA 98225
    View Details

Similar Nearby for Lease

  • New
    Contact for pricing
    15,500 sqft
    Historic Retail Storefront Building
    Built in 1925, this retail storefront features 25-foot ceiling height and offers owner-user or investment opportunity.
    114 W Holly St, Bellingham, WA 98225
    View Details
  • Contact for pricing
    7,078 sqft
    Downtown Retail Building with Mezzanine
    Two adjacent storefronts on the main floor, plus mezzanine office space and basement storage, with back-alley access and two parking spaces.
    1321-1323 Cornwall Ave, Bellingham, WA 98225
    View Details
  • New
    Contact for pricing
    6,875 sqft
    Freestanding Retail Showroom
    Freestanding building with signage exposure and on-site paved parking plus street parking in downtown Bellingham.
    1205-1205 Commercial St, Bellingham, WA 98225
    View Details
  • New
    Contact for pricing
    4,437 sqft
    Freestanding Storefront Building
    A standalone commercial building with dedicated on-site parking serves an established customer base.
    1301 E Maple St, Bellingham, WA 98225
    View Details
  • Contact for pricing
    4,045 sqft
    Retail Space Available For Rent
    Retail spaces available, ranging from 1,000 to 4,045 SqFt.
    701 West Holly Street, Bellingham, WA 98225
    View Details
  • Contact for pricing
    3,600 sqft
    Retail Space with Parking
    The premises offer flexible floor plan configurations for retail occupancy.
    1515 N Forest St, Bellingham, WA 98225
    View Details
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

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

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
Email to Your Friends
Link copied to clipboard
Separate multiple addresses with a comma
Message sent successfully
Error
Why this one?
Saved
Google sign-in failed. Please try again or use another login method.
Sign Up Successful!
You now have access to more from Realmo!