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Financial
Distress signals
Property profile

189 Bakerview Rd Bellingham, WA 98226

OFF-MARKET
Commercial real estate
Property ID
US90-3312696
12,096 SF 2.39 ac lot Built 2003
Last sale Sep 2019 · $1,346,800
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fee-simple, single-tenant, net-leased Petco store located at 189 E Bakerview Rd, Bellingham, WA 98226. The 12,096 square foot building, constructed in 2004 and renovated in 2024, sits on a 2.39-acre lot and is zoned for general commercial use. Currently operating under a 10-year lease commencing February 1, 2024, and expiring January 31, 2034, this property boasts a 9.2-year remaining lease term with a corporate guarantee. The lease includes…

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?
$22k
Tax billed · 2021
Assessed value · 2022$2.67M
Assessed land$1.28M
Assessed improvement$1.39M
Effective rate0.84%

Value estimate

· Oct 2026
$3.30M
$2.97M – $3.62M
CAP approach$2.36M
Submarket $/SF estimate$4.39M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$299/SF
ZIP average, outlier-cleaned · 72 recorded sales of this use type
Observed band · Q1–Q3$212 – $441
Qualifying comparables3

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?
PC
JurisdictionWHATCOM

Location intelligence

Which uses thrive at this corner?
Best fit: Plumbing Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Plumbing Service9.0
HVAC Service8.8
Shoe Repair8.6

Location

189 Bakerview Rd Bellingham, WA 98226-9184
County assessor Recorded deeds · 7 transfers 3 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3115 Racine, Bellingham, WA 98226-6646 $47,700,000 Jul 2025 38,392 SF
2001 Masonry, Bellingham, WA 98226-8016 $480,000 May 2025 12,000 SF
2412 Rimland, Bellingham, WA 98226-6736 $3,372,924 May 2024 8,457 SF
140 Bellis Fair, Bellingham, WA 98226-5541 $4,685,000 May 2024 25,480 SF
2536 Valencia, Bellingham, WA 98226-3736 $535,000 Mar 2024 3,290 SF
4326 Pacific, Bellingham, WA 98226-9017 $3,050,000 Apr 2023 16,932 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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