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    Property profile & analytics

    2003 State St Bellingham, WA 98225-4217

    • Investment properties
    • 16,871 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimation
    $570,000
    Location Intelligence
    Property ID
    US90-0913215
    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

    • Dick's Crown & Bridge Lab / Dental Laboratory
    • Crowns by Design Dental Lab / Dental Laboratory

    Property Details for 2003 State St

    Year built
    1926
    Lot size
    0.30 lot acres
    Property size
    16,871 SF
    Zone code
    LI
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    380330 521400 0000
    APU
    3803305214000000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $530,000

    • CAP approach

      CAP return
      Estimation
      6%
      $700,000
      6.5%
      $705,000
      7%
      $665,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $775,000
      Geo Method
      $715,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $775,000
      Retail
      $765,000
      Mixed-Use
      $750,000
      Hospitality
      $790,000
      Educational
      $725,000
      Residential Income
      $730,000
      Energy
      $600,000
      Income-Based Land
      $645,000
      Food Service
      $735,000

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Whatcom
    State
    Washington
    Longitude
    -122.466
    Latitude
    48.7562
    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
    2021
    $11,820
    $545,720
    $847,479
    $1,393,199
    -
    $545,720
    $847,479
    $1,393,199

    Comparable in this City

    • Value Estimation by Request
      1.51 Acres

      21 Bellwether Way

      STORE/OFFICE (MIXED USE) • 1.51 Acres
      21 Bellwether Way, Bellingham, WA 98225-2961
      View Details
    • Value Estimation by Request
      5,850 SF

      1407 Commercial St

      STORE/OFFICE (MIXED USE) • 5,850 SF
      1407 Commercial St, Bellingham, WA 98225-4309
      View Details
    • Value Estimation
      $310,000
      752 SF

      1111 Liberty St

      STORE/OFFICE (MIXED USE) • 752 SF
      1111 Liberty St, Bellingham, WA 98225-5239
      View Details
    • Value Estimation
      $950,000
      40,831 SF

      1314 Cornwall Ave

      STORE/OFFICE (MIXED USE) • 40,831 SF
      1314 Cornwall Ave, Bellingham, WA 98225
      View Details
    • Value Estimation
      $605,000
      1,470 SF

      701 Holly St

      STORE/OFFICE (MIXED USE) • 1,470 SF
      701 Holly St, Bellingham, WA 98225-4712
      View Details
    • Value Estimation
      $1,170,000
      13,986 SF

      1303 Commercial St

      STORE/OFFICE (MIXED USE) • 13,986 SF
      1303 Commercial St, Bellingham, WA 98225-4347
      View Details

    Similar Nearby for Sale

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      2,448 SF

      Bellingham Storefront: Prime Location

      High-return retail investment, fully leased.
      2731 Meridian St, Bellingham, WA 98225
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    • $2,200,000

      Mixed-Use Building in Historic Fairhaven

      Four-unit, fully leased building with commercial and residential spaces.
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      Old Town Bellingham Development Opportunity

      Prime site in revitalizing corridor, ideal for development/commercial use.
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    • $1,650,000
      15,500 SF

      Downtown Bellingham Retail Gem

      Iconic 1925 building, 15,500 SF, owner-user opportunity.
      114-118 Holly St, Bellingham, WA 98225
      View Details
    • $2,500,000

      Downtown Bellingham Multi-Tenant Office Building

      Fully occupied office building in downtown Bellingham for sale.
      300 N Commercial St, Bellingham, WA 98225
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    Similar Nearby for Lease

    • $16 SF/Yr
      62,665 SF

      Crown Plaza Bellingham Office Space

      Historic Bellingham Office Building, Flexible Suites
      114 Magnolia St, Bellingham, WA 98225
      View Details
    • $11 SF/Yr
      3,403 SF

      Remodeled Office Space Available Soon

      Recently remodeled office space for lease starting May 2024.
      2203-2209 Elm St, Bellingham, WA 98225
      View Details
    • $19 SF/Yr
      840 SF

      Office Space in Fountain District

      Office space for rent in a vibrant, growing community.
      2417 Meridian St, Bellingham, WA 98225
      View Details
    • $30 SF/Yr
      1,200 SF

      Retail Space Near Western University

      Retail space with high foot traffic and parking.
      141 S Samish Way, Bellingham, WA 98225
      View Details
    • Contact for pricing
      1,196 SF

      Upper Floor Office Space Available

      Centrally located office space with new heat pumps for lease.
      2509 Cedarwood Ave, Bellingham, WA 98225
      View Details
    • $22 SF/Yr
      6,000 SF

      Spacious Office Space Available

      6,000 SF office space with ample natural light.
      1327-1329 N State St, Bellingham, WA 98225
      View Details

    Property Visit Statistics

    • Visits by month
      3.1k
    • Visitors by month
      2.4k
    • Avg Time on site
      14 min
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    2003 State St
    Bellingham, WA 98225-4217
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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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