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Financial
Distress signals
Property profile

2201 Cornwall Ave Bellingham, WA 98225

OFF-MARKET
Grocery and convenience stores
Property ID
US90-2998670
440 SF 0.17 ac lot Built 1977
Last sale Aug 2019 · $449,500
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

The property is a restaurant space located at a high-traffic, three-street intersection in Bellingham. It includes on-site parking for 17 vehicles and a spacious outdoor area. The interior is configured for quick-service and takeout-oriented food service, including potential commissary use. Restaurant equipment features an 8-foot Class I hood and a walk-in cooler. Documented improvements include upgraded flooring, air conditioning, and kitchen equipment, with a walk-in cooler that has been…

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?
$4k
Tax billed · 2021
Assessed value · 2022$425k
Assessed land$353k
Assessed improvement$71k
Effective rate0.85%

Value estimate

· Oct 2026
$300k
$270k – $330k

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?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
RM15OF
JurisdictionWHATCOM

Location intelligence

Which uses thrive at this corner?
Best fit: Watch Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Watch Repair Shop8.8
Laundromat8.4
Butcher8.3

Location

2201 Cornwall Ave Bellingham, WA 98225-3718
County assessor Recorded deeds · 3 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1201 Railroad, Bellingham, WA 98225 $2,175,000 Feb 2026 2,800 SF
109 Prospect, Bellingham, WA 98225-4401 $1,358,017 May 2025 2,750 SF
411 Magnolia, Bellingham, WA 98225-4510 $1,110,000 May 2024 3,088 SF
3323 Nwnw, Bellingham, WA 98225-1208 $910,000 Apr 2024 2,349 SF
725 State, Bellingham, WA 98225-5333 $700,000 Feb 2023 2,312 SF
711 Holly, Bellingham, WA 98225-4712 $510,000 Sep 2022 1,744 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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