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    Property profile & analytics

    2215 Midway Ln Bellingham, WA 98226-1250

    • Manufacturing properties
    • 7,936 SF
    • 1.30 lot acres
    OFF-MARKET
    Value Estimation
    $475,000
    Location Intelligence
    Property ID
    US90-3062326
    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

    • Excellence Northwest / Non-Profit Organization
    • Ethereal Lash & Beauty / Beauty Salon
    • Western Construction Resources / Professional And Hobby Associations / Blueprint Service
    • WCR Publications Inc / Publisher
    • Herboth Remodeling LLC / General Contractor / Bathroom Remodeler

    Property Details for 2215 Midway Ln

    Year built
    1985
    Lot size
    1.30 lot acres
    Property size
    7,936 SF
    Property type
    Manufacturing properties
    APN
    380317 505448 0000
    APU
    3803175054480000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $490,000

    • CAP approach

      CAP return
      Estimation
      6%
      $525,000
      6.5%
      $515,000
      7%
      $480,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $450,000
      Geo Method
      $450,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $555,000
      Retail
      $440,000
      Mixed-Use
      $495,000
      Hospitality
      $545,000
      Educational
      $510,000
      Residential Income
      $560,000
      Energy
      $550,000
      Income-Based Land
      $525,000
      Food Service
      $485,000

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Whatcom
    State
    Washington
    Longitude
    -122.443876
    Latitude
    48.786586
    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
    $10,313
    $572,027
    $754,379
    $1,326,406
    -
    $572,027
    $754,379
    $1,326,406

    Comparable in this City

    • Value Estimation
      $3,700,000
      22,290 SF

      1788 Midway Ln

      LUMBER & WOOD PRODUCT MFG • 22,290 SF
      1788 Midway Ln, Bellingham, WA 98226-7603
      View Details
    • Value Estimation
      $3,150,000
      9,920 SF

      2227 Midway Ln

      CHEMICAL • 9,920 SF
      2227 Midway Ln, Bellingham, WA 98226-1218
      View Details
    • Value Estimation by Request
      32,010 SF

      468 Horton Rd

      FOOD PROCESSING • 32,010 SF
      468 Horton Rd, Bellingham, WA 98226-1205
      View Details
    • Value Estimation by Request
      12,000 SF

      4036 Bakerview Spur

      PROCESSING PLANT (CEMENT, GRAVEL) • 12,000 SF
      4036 Bakerview Spur, Bellingham, WA 98226
      View Details
    • Value Estimation
      $275,000
      11,200 SF

      3970 Hammer Dr

      HEAVY MANUFACTURING • 11,200 SF
      3970 Hammer Dr, Bellingham, WA 98226-7630
      View Details
    • Value Estimation
      $465,000
      15,756 SF

      3999 Hammer Dr

      PAPER PRODUCT MFG • 15,756 SF
      3999 Hammer Dr, Bellingham, WA 98226-7630
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $0.85 SF/Yr
      15,792 SF

      High-Capacity Industrial Space Available

      Industrial space with security, parking, and tenant improvement options.
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    • Contact for pricing
      1,190 SF

      Bellingham Retail Space For Lease

      1,190 SF Retail/Storage Unit - Available Now
      2799 Bakerview Rd, Bellingham, WA 98226
      View Details
    • $14 SF/Yr
      9,150 SF

      Office and Warehouse Space Available

      High-quality office and warehouse space with flexible zoning.
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      View Details
    • $0.85 SF/Yr
      14,000 SF

      Warehouse with Office Buildout

      14,000 SF warehouse with office space and ample parking.
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    • $25 SF/Yr
      7,853 SF

      North Bellingham Commercial Building For Rent

      Commercial building in North Bellingham with showroom and warehouse space.
      145 E Stuart Rd, Bellingham, WA 98226
      View Details
    • $1.35 SF/Yr
      40,000 SF

      New Industrial Development Near Airport

      New industrial park with customizable units, available Spring 2027.
      3901 Sound Way, Bellingham, WA 98226
      View Details
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    2215 Midway Ln
    Bellingham, WA 98226-1250
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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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