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Financial
Distress signals
Property profile

23 Bellwether Way Bellingham, WA 98225

OFF-MARKET
Office buildings
Property ID
US90-2027139
10,882 SF Built 2012
Last sale Sep 2015 · $2,712,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$24k
Tax billed · 2024
Assessed value · 2023$3.10M
Assessed improvement$3.10M
Effective rate0.78%

Value estimate

· Oct 2026
$3.37M
$3.03M – $3.70M
AI approach$3.52M
CAP approach$2.50M
Submarket $/SF estimate$2.97M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$343/SF
ZIP average, outlier-cleaned · 48 recorded sales of this use type
Observed band · Q1–Q3$252 – $479

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?
PCM
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 Supply18.9
Auto Parts Store15.0
HVAC Service14.6

Location

23 Bellwether Way Bellingham, WA 98225-2970
County assessor Recorded deeds · 1 transfer 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
3614 Meridian, Bellingham, WA 98225-1748 $2,400,000 Dec 2024 11,046 SF
110 Unity, Bellingham, WA 98225-4418 $4,100,000 Jun 2024 9,933 SF
19 Bellwether, Bellingham, WA 98225-2965 $4,500,000 Jan 2023 15,283 SF
2011 Young, Bellingham, WA 98225-4052 $3,000,000 Oct 2022 15,227 SF
120 Grand, Bellingham, WA 98225-4415 $902,500 Jul 2022 6,600 SF
2500 Elm, Bellingham, WA 98225-2745 $1,350,000 May 2022 5,950 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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