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    Property profile & analytics

    3115 Mercer Ave Bellingham, WA 98225

    • Industrial properties
    • 16,800 SF
    • 5.79 lot acres
    For Lease
    View listing
    $0.85 SF/Yr
    Value Estimation
    $13,305,000
    Last Sale
    Aug 31, 2020
    $11,250,000
    Location Intelligence
    Property ID
    US90-2692466
    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

    • Wildwoods Strength & Conditioning / Gym
    • Sona Foods Inc. / Food Products Supplier
    • Bravo Electric Vehicles / Bicycle Shop
    • Western Washington Sheet Metal / Sheet Metal Contractor

    Property Details for 3115 Mercer Ave

    Year built
    2015
    Lot size
    5.79 lot acres
    Property size
    16,800 SF
    Zone code
    LII
    Property type
    Industrial properties
    APN
    380223 112435 0000
    APU
    3802231124350000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $14,265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $11,965,000
      6.5%
      $11,235,000
      7%
      $10,750,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $12,510,000
      Geo Method
      $11,320,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $11,505,000
      Retail
      $12,160,000
      Mixed-Use
      $11,170,000
      Hospitality
      $12,150,000
      Educational
      $12,170,000
      Residential Income
      $12,095,000
      Energy
      $9,945,000
      Income-Based Land
      $11,265,000
      Food Service
      $11,785,000

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Whatcom
    State
    Washington
    Longitude
    -122.525
    Latitude
    48.7727
    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
    $78,508
    $2,012,655
    $6,447,708
    $8,460,363
    -
    $2,012,655
    $6,447,708
    $8,460,363

    Comparable in this City

    • Value Estimation by Request
      51,220 SF

      1010 Hilton Ave

      HEAVY INDUSTRIAL • 51,220 SF
      1010 Hilton Ave, Bellingham, WA 98225-2909
      View Details
    • Value Estimation by Request
      43,856 SF

      909 Squalicum Way

      Flex space • 43,856 SF
      909 Squalicum Way, Bellingham, WA 98225
      View Details
    • Value Estimation by Request
      19,265 SF

      3155 Mercer Ave

      INDUSTRIAL (GENERAL) • 19,265 SF
      3155 Mercer Ave, Bellingham, WA 98225-8465
      View Details
    • Value Estimation
      $330,000
      4,608 SF

      1914 Grant St

      CONSTRUCTION/CONTRACTING SERVICES • 4,608 SF
      1914 Grant St, Bellingham, WA 98225
      View Details
    • Value Estimation
      $80,000
      3,864 SF

      2139 Humboldt St

      CONSTRUCTION/CONTRACTING SERVICES • 3,864 SF
      2139 Humboldt St, Bellingham, WA 98225-4118
      View Details
    • Value Estimation
      $565,000
      19,856 SF

      804 Marine Dr

      HEAVY INDUSTRIAL • 19,856 SF
      804 Marine Dr, Bellingham, WA 98225-8420
      View Details

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      or general office is less than a month. Zoning allows adding onto or up. No setbacks
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    Similar Nearby for Lease

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      Industrial building with office space and fenced yard for lease.
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    • $9 SF/Yr
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      42,000 SF warehouse suitable for manufacturing, distribution, and assembly.
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    • $15 SF/Yr
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    • $0.68 SF/Yr
      12,198 SF

      Warehouse Space Available For Lease

      12,198 SF warehouse with redevelopment planned Q2 2026.
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      View Details
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    3115 Mercer Ave
    Bellingham, WA 98225
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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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