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    Property profile & analytics

    3121 Squalicum Pkwy Bellingham, WA 98225-1937

    • Assisted living facilities
    • 41,957 SF
    OFF-MARKET
    Value Estimation
    $4,505,000
    Last Sale
    Aug 02, 2024
    $4,500,000
    Location Intelligence
    Property ID
    US90-0477618
    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

    • Perera Asanka / Occupational Therapist
    • Avalon Healthcare - Bellingham / Occupational Therapist / Speech Pathologist
    • Levin Kim D / Occupational Therapist
    • Infinity Rehab / Physical Therapy Clinic
    • Karen Nellessen / Physical Therapist

    Property Details for 3121 Squalicum Pkwy

    Year built
    1985
    Property size
    41,957 SF
    Zone code
    IN
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    380319 420481 0001
    APU
    3803194204810001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,500,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,310,000
      6.5%
      $4,260,000
      7%
      $4,385,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,265,000
      Geo Method
      $4,140,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,060,000
      Retail
      $4,725,000
      Mixed-Use
      $4,650,000
      Hospitality
      $5,215,000
      Educational
      $4,985,000
      Residential Income
      $4,895,000
      Energy
      $4,645,000
      Income-Based Land
      $5,245,000
      Food Service
      $5,355,000

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Whatcom
    State
    Washington
    Longitude
    -122.47
    Latitude
    48.7726
    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
    $53,996
    $0.00
    $6,944,799
    $6,944,799
    -
    $0.00
    $6,944,799
    $6,944,799

    Comparable in this City

    • Value Estimation by Request
      26,708 SF

      2600 Old Fairhaven Pkwy

      HOMES (RETIRED, NURSING) • 26,708 SF
      2600 Old Fairhaven Pkwy, Bellingham, WA 98225-8252
      View Details
    • Value Estimation
      $5,805,000
      0.55 Acres

      Alderwood Ave

      HOMES (RETIRED, NURSING) • 0.55 Acres
      Alderwood Ave, Bellingham, WA 98225
      View Details
    • Value Estimation by Request
      4,100 SF

      2732 Alderwood Ave

      HOMES (RETIRED, NURSING) • 4,100 SF
      2732 Alderwood Ave, Bellingham, WA 98225
      View Details
    • Value Estimation
      $6,155,000
      30,125 SF

      1200 Birchwood Ave

      HOMES (RETIRED, NURSING) • 30,125 SF
      1200 Birchwood Ave, Bellingham, WA 98225-1302
      View Details
    • Value Estimation by Request
      1,276 SF

      1211 Girard St

      HOMES (RETIRED, NURSING) • 1,276 SF
      1211 Girard St, Bellingham, WA 98225-3219
      View Details
    • Value Estimation
      $4,590,000
      31,238 SF

      2726 Alderwood Ave

      HOMES (RETIRED, NURSING) • 31,238 SF
      2726 Alderwood Ave, Bellingham, WA 98225-1223
      View Details

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      Retail Space in Bellingham, WA

      Retail space available for lease in Bellingham, Washington.
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      View Details
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    Bellingham, WA 98225-1937
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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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