322 Holly St Bellingham, WA 98225
Property profile & analytics
322 Holly St Bellingham, WA 98225
- Office buildings
- 5,337 SF
- 0.16 lot acres
Property ID
US90-1170699
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.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 322 Holly St
- Year built
- 1921
- Lot size
- 0.16 lot acres
- Property size
- 5,337 SF
- Zone code
- CC
- Property type
- Office buildings
- APN
- 380330 236051 0000
- APU
- 3803302360510000
Description
This exceptional 8,455-square-foot office building in downtown Bellingham presents a unique investment opportunity. Situated at the corner of N Forest and E Holly Street, this three-story building enjoys a highly desirable location directly across from the Community Food Co-op, ensuring high visibility and convenient access. The building is currently vacant and ready for immediate occupancy. The first floor offers four spacious open office areas, a smaller private office near the main entrance, two restrooms, and a well-equipped kitchen. The partially finished second floor includes two additional open office areas, another restroom, and a kitchen area, providing flexibility for various layouts. A full basement, previously used for storage and laundry, features multiple washer/dryer hookups, offering ample potential for additional space or employee amenities. Adding to its appeal is a bonus outdoor space: a 1,200-square-foot courtyard with a covered walkway, perfect for employee breaks or client meetings. Recent upgrades include a new roof (2021) and a new heat pump/furnace system (2023), ensuring energy efficiency and low maintenance costs. The building is also equipped with comprehensive fire and security systems for peace of mind. This is a rare opportunity to acquire a well-maintained, centrally located office building in a thriving Bellingham neighborhood. The single-tenant occupancy allows for immediate customization to suit your specific business needs.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,330,000
- 6.5%
- $1,225,000
- 7%
- $1,140,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,438,000
- AI Estimate
- $878,000
Market price range: $1.34M - $2.55MMarket price range: $458k - $1.62M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,830,000 Current use
- MEDICAL BUILDING
- $1,655,000 Change: -10% Conversion: Easy
- RETAIL STORES
- $1,565,000 Change: -15% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $1,485,000 Change: -19% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bellingham
- County
- Whatcom
- State
- Washington
- Longitude
- -122.477
- Latitude
- 48.7477
- 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
2023
$0.00
$449,484
$466,214
$915,698
-
$449,484
$466,214
$915,698
