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Property profile & analytics
FOR LEASE
Strip malls

4151 Meridian St Bellingham, WA 98226

31,440 SF 4.02 ac lot Built 1987
Entity Owned 22-yr Hold ~ Est. High Equity
Property ID
US90-3277485
Property summary
AI-generated overview

Cordata Place offers exceptional office and retail spaces in Whatcom County, Washington. This single-story, 31,638 square foot Class B building, constructed in 1987 and renovated in 2005, sits on a 4.02-acre lot and boasts 200 parking spaces. Currently, three suites are available, ranging from 1,220 to 4,880 square feet. These spaces can be leased individually or combined to accommodate various business needs. The property features a modern design, including new roofs, and benefits from high visibility with opportunities for prominent signage, including front and back building signage, a monument sign, and an electronic reader sign. A rear delivery door provides convenient access for tenants. Cordata Place enjoys a strategic location within a thriving commercial area, surrounded by 3,000,000 square feet of retail development and minutes from Bellis Fair Mall and numerous dining and shopping options. The property is anchored by Burlington Coat Factory, ensuring high foot traffic and visibility. Ample parking is readily available for tenants and their clients. This is an excellent opportunity for businesses seeking a well-maintained, conveniently located space in a bustling commercial center.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Total area 31,440 SF
Lot 4.02 ac (175,155 SF)
Zoning code PC
APN 380212 426051 0000
UPID US90-3277485
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Neil Fred DC Alternative Medicine Practice
  • Nails Care salon Nail Salon
  • Cordata Hair Hair Salon Nail Salon
  • Health Massage Spa (Cordata) Alternative Medicine Practice
  • compass Health Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$970k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.10M
Blend (final) Blend
$1.04M
Owner & transaction history
Cordata Place LLC · 22 yrs held
Cordata Place LLC
since 2004
4 recorded transactions
2017
Price N/A
2004
$3.4M
2001
Price N/A
1969
Price N/A
Zoning & alternative use
PC · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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