Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4459 Meridian St Bellingham, WA 98226

    • Retail space
    • 1,280 SF
    • 1.75 lot acres
    For Sale
    View listing
    $699,888
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1138999
    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

    • Thailand Massage / Alternative Medicine Practice / Spa & Massage Center
    • Psychic Aria Clairvoyant & Empath / Spiritual Center

    Property Details for 4459 Meridian St

    Year built
    1957
    Lot size
    1.75 lot acres
    Property size
    1,280 SF
    Zone code
    PI
    Property type
    Retail space
    APN
    380212 495475 0000
    APU
    3802124954750000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Whatcom
    State
    Washington
    Longitude
    -122.488
    Latitude
    48.8027
    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
    $4,176
    $429,891
    $107,220
    $537,111
    -
    $429,891
    $107,220
    $537,111

    Comparable in this City

    • Value Estimation by Request
      1.58 Acres

      6216 Guide Meridian Rd

      RETAIL STORES (PERSONAL SERVICES) • 1.58 Acres
      6216 Guide Meridian Rd, Bellingham, WA 98226
      View Details
    • Value Estimation
      $545,000
      11,684 SF

      5602 Guide Meridian

      RETAIL STORES (PERSONAL SERVICES) • 11,684 SF
      5602 Guide Meridian, Bellingham, WA 98226-9722
      View Details
    • Value Estimation
      $870,000
      6,552 SF

      4905 Guide Meridian

      RETAIL STORES (PERSONAL SERVICES) • 6,552 SF
      4905 Guide Meridian, Bellingham, WA 98226-9109
      View Details
    • Value Estimation
      $4,530,000
      45,296 SF

      150 Bellis Fair Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 45,296 SF
      150 Bellis Fair Pkwy, Bellingham, WA 98226-5541
      View Details
    • Value Estimation by Request
      3,113 SF

      4213 Rural Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,113 SF
      4213 Rural Ave, Bellingham, WA 98226-9231
      View Details
    • Value Estimation
      $2,640,000
      5,329 SF

      4179 Meridian St

      RETAIL STORES (PERSONAL SERVICES) • 5,329 SF
      4179 Meridian St, Bellingham, WA 98226-5514
      View Details

    Similar Nearby for Sale

    • $11,500,000
      12,388 SF

      Retail Strip Center For Sale

      Multi-tenant retail center with drive-thru in a major retail hub.
      102 West Stuart Rd, Bellingham, WA 98226
      View Details
    • Contact for pricing
      4,960 SF

      Prime Restaurant/Retail Property For Sale

      Standalone property with high visibility and accessibility near airport.
      1650 W Bakerview Rd, Bellingham, WA 98226
      View Details
    • $520,000

      Bellingham Light Industrial Land

      1.8-Acre Development Opportunity in Cordata
      0 Cordata Pkwy, Bellingham, WA 98226
      View Details
    • $740,000

      Prime Bellingham Doggy Daycare

      Turnkey Business, High Demand Location
      3710 Williamson Way, Bellingham, WA 98226
      View Details
    • $1,950,000
      35.00 Acres

      Bellingham Industrial Land - 35 Acres

      Prime Bellingham land, Light Industrial zoning, development potential.
      44XX Pacific Hwy, Bellingham, WA 98226
      View Details
    • $1,100,000

      2.49-Acre Light Industrial Site

      Light industrial land with I-5 visibility in growing commercial area.
      4154 Pacific Hwy, Bellingham, WA 98226
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      7,853 SF

      North Bellingham Commercial Building For Rent

      Commercial building in North Bellingham with showroom and warehouse space.
      145 E Stuart Rd, Bellingham, WA 98226
      View Details
    • $19 SF/Yr
      2,119 SF

      Retail Center Near Bellis Fair

      High-visibility retail spaces available near Bellis Fair Mall.
      117-201 Telegraph Rd, Bellingham, WA 98226
      View Details
    • $26 SF/Yr
      1,650 SF

      Retail Space with Ample Parking

      Retail space with high ceilings and ample parking available for rent.
      4180 Cordata Pkwy, Bellingham, WA 98226
      View Details
    • $22 SF/Yr
      1,550 SF

      Retail Space Available For Rent

      Retail space available for lease, 1550 square feet.
      1255-1263 Barkley Blvd, Bellingham, WA 98226
      View Details
    • $32 SF/Yr
      5,019 SF

      Retail Medical Office Hub

      Retail and medical office spaces available in Bellingham, WA.
      4280 Meridian St, Bellingham, WA 98226
      View Details
    • $19 SF/Yr
      2,000 SF

      Retail Space in Blossom Commons

      Retail space available in a busy shopping center.
      115-159 W Kellogg Rd, Bellingham, WA 98226
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4459 Meridian St
    Bellingham, WA 98226
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.