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

    4506 Meridian St Bellingham, WA 98226

    • Industrial land
    • 8.53 lot acres
    For Sale
    View listing
    $1,395,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1236542
    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

    • Industrial land

    Property Details for 4506 Meridian St

    Lot size
    8.53 lot acres
    Zone code
    PI
    Property type
    Industrial land
    APN
    380306 074016 0000
    APU
    3803060740160000

    Description

    This exceptional 8.42-acre industrial land parcel presents a prime development opportunity in Bellingham, WA. Located on the high-traffic corner of Meridian and Van Wyck Streets, this property boasts over 30,000 vehicles passing daily, ensuring high visibility and accessibility. Zoned for light industrial use, the site is exempt from retail size restrictions, allowing for a wide range of commercial, retail, and light industrial projects. The property's location near Walmart and other established retailers provides an advantageous position within a thriving commercial area. Detailed development plans are simplified by the completed wetland delineation report, eliminating a significant hurdle in the approval process. Public water and sewer services are readily available. Adding to the property's value is an existing billboard generating an annual income of $4,400. The asking price is $1,395,000. This is a rare opportunity to acquire a strategically located, well-positioned industrial site in a rapidly growing area of Bellingham, offering significant potential for substantial returns. The property's zoning, under Bellingham Municipal Code Chapter 20.36, permits a diverse range of uses, making it suitable for a variety of development projects. The high traffic count, existing infrastructure, and completed wetland delineation make this an attractive investment for developers seeking a prime location in Whatcom County. The address is 4506 Meridian St, Bellingham, WA 98226.

    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
    -122.483
    Latitude
    48.8047
    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
    $7,668
    $869,466
    $0.00
    $869,466
    -
    $869,466
    $0.00
    $869,466

    Comparable in this City

    • Value Estimation by Request
      15.03 Acres

      Guide Meridian

      INDUSTRIAL - VACANT LAND • 15.03 Acres
      Guide Meridian, Bellingham, WA 98226
      View Details
    • Value Estimation by Request
      4.93 Acres

      Guide Meridian

      INDUSTRIAL - VACANT LAND • 4.93 Acres
      Guide Meridian, Bellingham, WA 98226
      View Details
    • Value Estimation by Request
      1.09 Acres

      Pacific Hwy

      INDUSTRIAL - VACANT LAND • 1.09 Acres
      Pacific Hwy, Bellingham, WA 98226
      View Details
    • Value Estimation by Request
      1.70 Acres

      2338 Sunset Dr

      INDUSTRIAL - VACANT LAND • 1.70 Acres
      2338 Sunset Dr, Bellingham, WA 98226-5620
      View Details
    • Value Estimation by Request
      0.25 Acres

      Van Wyck Rd

      INDUSTRIAL - VACANT LAND • 0.25 Acres
      Van Wyck Rd, Bellingham, WA 98226
      View Details
    • Value Estimation by Request
      0.07 Acres

      3910 Williamson Way

      INDUSTRIAL - VACANT LAND • 0.07 Acres
      3910 Williamson Way, Bellingham, WA 98226-8402
      View Details

    Similar Nearby for Sale

    • $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
    • $1,149,500

      Planned Industrial Acres in Irongate

      Two-acre planned industrial property suitable for various uses.
      4053 Hammer Dr, Bellingham, WA 98226
      View Details
    • $725,000

      Bellingham Industrial Land for Sale

      One-acre industrial site in Bellingham's new Iron Gate Industrial Park.
      4122 Irongate Rd, Bellingham, WA 98226
      View Details
    • $450,000

      Cordata Development Opportunity Available

      1.8 acre Light Industrial parcel in Cordata neighborhood.
      42 Cordata Pkwy, Bellingham, WA 98226
      View Details
    • Contact for pricing
      482,212 SF

      Bellingham Industrial Land Parcels

      Two industrial land parcels with development potential in Bellingham, WA.
      4648 Pacific Hwy, Bellingham, WA 98226
      View Details
    • $3,200,000

      Cordata Industrial Land For Sale

      3.94 acres of planned industrial property in Cordata Neighborhood.
      465 Sequoia Dr, Bellingham, WA 98226
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo

      Development Land Near Airport

      Land available for development projects near the airport.
      3836 Williamson Way, Bellingham, WA 98226
      View Details
    • $7 SF/Yr
      20,909 SF

      Pad-Ready Site Near Bellis Fair

      Pad-ready development site near Bellis Fair Mall for lease.
      70 Bellis Fair Pkwy, Bellingham, WA 98226
      View Details
    • $14,165 /Mo

      Airport Industrial Park Gravel Lot

      Gravel lot available for short-term use and storage.
      1881 W Bakerview Rd, Bellingham, WA 98226
      View Details
    • $24 SF/Yr
      44,481 SF

      Salish Village Retail Spaces

      Bellingham, WA retail spaces available
      4839 Rural Ave, Bellingham, WA 98226
      View Details
    • $15 SF/Yr

      Mykonos Greek

      Premium Bellingham High Traffic Restaurant
      1650 W Bakerview Rd, Bellingham, WA 98226
      View Details
    • $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
    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.
    4506 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.