114 Magnolia StBellingham, WA 98225

  • Retail properties
  • 5,500 SF
For Lease
$6,600/SF/YR View listing

Property Details for 114 Magnolia St

Year built
1915
Lot size
0.13 AC
Property size (Sq ft)
5,500 SF
Zone code
CC
Property type
Retail properties
Property subtype
Retail space
APN
380330 220139 0000
APU
3803302201390000

Description

This 6,655 square foot office building, located at 114 W. Magnolia St. in Bellingham, WA 98225, offers executive and traditional office spaces within Whatcom County's central business district. Originally built in 1929 and renovated in 1999, the Crown Plaza Executive Suites provide a blend of historic charm and modern amenities. Currently, 150 square feet of office space is immediately available, with a minimum divisible space of 150 square feet. The building features a welcoming reception area with a receptionist to greet clients, handle calls, and manage mail. Tenants enjoy access to a full kitchen/breakroom, conference rooms, a printer/copier, and guest parking. High-speed fiber internet and Wi-Fi are provided. Offices boast ample natural light with beautiful city, bay, or mountain views through large windows. The building is ADA-accessible and climate-controlled with 24/7 access. The average office size is approximately 10 x 12 feet.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,180,806
    6.5%
    $2,013,052
    7%
    $1,869,262
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,213,070
    Geo Method
    $2,669,159
  • Alternative Use

    Use
    Valuation
    Residential
    $1,698,084
    Hospitality
    $1,555,436
    Educational
    $1,294,105
    Medical
    $1,338,611
    Retail
    $2,013,052
114 Magnolia St, Bellingham, Washington

Location Insight

City
Bellingham
County
Whatcom
State
Washington
Latitude
48.7501
Longitude
-122.477
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
$8,135
$382,800
$576,044
$958,844
-
$382,800
$576,044
$958,844

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