114 Magnolia StBellingham, WA 98225

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 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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,730,210

  6.5%

  $1,597,110

  7%

  $1,483,040

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,738,730

  Geo Method

  $1,101,560

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,150,940

  Mixed-Use / Specialty

  $1,576,710

  Hospitality / Lodging

  $1,137,620

  Office

  $1,552,010

  Institutional / Educational

  $1,633,880

  Residential Income

  $1,911,640

  Multifamily

  $2,374,290

  Automotive / Energy

  $1,400,470

  Parking / Income-Based Land

  $497,823

  Restaurant / Food Service

  $788,653

  Healthcare / Senior Housing

  $1,631,970

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

FAQs

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