2219 Rimland DrBellingham, WA 98226

  • Retail properties
  • 73,352 SF
For Lease
$71/SF/YR View listing

Property Details for 2219 Rimland Dr

Year built
2000
Lot size
3.84 AC
Property size (Sq ft)
73,352 SF
Zone code
PI
Property type
Retail properties
Property subtype
Banks
APN
380321 010530 0000
APU
3803210105300000

Description

This Class A Bellingham, WA office space, located at 2219 Rimland Drive, Suite 301, offers 12,469 square feet of flexible workspace within Barkley Village's thriving business hub. The building, renovated in 2019, features 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet are available for lease. The property boasts a modern, sunlit interior designed for optimal productivity, and caters to various business needs, including executive office, coworking, and creative office spaces. Its convenient location just off Interstate 5 provides easy access to downtown Bellingham, Bellingham International Airport, and the Fairhaven train station. The building includes elevators for convenient access to all floors. Enjoy the benefits of on-site shops and restaurants, as well as the nearby green space of Highland Heights. This Whatcom County property presents a unique opportunity for businesses seeking a highly accessible and amenity-rich location in a vibrant commercial environment. The property is situated in a prime location, offering both convenience and a pleasant work environment. Multiple tenancy options are available to suit diverse business requirements.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $29,084,812
    6.5%
    $26,847,520
    7%
    $24,929,840
  • Comparable approach

    Method
    Valuation
    Relative Method
    $56,188,560
    Geo Method
    $35,597,844
  • Alternative Use

    Use
    Valuation
    Residential
    $22,646,888
    Hospitality
    $20,744,428
    Educational
    $17,259,120
    Medical
    $17,852,688
    Retail
    $26,847,520
2219 Rimland Dr, Bellingham, Washington

Location Insight

City
Bellingham
County
Whatcom
State
Washington
Latitude
48.7741
Longitude
-122.442
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
$139,021
$3,238,979
$12,864,088
$16,103,067
-
$3,238,979
$12,864,088
$16,103,067

FAQs

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