2219 Rimland DrBellingham, WA 98226

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

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.

• CAP approach

  CAP return

  Valuation

  6%

  $23,075,300

  6.5%

  $21,300,300

  7%

  $19,778,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,188,900

  Geo Method

  $14,691,200

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $42,023,300

  Mixed-Use / Specialty

  $21,028,100

  Hospitality / Lodging

  $15,172,100

  Office

  $20,698,800

  Institutional / Educational

  $21,790,600

  Residential Income

  $25,495,000

  Multifamily

  $31,665,300

  Automotive / Energy

  $18,677,700

  Parking / Income-Based Land

  $6,639,320

  Restaurant / Food Service

  $10,518,000

  Healthcare / Senior Housing

  $21,765,200

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

FAQs

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