James & Angie Smith

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Listing provided courtesy of Windermere RE Whatcom, Inc.NWMLSas Distributed by MLSGrid- MLS# NWM2508347MLS Provider

905 Squalicum Parkway #1,2,3Bellingham, WA 98225

Commercial
$3,300,000 Active

905 Squalicum Parkway #1,2,3 Overview

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Three adjacent commercial condo units joined together in the heart of Bellingham. Leased long term by Frontier Dermatology.A very stable single tenant history with a NNN lease at below market rents.The interior of the Premises is improved with elevator to the second story and high end and well maintained finishes.The Base Rent has 2% annual increases for the initial 5 year term.One option to renew at Fair Market rent for comparable medical space. NNN lease including HOA dues.

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905 Squalicum Parkway #1,2,3 Facts & Features

  • Type Commercial

Details

General

Association/HOA

  • Association Fee: $15,000.00
  • Association Fee Frequency: Annually

Income/Expenses

  • Gross Scheduled Income: 188498
  • Net Operating Income: 188498
  • Total Expenses: 15153

Building Information

  • Year Built: 2010

Location/Region

  • Country: US
  • County Or Parish: Whatcom
  • MLS Area Major: 860 - Bellingham
  • Subdivision Name: Bellingham

Tax Information

  • Tax Annual Amount: $15,153.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash
  • Parcel Number: 3802241151960001
  • Possible Use: Commercial
  • Property Condition: Good
  • Property Sub Type: Commercial Industrial
  • Property Type: Commercial Sale
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 0
  • Building Area Units: Square Feet
  • Calculated Square Footage: 0
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric

Unit Information

  • Unit Number: 1,2,3

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 0

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 0
  • Lot Size Square Feet: 0
  • Lot Size Units: Square Feet
  • Topography: Level
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Roof: Metal
  • Structure Type: Unspecified

General Information

  • Carport: No
  • Exterior Features: Cement/Concrete, Metal/Vinyl
  • Number Of Units Total: 1
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Actual Rent: 15700

905 Squalicum Parkway #1,2,3 Neighborhood

Community

98225 (Bellingham) Demographics

29
Median Age
3,455
Population Density (per sq. mile)
56%
College Educated
$53,093
Estimated Median Income
9,008
Estimated Total Home Owners
12,804
Estimated Total Renters
41% / 59%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

905 Squalicum Parkway #1,2,3 Monthly Cost

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$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

905 Squalicum Parkway #1,2,3 Market Data

Based on the last 30 days in this zip code

$796,890
Average List Price
$502
Average Price per Square Foot
26
Properties Sold
90
Average Days on Market
172
Properties for Sale
Calculations provided by Reliance Network

905 Squalicum Parkway #1,2,3 History

Date Event Value Agent
4/17/2026Source: NWMLS Added to Database
April 17, 2026