OFF-MARKET
Industrial properties
Property ID
US90-2012122
Entity Owned Owner of record is a legal entity (LLC / corporation).
4-yr Hold Held for 4 years.
~
Est. High Equity Modeled equity is high. Estimate, not a fact.
Entity Owned Ownership intelligence
Who controls the opportunity?
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Can we reach the decision maker?
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
What is owed, to whom, and when it comes due
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax · 2021
What does the county charge?
$170k
Tax billed · 2021
Assessed value · 2022$20.23M
Assessed land$6.51M
Assessed improvement$13.71M
Effective rate0.84%
Value estimate
· Nov 2026$26.75M
$24.07M – $29.42M
CAP approach$19.04M
Submarket $/SF estimate$34.70M
Realmo valuation models over county records.
Recently sold
What actually traded nearby?
$210/SF
ZIP average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$113 – $294
Cap rate analysis
How does the asset earn?
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
What can be built here?
PI
JurisdictionWHATCOM
Location intelligence
Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm18.7
Auto Parts Store17.8
Hair Salon16.8
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
✓ County assessor
✓ Recorded deeds · 5 transfers
– Qualifying comp sales · not on file
✓ Zoning catalog
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyRecent sales nearby
6 recorded sales in this ZIP, last 8 years
Address
Sale price
Sold
Size
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Comparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional plan · 30 reports
from $199/month
from $199/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$26.75M
Value range
$24.07M – $29.42M
±10% around blend
Estimated value / SF
$133 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable sales
60
$24.07M
blend $26.75M
$29.42M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
- GBA
- 200,359 SF
- Lot area
- 15.29 ac
- Year built
- 1990
- APN
- 380320 459515 0000
- Zoning
- PI
- Assessed value · 2022
- $20,227,035
- Annual tax · 2021
- $170,184
3
Income approach: direct capitalization
Partial preview
Income approach indication
$19.04M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$20.63M
@ 6.5% CAP return
$19.04M
@ 7% CAP return
$17.68M
4
Comparable sales
Partial preview
Comparables picked and weighted for this valuation. The Overview tab lists recorded sales nearby as our records hold them, unweighted and unselected, so the two do not have to agree.
Sales approach indication
$34.70M
Range $22.59M – $58.99M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$26.75M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)
Average
Subject delta
ZIP 20 sales
$210
-36%
Submarket 30 sales
$182
-27%
County 46 sales
$171
-22%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $133/SF.
Delta below average reads as headroom.
Source: Realmo CRE sales derivatives (county records).
7
Methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
How Realmo checks its estimates
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable sales, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional plan · 30 reports
from $199/month
from $199/month
Overview
Implied cap rate
4.10%
Implied, in-place cap rate for this industrial properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.10%
9.0%
NOI (est.)
$1.24M
Last sale · Dec 2021
$25.00M
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$30.18M
Move the market yield to see immediate price impact.
Value / SF
$151
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the modeled NOI — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.60%4.10%4.60%
$1.11M
$30.94M
$27.17M
$24.21M
$1.24M
$34.38M
$30.18M
$26.90M
$1.36M
$37.81M
$33.20M
$29.59M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Building & lot
Public records
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
Off-Market
Year built
1990
Heating
YES
Cooling
YES
Total area
200,359 SF
Lot
15.29 ac (666,032 SF)
Zoning code
PI
APN
380320 459515 0000
UPID
US90-2012122
Jurisdiction
WHATCOM
Property tax & assessments
Tax year 2021
Tax billed
$170,184
Assessed value
$20,227,035
Assessed 2022
Previous assessed
$20,227,035
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$6,514,597
Assessed improvement
$13,712,438
Land market value
$6,514,597
Improvement market value
$13,712,438
Total market value
$20,227,035
Applied tax rate
100.0000
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
Jurisdiction
Bellingham, WA
Zoning code
PI
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
What opens after registration
Ownership intelligence
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties we can resolve, with estimated value
Deal signalsSell-side activity where we detect it
Debt & historyRecorded loans and transaction history
Included with every plan
See the ownership record for this address.
Registration is required before any owner information is shown.
Every paid plan opens ownership intelligence on every property.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Owner Contacts
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Debts · part of Ownership Intelligence
See what the owner owes, and when it comes due.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
What opens after registration
Ownership intelligence
Recorded loansLender, amount and origination for every instrument
Estimated maturityWhen the debt comes due and the refi window opens
Rates & liensRecorded or estimated rate, junior liens flagged
CollateralWhich holding secures each loan - this property marked
Included with every plan
See the ownership record for this address.
Registration is required before any owner information is shown.
Every paid plan opens ownership intelligence on every property.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Research This Page with AI
Rey answers here. ChatGPT, Grok and Claude get the same data packet.
Includes: Price & PSF · Cap rate · Location · Zoning
Ask Rey →
ChatGPT
Grok
Claude
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Property reports include
if available
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- Building Details
- Value Estimation
- Cap Rate Evaluation
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- Ownership & Contacts
- Local Market trends
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Zoning Insight— not in this plan -
Location Analytics— not in this plan
Professional plan
$199
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Membership includes
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Property reports include
if available
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- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
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Location Analytics— not in this plan
Enterprise plan
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Membership includes
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Property reports include
if available
- Lead Lists by Intent
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- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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Leads for service soon
Still being built. It lands here next, beside the two above.
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