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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Office buildings
105 Grand Ave, Bellingham, WA 98225-4414
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0976648
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1904
Total area
6,509 SF
Lot
0.15 ac (6,625 SF)
Zoning code
CC
APN
380330 152216 0000
UPID
US90-0976648
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$606k
Blend (final)
Blend
$985k
Owner & transaction history
Pickford Film Center · 4 yrs held
Pickford Film Center
since 2021
Last sale
$900,000
5 recorded transactions
Zoning & alternative use
CC · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bellingham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellingham submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,020,000
ML approach
$1,115,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10% · vs last sale $900k (Aug 16 2021)
Last sale anchor
$900k
Aug 16 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$151 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$5,358
Tax year 2021
Assessed value
$631,518
Assessed 2022
Previous assessed
$631,518
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$384,250
Assessed improvement
$247,268
Land market value
$384,250
Improvement market value
$247,268
Total market value
$631,518
Applied tax rate
100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1904
Heating
SPACE
Cooling
YES
Total area
6,509 SF
Lot
0.15 ac (6,625 SF)
Zoning code
CC
APN
380330 152216 0000
UPID
US90-0976648
Jurisdiction
WHATCOM
Zoning & alternative use
CC · Bellingham, WA
Zoning CC · permitted uses
CC · Bellingham, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bellingham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1904
Heating
SPACE
Cooling
Yes
Lot
0.15 ac
Current owner
From public records · entity-resolved
Pickford Film Center
Individual
Mailing address
1318 BAY ST, BELLINGHAM, WA 98225-4322
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2023
—
Pickford Film Center
—
Deed
related
$533,500 · Washington State Department Of Commerce
Aug 16, 2021
$900,000
Pickford Film Center
105 Grand Avenue LLC
Warranty Deed
$630,000 · Bank Of The Pacific
Feb 1, 2019
—
105 Grand Avenue LLC
Senuty,paul A
Quit Claim Deed
related
—
Jun 4, 1998
$167,209
Paul A Senuty
Creed,john N & Faye H
Grant Deed
$200,000 · Seller
—
—
Paul A Senuty
—
Deed Of Trust
related
$150,000 · Whatcom Educational Cu
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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