Entity Owned Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1908
Total area
12,100 SF
Lot
0.16 ac (6,874 SF)
Zoning code
CC
APN
380330 137005 0000
UPID
US90-0660846
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Theater & Performing Art Venue
-
Theater & Performing Art Venue
-
Vocational School Training Center
-
Tutoring Service Training Center
-
High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.05M
CAP Approach
CAP
$2.36M
Comparable Approach
Comparable
$2.29M
Blend (final)
Blend
$2.02M
Owner & transaction history
since 2023
Last sale
$1.8M
1 recorded transaction
Zoning & alternative use
CC · Bellingham, WA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.02M
Value range
$1.82M – $2.22M
±10% around blend
Estimated value / SF
$167 / SF
Confidence
Low
4 county-verified comps
Property data
75
Market benchmarks
100
Comparable evidence
40
$1.82M
blend $2.02M
$2.22M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,100 SF
Lot area
0.16 ac
Year built
1908
APN
380330 137005 0000
Assessed value
$1,501,547
Annual tax
$12,740
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.36M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.56M
@ 6.5% CAP return
$2.36M
@ 7% CAP return
$2.20M
4
Sales comparison
Partial preview
Sales approach indication
$1.10M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
21.3 mi away · 14,868 SF
21.4 mi away · 11,222 SF
24.5 mi away · 13,247 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.02M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 67 sales
$278
-40%
Submarket 193 sales
$298
-44%
County 353 sales
$279
-40%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $167/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
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Overview
Implied cap rate
7.60%
Implied, in-place cap rate for this investment 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 · 7.60%
9.0%
NOI (est.)
$126k *
Last sale · Sep 2023
$1.80M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.66M
Move the market yield to see immediate price impact.
Value / SF
$137
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.10%7.60%8.10%
$113k
$1.60M
$1.49M
$1.40M
$126k
$1.77M
$1.66M
$1.55M
$138k
$1.95M
$1.82M
$1.71M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$900k
0.3 mi · Jan 2026 · $82/SF
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$12,740
Tax year 2021
Assessed value
$1,501,547
Assessed 2022
Previous assessed
$1,501,547
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$478,500
Assessed improvement
$1,023,047
Land market value
$478,500
Improvement market value
$1,023,047
Total market value
$1,501,547
Applied tax rate
100.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1908
Heating
SPACE
Cooling
YES
Total area
12,100 SF
Lot
0.16 ac (6,874 SF)
Zoning code
CC
APN
380330 137005 0000
UPID
US90-0660846
Jurisdiction
WHATCOM
Zoning & alternative use
CC · Bellingham, WAZoning CC · permitted uses
CC · Bellingham, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1908
Heating
SPACE
Cooling
Yes
Lot
0.16 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CC
Jurisdiction
Bellingham, WA
Recorded code
CC
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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