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Property profile & analytics
OFF-MARKET
Estimated value
$10,825,000
Hotels
1063 Bakerview Rd Bellingham, WA 98226-9123
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-3271765
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2014
Total area
50,343 SF
Lot
1.16 ac (50,399 SF)
Zoning code
PIC
APN
380214 488506 0000
UPID
US90-3271765
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
Current use
Occupant on record · Public records
-
La Quinta Inn & Suites by Wyndham Bellingham Hotel & Motel
-
North Bellingham church Of Christ Church Mosque
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.83M
Owner & transaction history
Pacific Nw Hospitality LLC · 3 yrs held
Pacific Nw Hospitality LLC
since 2023
Last sale
$10.5M
7 recorded transactions
Zoning & alternative use
PIC · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.8M
+583.9%
Office building
$9.5M
+501.7%
Apartment house (5+ units)
$7.5M
+374.2%
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
$11,375,000
ML approach
$10,920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,775,000
Change: +584% · Conversion: Difficult
OFFICE BUILDING
$9,480,000
Change: +502% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,470,000
Change: +374% · Conversion: Difficult
Blend value · Realmo final
$10.83M
Range $9.74M – $11.91M · ±10% · vs last sale $10.50M (Jan 3 2023)
Last sale anchor
$10.50M
Jan 3 2023
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
$215 / 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
$67,552
Tax year 2021
Assessed value
$6,482,148
Assessed 2022
Previous assessed
$6,482,148
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$1,159,085
Assessed improvement
$5,323,063
Land market value
$1,159,085
Improvement market value
$5,323,063
Total market value
$6,482,148
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2014
Heating
HEAT PUMP
Cooling
YES
Bathrooms
1
Total area
50,343 SF
Lot
1.16 ac (50,399 SF)
Zoning code
PIC
APN
380214 488506 0000
UPID
US90-3271765
Jurisdiction
WHATCOM
Zoning & alternative use
PIC · Bellingham, WA
Zoning PIC · permitted uses
PIC · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$10.8M
OFFICE BUILDING
Est. value
$9.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.5M
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2014
Heating
HEAT PUMP
Cooling
Yes
Bathrooms
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
Pacific Nw Hospitality LLC
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2026
—
Pacific Nw Hospitality LLC
—
Deed
related
$5,000,000 · Open Bank
Jan 3, 2023
$10,500,000
Pacific Nw Hospitality LLC
Parador INC
Warranty Deed
$3,000,000 · Parador INC
Aug 12, 2010
—
Parador INC
Citadel INC
Warranty Deed
—
Dec 28, 2009
$625,000
Citadel INC
Colman Management Co LLC
Warranty Deed
—
Feb 7, 2006
—
Colman Management Co LLC
—
Trustees Deed
related
$125,000 · Bank Of Pacific
Nov 30, 2005
$750,000
Colman Management Co LLC
Jones,jeremy & Amanda M
Warranty Deed
$500,000 · Bank Of Pacific
Apr 7, 2000
$321,046
Jeremy Jones
Elsner,mike & Kristi
Grant Deed
—
—
—
Colman Management Co LLC
—
Deed Of Trust
related
$50,000 · Bank Of Pacific
—
—
Colman Management Co LLC
—
Deed Of Trust
related
$15,000 · Bank Of Pacific
—
—
Parador INC
—
Deed Of Trust
related
—
—
—
Colman Management Co LLC
—
Deed Of Trust
related
$785,000 · Seattle Savings Bank
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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