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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Medical Office Space
1100 Ellis St Bellingham, WA 98225-5238
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-1290623
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1965
Total area
4,288 SF
Lot
0.21 ac (8,960 SF)
Zoning code
RM1.0
APN
380331 396379 0000
UPID
US90-1290623
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
-
Bellingham Dental Group Dental Office
-
Yes Appliance Repair Bellingham Home Appliance Store
-
Parker John Haley Dental Office
-
Xing Fu Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$472k
Blend (final)
Blend
$580k
Owner & transaction history
1100 Ellis Street LLC · 10 yrs held
1100 Ellis Street LLC
since 2016
2 recorded transactions
Zoning & alternative use
RM1.0 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$700,000
6.5%
$650,000
7%
$600,000
Blend value · Realmo final
$580k
Range $522k – $638k · ±10%
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
$135 / 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
$6,893
Tax year 2021
Assessed value
$798,428
Assessed 2022
Previous assessed
$798,428
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$306,432
Assessed improvement
$491,996
Land market value
$306,432
Improvement market value
$491,996
Total market value
$798,428
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1965
Heating
HEAT PUMP
Cooling
YES
Total area
4,288 SF
Lot
0.21 ac (8,960 SF)
Zoning code
RM1.0
APN
380331 396379 0000
UPID
US90-1290623
Jurisdiction
WHATCOM
Zoning & alternative use
RM1.0 · Bellingham, WA
Zoning RM1.0 · permitted uses
RM1.0 · 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
1965
Heating
HEAT PUMP
Cooling
Yes
Lot
0.21 ac
Current owner
From public records · entity-resolved
1100 Ellis Street LLC
Entity
Mailing address
1100 ELLIS ST STE #1, BELLINGHAM, WA 98225-5244
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2016
$522,500
1100 Ellis Street LLC
Ellis Street Building LLC
Warranty Deed
related
$391,875 · Columbia St Bk
Oct 10, 2005
—
Ellis Street Building LLC
Marston,marvin F & Dorothy J
Quit Claim Deed
related
—
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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