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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Banks
1111 Cornwall Ave Bellingham, WA 98225-5039
Individually Owned
24-yr Hold
~
Est. High Equity
Property ID
US90-3205496
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1980
Total area
20,820 SF
Lot
1.03 ac (44,693 SF)
Zoning code
CC
APN
380330 106073 0000
UPID
US90-3205496
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
-
Energy Assistance Scheduling Government
-
Whatcom Homeless Service Center Social Service Agency Charitable Organization
-
The Opportunity Council Charitable Organization Social Service Agency
-
Early Learning and Family Services High School Daycare Center
-
Jennifer Kurtz Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$835k
Owner & transaction history
Opportunity Council · 24 yrs held
Opportunity Council
since 2002
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$40 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$4,180,605
Assessed 2022
Previous assessed
$3,667,198
+14.0% YoY
Assessed land
$2,160,109
Assessed improvement
$2,020,496
Land market value
$2,160,109
Improvement market value
$2,020,496
Total market value
$4,180,605
Applied tax rate
109.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1980
Heating
NONE
Cooling
YES
Total area
20,820 SF
Lot
1.03 ac (44,693 SF)
Zoning code
CC
APN
380330 106073 0000
UPID
US90-3205496
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
1980
Heating
NONE
Cooling
Yes
Lot
1.03 ac
Current owner
From public records · entity-resolved
Opportunity Council
Individual
Mailing address
1111 CORNWALL AVE STE C, BELLINGHAM, WA 98225-5039
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2018
—
Opportunity Council
—
Deed
related
$2,700,000 · Whatcom Educational Cu
Apr 1, 2002
$2,181,373
Opportunity Council
Grimshaw Trust
Grant Deed
$783,809 · Kenneth P & Denise Schims
Feb 5, 1999
$832,500
Charles D Grimshaw
Schims,kenneth P & Denise
Grant Deed
$1,184,959 · Bank Of The Northwest
—
—
Kenneth P Schims
—
Deed Of Trust
related
$1,200,000 · Bank Of The Northwest
—
—
Opportunity Council
—
Deed Of Trust
related
$200,000 · Wells Fargo Bank
—
—
Opportunity Council
—
Deed Of Trust
related
$224,868 · Miscellaneous Govt Agcy
—
—
Opportunity Council
—
Deed Of Trust
related
$2,700,000 · Whatcom Educational Cu
—
—
Opportunity Council
—
Deed Of Trust
related
$1,350,000 · Pacific Northwest 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.
Try Rey
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