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Property profile & analytics
OFF-MARKET
Estimated value
$2,230,000
Investment properties
112 Maple St B Bellingham, WA 98225-4399
Individually Owned
9-yr Hold
Property ID
US90-1697916
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2007
Total area
9,854 SF
Zoning code
CCM
APN
380330 110027 0002
UPID
US90-1697916
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
-
Morse Landing Apartment Building
-
Westview Real Estate Real Estate Agency
-
West-Lind Construction Management Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.93M
Comparable Approach
Comparable
$2.10M
Blend (final)
Blend
$2.23M
Owner & transaction history
Upper Skagit Indian Tribe · 9 yrs held
Upper Skagit Indian Tribe
since 2017
4 recorded transactions
Zoning & alternative use
CCM · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.4M
+23.5%
Medical building
$3.1M
+11.6%
Retail stores
$2.9M
+5.5%
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%
$2,085,000
6.5%
$1,925,000
7%
$1,785,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,740,000
Current use
OFFICE BUILDING
$3,385,000
Change: +24% · Conversion: Easy
MEDICAL BUILDING
$3,055,000
Change: +12% · Conversion: Easy
RETAIL STORES
$2,890,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$2.23M
Range $2.01M – $2.45M · ±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
$226 / 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
$50,642
Tax year 2021
Assessed value
$6,226,192
Assessed 2022
Previous assessed
$6,226,192
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$1,058,750
Assessed improvement
$5,167,442
Land market value
$1,058,750
Improvement market value
$5,167,442
Total market value
$6,226,192
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2007
Heating
NONE
Cooling
AC.FAN COOLING
Total area
9,854 SF
Zoning code
CCM
APN
380330 110027 0002
UPID
US90-1697916
Jurisdiction
WHATCOM
Zoning & alternative use
CCM · Bellingham, WA
Zoning CCM · permitted uses
CCM · 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) Current
Est. value
$2.7M
OFFICE BUILDING
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.1M
RETAIL STORES
Est. value
$2.9M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
2007
Heating
NONE
Cooling
Yes
Current owner
From public records · entity-resolved
Upper Skagit Indian Tribe
Individual
Mailing address
25944 COMMUNITY PLZ WAY, SEDRO WOOLLEY, WA 98284-9721
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2017
$5,075,000
Upper Skagit Indian Tribe
Bradley Christopher LLC
Warranty Deed
—
—
—
Morse Landing LLC
—
Deed Of Trust
related
$7,232,000 · Seattle Savings Bank
—
—
Morse Landing LLC
—
Deed Of Trust
related
$2,175,000 · Bank Of The Pacific
—
—
Morse Landing LLC
—
Deed Of Trust
related
$1,750,000 · Frontier 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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