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Property profile & analytics
OFF-MARKET
Estimated value
$9,205,000
Investment properties
114 Magnolia St, Bellingham, WA 98225-4368
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-3364656
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1927
Total area
63,150 SF
Lot
0.39 ac (16,875 SF)
Zoning code
CC
APN
380330 198190 0000
UPID
US90-3364656
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
-
Peek-A-Bump Ultrasound Medical Clinic
-
Finestrino Film Co. Film Production Television Studio
-
Beach Fort Media Film Production Television Studio
-
Barker Martin, P.S. Law Firm
-
Buron Inc Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.33M
Comparable Approach
Comparable
$6.67M
Blend (final)
Blend
$9.21M
Owner & transaction history
Crown Plaza Corp · 6 yrs held
Crown Plaza Corp
since 2019
6 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,355,000
6.5%
$12,330,000
7%
$11,450,000
Blend value · Realmo final
$9.21M
Range $8.28M – $10.13M · ±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
$146 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$84,303
Tax year 2024
Assessed value
$10,842,776
Assessed 2023
Previous assessed
$10,657,971
+1.7% YoY
Effective rate
0.78%
On assessed value
Assessed land
$1,174,449
Assessed improvement
$9,668,327
Land market value
$1,174,449
Improvement market value
$9,668,327
Total market value
$10,842,776
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1927
Heating
NONE
Cooling
YES
Buildings
2
Total area
63,150 SF
Lot
0.39 ac (16,875 SF)
Zoning code
CC
APN
380330 198190 0000
UPID
US90-3364656
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
1927
Heating
NONE
Cooling
Yes
Buildings
2
Lot
0.39 ac
Current owner
From public records · entity-resolved
Crown Plaza Corp
Entity
Mailing address
114 W MAGNOLIA ST STE #201, BELLINGHAM, WA 98225-4354
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2019
$11,100,000
Crown Plaza Corp
Bellingham Crown Plaza LLC
Warranty Deed
related
—
Jul 28, 2003
$4,874,641
Bellingham Crown Plaza LLC
Crown Northwest LLC
Grant Deed
related
—
Oct 7, 1997
$5,000,000
Crown Northwest LLC
Crown Plaza Corp
Grant Deed
related
$3,600,000 · Gmac Commercial Mortgage Corp
—
—
Crown Plaza Corporation
—
Deed Of Trust
related
$200,000 · Jym Investment Group
—
—
Bellingham Crown Plaza LLC
—
Deed Of Trust
related
$5,475,000 · Heritage Bk
—
—
Crown Point Development INC
—
Deed Of Trust
related
$800,000 · Anderson Hunter Law Firm Pst
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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