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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Hotels
1200 10th St Bellingham, WA 98225-7092
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US90-0081180
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1999
Total area
17,992 SF
Lot
0.32 ac (14,000 SF)
Zoning code
CC
APN
370201 075115 0000
UPID
US90-0081180
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
-
Fairhaven Village Inn Hotel & Motel
-
Warhammer (Bike/Boat/Book/etc) Store
-
Galloways Cocktail Bar Bar & Pub Nightclub
-
Magdalena's Creperie Restaurant
-
The Oyster : Fine Home and Garden Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$752k
Blend (final)
Blend
$675k
Owner & transaction history
Gene Shannon · 22 yrs held
Gene Shannon
since 2003
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
Method
Estimation
Statistic approach
by Request
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$565,000
Current use
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$38 / 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
$34,059
Tax year 2021
Assessed value
$3,368,911
Assessed 2022
Previous assessed
$3,368,911
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$1,190,000
Assessed improvement
$2,178,911
Land market value
$1,190,000
Improvement market value
$2,178,911
Total market value
$3,368,911
Applied tax rate
111.0000
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
1999
Heating
FORCED AIR
Cooling
YES
Units
22
Total area
17,992 SF
Lot
0.32 ac (14,000 SF)
Zoning code
CC
APN
370201 075115 0000
UPID
US90-0081180
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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$565,000
HOTEL/MOTEL Current
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
1999
Heating
FORCED AIR
Cooling
Yes
Units
22
Lot
0.32 ac
Current owner
From public records · entity-resolved
Gene Shannon
Individual
Mailing address
1140 10TH ST APT #402, BELLINGHAM, WA 98225-7056
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2023
—
Gene Shannon
—
Deed
related
$225,000 · Peoples Bank
Jun 21, 2019
—
Gene Shannon
—
Deed
related
$225,000 · Peoples Bk
Dec 7, 2018
—
Gene Shannon
—
Deed
related
—
May 2, 2018
—
Gene Shannon
—
Deed
related
$2,474,441 · Peoples Bk
Aug 29, 2016
—
Gene Shannon
—
Deed
related
$125,000 · Peoples Bk
Dec 31, 2003
$1,866,000
Gene Shannon
Jacaranda Land Corp
Grant Deed
$1,425,000 · Peoples Bank & Trust
—
—
Gene Shannon
—
Deed Of Trust
related
$225,000 · Peoples Bk
—
—
Gene Shannon
—
Loan Modification
related
—
—
—
Gene Shannon
—
Deed Of Trust
related
$1,425,000 · Peoples Bank & Trust
—
—
Gene Shannon
—
Deed Of Trust
related
$125,000 · Peoples Bk
—
—
Gene Shannon
—
Deed Of Trust
related
$400,000 · Jacaranda Land Corp
—
—
Gene Shannon
—
Deed Of Trust
related
$2,474,441 · Peoples Bk
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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