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Property profile & analytics
OFF-MARKET
Estimated value
$6,110,000
Assisted living facilities
1200 Birchwood Ave Bellingham, WA 98225-1302
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0966748
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1972
Total area
30,125 SF
Lot
3.15 ac (137,258 SF)
Zoning code
RMPLAN
APN
380213 494048 0000
UPID
US90-0966748
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 Health Care & Rehab: Bartlett Kerry T Physician Medical Clinic
-
Jennifer Bauer Physician
-
Maureen Hagan Physician
-
Zackery Lewis Nursing Home
-
Erik Johnson Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.11M
Owner & transaction history
Lake Whatcom Center Foundation · 3 yrs held
Lake Whatcom Center Foundation
since 2023
Last sale
$5.6M
7 recorded transactions
Zoning & alternative use
RMPLAN · 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
$6,285,000
ML approach
$6,950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,315,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$4,890,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$4,525,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,470,000
Change: 0% · Conversion: Difficult
RESTAURANT
$3,765,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$6.11M
Range $5.50M – $6.72M · ±10% · vs last sale $5.60M (Jun 14 2023)
Last sale anchor
$5.60M
Jun 14 2023
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
$203 / 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
$35,281
Tax year 2024
Assessed value
$4,537,716
Assessed 2023
Previous assessed
$4,044,239
+12.2% YoY
Effective rate
0.78%
On assessed value
Assessed land
$1,474,713
Assessed improvement
$3,063,003
Land market value
$1,474,713
Improvement market value
$3,063,003
Total market value
$4,537,716
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1972
Heating
FORCED AIR
Cooling
YES
Total area
30,125 SF
Lot
3.15 ac (137,258 SF)
Zoning code
RMPLAN
APN
380213 494048 0000
UPID
US90-0966748
Jurisdiction
WHATCOM
Zoning & alternative use
RMPLAN · Bellingham, WA
Zoning RMPLAN · permitted uses
RMPLAN · 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
OFFICE BUILDING
Est. value
$6.3M
MEDICAL BUILDING
Est. value
$4.9M
RETAIL STORES
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.5M
RESTAURANT
Est. value
$3.8M
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
1972
Heating
FORCED AIR
Cooling
Yes
Lot
3.15 ac
Current owner
From public records · entity-resolved
Lake Whatcom Center Foundation
Individual
Mailing address
2600 MERIDIAN ST, BELLINGHAM, WA 98225-2409
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Jan 13, 2025
—
Lake Whatcom Center Foundation
—
Deed
related
$5,000,000 · Hbcde LLC
Jun 14, 2024
—
Lake Whatcom Center Foundation
—
Deed
related
$3,144,000 · Hbcde LLC
Jun 14, 2023
$5,600,000
Lake Whatcom Center Foundation
James Willson
Warranty Deed
$440,000 · James Willson & Etal
Jun 14, 2023
$3,285,000
James M Willson
Ccp Bellingham 0158 LLC
Warranty Deed
$1,000,000 · Heritage Southeast Bank
Sep 16, 2015
—
Ccp Bellingham 0158 LLC
Ventas Realty LP
Grant Deed
—
Apr 24, 2001
—
Vencor Operating INC
—
Deed Of Trust
related
$300,000,000 · Morgan Guranty Trust Co Ttee
Feb 29, 2000
—
Ventas Realty LP
—
Deed Of Trust
related
—
—
—
Vencor Operating INC
—
Deed Of Trust
related
$120,000 · Morgan Guaranty Trust Co Ny
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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