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Property profile & analytics
OFF-MARKET
Banks
1201 Railroad Ave, Bellingham, WA 98225
Entity Owned
Free & Clear
Property ID
US90-0454447
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1995
Total area
2,800 SF
Lot
0.13 ac (5,502 SF)
Zoning code
CC
APN
380330 155078 0000
UPID
US90-0454447
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Blue Sea Holly LLC
Blue Sea Holly LLC
since 2026
Last sale
$2.2M
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
—
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
$2,456
Tax year 2021
Assessed value
$284,503
Assessed 2022
Previous assessed
$284,503
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$282,150
Assessed improvement
$2,353
Land market value
$282,150
Improvement market value
$2,353
Total market value
$284,503
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
1995
Heating
NONE
Total area
2,800 SF
Lot
0.13 ac (5,502 SF)
Zoning code
CC
APN
380330 155078 0000
UPID
US90-0454447
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
1995
Heating
NONE
Lot
0.13 ac
Current owner
From public records · entity-resolved
Blue Sea Holly LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 891, LONG BEACH, CA 90801-0891
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2026
$2,175,000
Blue Sea Holly LLC
Sb Locale LLC
Special Warranty Deed
—
Nov 18, 2021
—
Blue Sea Holly LLC
—
Deed
related
$1,744,000 · Farmers & Merchants Bank Of Long Beach
Oct 30, 2018
$2,835,000
Blue Sea Holly LLC
Palmroy LLC
Grant Deed
—
Oct 30, 2018
—
Blue Sea Holly LLC
Walker Holding Co LLC
Trustees Deed
$1,535,000 · Nano Banc
Jun 4, 2018
$2,835,000
Palmroy LLC
Gpt Gig Boa Portfolio Owner Ll
Trustees Deed
$2,712,648 · Jhdah Ents LLC
May 24, 2010
—
First States Invtrs 5000a LLC
Owner Name Unavailable
Grant Deed
related
—
Jul 30, 2003
$2,884,456
First State Investors 5000a
Bank Of America
Grant Deed
related
$400,000,000 · German American Capital Corp
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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