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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Turn key restaurants
1205 Washington St, Bellingham, WA 98225-2800
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0085472
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1995
Total area
1,135 SF
Lot
0.3 ac (13,042 SF)
Zoning code
CT1
APN
380225 517547 0000
UPID
US90-0085472
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
-
ROAM Coffee + Beer Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$710k
Blend (final)
Blend
$850k
Owner & transaction history
Washington Elm LLC · 1 yrs held
Washington Elm LLC
since 2025
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
CT1 · 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
$795,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $950k (Mar 2 2025)
Last sale anchor
$950k
Mar 2 2025
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
$749 / 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
$4,114
Tax year 2024
Assessed value
$529,191
Assessed 2023
Previous assessed
$562,969
-6.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$373,244
Assessed improvement
$155,947
Land market value
$373,244
Improvement market value
$155,947
Total market value
$529,191
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1995
Heating
YES
Cooling
YES
Total area
1,135 SF
Lot
0.3 ac (13,042 SF)
Zoning code
CT1
APN
380225 517547 0000
UPID
US90-0085472
Jurisdiction
WHATCOM
Zoning & alternative use
CT1 · Bellingham, WA
Zoning CT1 · permitted uses
CT1 · 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
YES
Cooling
Yes
Lot
0.3 ac
Current owner
From public records · entity-resolved
Washington Elm LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2605 ALABAMA ST, BELLINGHAM, WA 98226-4054
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2025
$950,000
Washington Elm LLC
Wahsington Street Ventures LLC
Warranty Deed
—
Oct 18, 2021
$700,000
Washington Street Ventures LLC
James Willson
Warranty Deed
—
Jan 17, 2017
$230,000
James Willson
Bayview Loan Servicing LLC
Grant Deed
—
Jul 29, 2016
$389,950
Bayview Ln Svcg LLC
Seaside Trustee Of Wa INC|nina Holdings LLC
Trustees Deed
—
Jul 6, 2007
$450,280
Nina Holdings LLC
Bean Blossom Coffee Co INC
Warranty Deed
$337,500 · Bayview Financial Small Bus Funding
Sep 2, 2004
$285,000
Bean Blossom Coffee Co INC
Lindner Properties LLC
Warranty Deed
$245,000 · Cit Small Business Lending Co
Aug 27, 2002
—
Lindner Properties LLC
Bean Blossom Coffee Co LLC
Grant Deed
$159,185 · Banner Bank
Nov 28, 2001
—
Bean Blossom Coffee Co LLC
Kohl,michael & Mary A
Quit Claim Deed
related
—
Sep 25, 1995
$120,000
Michael Kohl
Mcbride,richard R & Donna L
Grant Deed
$80,000 · Individual
—
—
Michael Kohl
—
Deed Of Trust
related
$260,000 · Whatcom State Bank
—
—
Kohl Construction INC
—
Deed Of Trust
related
$50,000 · Individual
—
—
Michael Kohl
—
Deed Of Trust
related
$45,000 · Whatcom State Bank
—
—
Michael L Kohl
—
Deed Of Trust
related
$65,749 · Skagit State Bank
—
—
Bean Blossom Coffee Co LLC
—
Deed Of Trust
related
$12,000 · Nancy Timmer
—
—
Michael L Kohl
—
Deed Of Trust
related
$205,000 · Whatcom State Bank
—
—
Michael Kohl
—
Deed Of Trust
related
$20,000 · Whatcom State Bank
—
—
Michael L Kohl
—
Deed Of Trust
related
$17,000 · Individual
—
—
Michael Kohl
—
Deed Of Trust
related
$15,000 · Whatcom State 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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