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Property profile & analytics
FOR SALE
Investment properties
1211 Granary Ave, Bellingham, WA 98225
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-2950613
For Sale
1 / 2
$10,130,000
1211 Granary Ave, Bellingham, WA 98225
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1928
Total area
93,204 SF
Lot
0.65 ac (28,314 SF)
Zoning code
WFUV
APN
380330 050187 0000
UPID
US90-2950613
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
$6.11M
Blend (final)
Blend
$10.13M
Owner & transaction history
Harcourt Developments Granary LLC · 5 yrs held
Harcourt Developments Granary LLC
since 2021
3 recorded transactions
Zoning & alternative use
WFUV · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.13M
Range $9.12M – $11.14M · ±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
$109 / 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
$63,145
Tax year 2021
Assessed value
$9,936,490
Assessed 2022
Previous assessed
$9,936,490
+0.0% YoY
Effective rate
0.64%
On assessed value
Assessed land
$886,794
Assessed improvement
$9,049,696
Land market value
$886,794
Improvement market value
$9,049,696
Total market value
$9,936,490
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1928
Heating
NONE
Cooling
YES
Total area
93,204 SF
Lot
0.65 ac (28,314 SF)
Zoning code
WFUV
APN
380330 050187 0000
UPID
US90-2950613
Jurisdiction
WHATCOM
Zoning & alternative use
WFUV · Bellingham, WA
Zoning WFUV · permitted uses
WFUV · 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
1928
Heating
NONE
Cooling
Yes
Lot
0.65 ac
Current owner
From public records · entity-resolved
Harcourt Developments Granary LLC
Entity
Mailing address
1010 MONROE ST, BELLINGHAM, WA 98225-2807
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2021
—
Harcourt Developments Granary LLC
—
Deed
related
$7,240,000 · Korth Direct Mortgage INC
Apr 1, 2021
—
Harcourt Developments Granary LLC
—
Deed
related
$7,240,000 · Korth Direct Mortgage INC
Feb 27, 2020
—
Harcourt Developments Granary
—
Deed Of Trust
related
$6,300,000 · Iborrow Reit LP
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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