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Property profile & analytics
OFF-MARKET
Office Spaces
1224 Harris Ave, Bellingham, WA 98225-7152
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0120092
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Lot
0.25 ac (10,999 SF)
Zoning code
CC
APN
370201 159088 0000
UPID
US90-0120092
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
-
On Rice Thai Bistro Restaurant
-
T D Knowles & Associates PLLC Law Firm
-
fairhavencapital Consultant
-
Mainstay Law, LLC Law Firm
-
Pomelo Beauty (Bike/Boat/Book/etc) Store Cosmetic Store
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
Fairhaven Capital Advisors LLC · 9 yrs held
Fairhaven Capital Advisors LLC
since 2017
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 2023Property tax & assessments
Tax year 2023
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Heating
NONE
Lot
0.25 ac (10,999 SF)
Zoning code
CC
APN
370201 159088 0000
UPID
US90-0120092
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
Heating
NONE
Lot
0.25 ac
Current owner
From public records · entity-resolved
Fairhaven Capital Advisors LLC
Entity
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
26 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2017
$300,000
Fairhaven Capital Advisors LLC
North Coast Cu
Grant Deed
related
$225,000 · North Coast Cu
Mar 24, 2004
$438,000
Kenneth S Mason
Harris Partners LLC
Warranty Deed
$333,700 · Wells Fargo Home Mortgage INC
Feb 13, 2004
$154,900
Mary J Preising
Harris Partners LLC
Warranty Deed
$123,920 · Horizon Bank
Feb 5, 2004
$133,200
Brooks Anderson
Harris Partners LLC
Warranty Deed
$106,560 · Horizon Bank
Jan 16, 2004
$164,900
Anthony J Winter
Harris Partners LLC
Warranty Deed
$156,600 · Banner Bank
Jan 14, 2004
$152,900
Heather A Kreizenbeck
Harris Partners LLC
Warranty Deed
$122,320 · Wells Fargo Home Mortgage INC
Jan 13, 2004
$143,900
Matthew R Vandersluis
Harris Partners LLC
Warranty Deed
$115,000 · Countrywide Home Loans INC
Jan 5, 2004
$85,000
Ann A Gibson
Harris Partners LLC
Warranty Deed
$68,000 · Pacific Republic Mortgage Corp
Jan 2, 2004
$141,900
James R Bergstrom
Harris Partners LLC
Warranty Deed
$106,400 · National City Mortgage Co
Dec 31, 2003
$138,400
Jerome J Wylie
Harris Partners LLC
Grant Deed
$110,720 · Peoples Bank & Trust
Dec 19, 2003
$72,900
Priscilla T Beazanzon
Harris Partners LLC
Grant Deed
$54,675 · Washington Mutual Fsb
Dec 12, 2003
$65,010
Harborside Hospitality
Harris Partners LLC
Grant Deed
$49,885 · Whidbey Island Bank
Dec 12, 2003
$242,563
Investments Ll C Rf
Harris Partners LLC
Grant Deed
—
Dec 12, 2003
$87,918
Investments Ll C Rf
Harris Partners LLC
Grant Deed
—
May 5, 2003
—
Harris Partners LLC
Ebenal,david C & Bonita
Quit Claim Deed
related
—
Jan 30, 2003
$349,020
David C Ebenal
Gunther,william G & Stehen D
Grant Deed
$1,600,000 · Horizon Bank
Jun 3, 2002
—
Nugent & Gunther LLC
Gunther,william G & Stephen D
Quit Claim Deed
related
—
Jan 21, 1997
$60,000
Stephen D Nugent
Gunther,william G
Grant Deed
—
—
—
Steven E Spitzer
—
Deed Of Trust
related
$40,000 · Whidbey Island Bank
—
—
R F Investments LLC
—
Deed Of Trust
related
$350,000 · Horizon Bank
—
—
Rf Investments LLC
—
Deed Of Trust
related
$257,354 · Whidbey Island Bank
—
—
Harris Partners LLC
—
Deed Of Trust
related
$210,000 · Frontier Bank
—
—
Harris Partners LLC
—
Deed Of Trust
related
$400,000 · Frontier Bank
—
—
Harborside Hospitality Manage
—
Deed Of Trust
related
$59,500 · Whidbey Island Bank
—
—
William G Gunther
—
Deed Of Trust
related
$26,000 · Individual
—
—
Mark Bezanson
—
Deed Of Trust
related
$25,000 · Washington School Employees Cu
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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