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Property profile & analytics
FOR SALE
Bars & Pubs
1232 North State St, Bellingham, WA 98225
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0431353
For Sale
1 / 3
$1,650,000
1232 North State St, Bellingham, WA 98225
View Listing →
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1894
Total area
5,456 SF
Lot
0.24 ac (10,315 SF)
Zoning code
CC
APN
380330 215055 0000
UPID
US90-0431353
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
-
Accomplice Restaurant
-
Comrade Take-out & Catering
-
Rudy's Pizzeria Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$375k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$675k
Blend (final)
Blend
$525k
Owner & transaction history
Wollochet 1234 INC · 6 yrs held
Wollochet 1234 INC
since 2019
6 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
Method
Estimation
Statistic approach
by Request
ML approach
$375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$96 / 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
$10,193
Tax year 2021
Assessed value
$1,368,397
Assessed 2022
Previous assessed
$1,368,397
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$598,154
Assessed improvement
$770,243
Land market value
$598,154
Improvement market value
$770,243
Total market value
$1,368,397
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
Bars & Pubs
Use group
BAR, TAVERN
Status
For Sale
Year built
1894
Heating
NONE
Total area
5,456 SF
Lot
0.24 ac (10,315 SF)
Zoning code
CC
APN
380330 215055 0000
UPID
US90-0431353
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
1894
Heating
NONE
Lot
0.24 ac
Current owner
From public records · entity-resolved
Wollochet 1234 INC
Entity
Mailing address
1720 KNOX AVE, BELLINGHAM, WA 98225-6712
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2023
—
Wollochet 1234 INC
—
Deed
related
$1,000,000 · Banner Bank
Aug 27, 2019
$1,100,000
Wollochet 1234 INC
S & S Scoggins LLC
Warranty Deed
$848,000 · Harvest Small Busn Fin LLC
May 26, 2016
—
S & S Scoggins LLC
—
Deed
related
$743,831 · Heritage Bk
Apr 26, 2007
$875,000
S & S Scoggins LLC
Relay,ian M & Patricia A
Warranty Deed
$916,939 · Whidbey Island Bank
Nov 6, 1995
$150,000
Ian M Relay
Bring,james D & Roberta
Grant Deed
—
—
—
S & S Scoggins LLC
—
Deed Of Trust
related
$743,831 · Heritage Bk
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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