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Property profile & analytics
OFF-MARKET
Hotels
125 Kellogg Rd Bellingham, WA 98226-8109
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0076267
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1992
Total area
32,162 SF
Lot
1.53 ac (66,734 SF)
Zoning code
PCLI
APN
380307 040179 0000
UPID
US90-0076267
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
-
Baymont by Wyndham Bellingham Hotel & Motel
-
Bellingham Gold and Silver Buyers (Bike/Boat/Book/etc) 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
Mahil Properties INC · 6 yrs held
Mahil Properties INC
since 2019
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
PCLI · 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
$41,393
Tax year 2021
Assessed value
$4,212,329
Assessed 2022
Previous assessed
$4,212,329
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$1,134,648
Assessed improvement
$3,077,681
Land market value
$1,134,648
Improvement market value
$3,077,681
Total market value
$4,212,329
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1992
Heating
NONE
Cooling
YES
Total area
32,162 SF
Lot
1.53 ac (66,734 SF)
Zoning code
PCLI
APN
380307 040179 0000
UPID
US90-0076267
Jurisdiction
WHATCOM
Zoning & alternative use
PCLI · Bellingham, WA
Zoning PCLI · permitted uses
PCLI · 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
1992
Heating
NONE
Cooling
Yes
Lot
1.53 ac
Current owner
From public records · entity-resolved
Mahil Properties INC
Entity
Mailing address
125 E KELLOGG RD, BELLINGHAM, WA 98226-8109
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2019
$5,400,000
Mahil Properties INC
Summit Investments INC
Warranty Deed
$3,824,500 · Bank Of Hope
Jul 18, 2014
—
Harbor Investment INC
Lee,jin W & Myung D
Quit Claim Deed
related
—
Oct 20, 2006
$4,250,000
Jin W Lee
Tri-star Investment Group LLC
Warranty Deed
$4,044,811 · City Bank
Jan 4, 2006
$2,550,000
Tri-star Investment Group LLC
Akal Ents INC
Warranty Deed
$2,195,402 · City Bank
Jan 3, 1996
$2,550,000
Days Inn
Kim,ki H & Hae H
Grant Deed
$1,650,000 · City Bank
—
—
Tri-star Investment Group LLC
—
Deed Of Trust
related
$720,719 · City Bank
—
—
Konil Hwang
—
Deed Of Trust
related
$150,000 · L G Capital INC
—
—
Jin W Lee
—
Deed Of Trust
related
$4,065,000 · Cathay Bank
—
—
Jin W Lee
—
Deed Of Trust
related
$3,660,000 · Cathay Bank
—
—
Akal Enterprises INC
—
Deed Of Trust
related
$154,204 · City Bank
—
—
Akal Enterprises INC
—
Deed Of Trust
related
$531,157 · City 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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