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Property profile & analytics
FOR SALE
Commercial real estate
1300 Ellis St, Bellingham, WA 98225
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0040937
For Sale
$600,000
1300 Ellis St, Bellingham, WA 98225
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1924
Total area
1,800 SF
Lot
0.08 ac (3,498 SF)
Zoning code
CB
APN
380331 391525 0000
UPID
US90-0040937
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
-
Super Supplements (Bike/Boat/Book/etc) Store Pharmacy
-
The Vitamin Shoppe (Bike/Boat/Book/etc) Store Pharmacy
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
Colonel Sun LLC · 4 yrs held
Colonel Sun LLC
since 2021
Last sale
$465,000
7 recorded transactions
Zoning & alternative use
CB · 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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,398
Tax year 2024
Assessed value
$437,100
Assessed 2023
Previous assessed
$515,101
-15.1% YoY
Effective rate
0.78%
On assessed value
Assessed land
$183,187
Assessed improvement
$253,913
Land market value
$183,187
Improvement market value
$253,913
Total market value
$437,100
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1924
Heating
NONE
Cooling
YES
Total area
1,800 SF
Lot
0.08 ac (3,498 SF)
Zoning code
CB
APN
380331 391525 0000
UPID
US90-0040937
Jurisdiction
WHATCOM
Zoning & alternative use
CB · Bellingham, WA
Zoning CB · permitted uses
CB · 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
1924
Heating
NONE
Cooling
Yes
Lot
0.08 ac
Current owner
From public records · entity-resolved
Colonel Sun LLC
Entity
Mailing address
3718 N 36TH ST, TACOMA, WA 98407-6111
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2021
$465,000
Colonel Sun LLC
Eclipse Real Estate LLC
Warranty Deed
$372,000 · Americas Cu
Mar 31, 2009
—
Wurts Properties LLC
—
Deed Of Trust
related
$2,250,000 · Commerce Bank Of Washington
Mar 3, 2003
$215,000
Wurts Properites LLC
Ahn, Grace
Grant Deed
$161,250 · Frontier Bank
—
—
Jay Y Ahn
—
Deed Of Trust
related
$83,243 · Cjs Properties Trust
—
—
Richard M Dietz
—
Deed Of Trust
related
$50,000 · Azaz Transnational
—
—
Wurts Properties LLC
—
Deed Of Trust
related
$2,500,000 · Commerce Bank Of Washington
—
—
Wurts Properties LLC
—
Deed Of Trust
related
$800,000 · Commerce Bank Of Washington
—
—
Jay Y Ahn
—
Deed Of Trust
related
$160,000 · Interwest 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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