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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Office Spaces
1303 Astor St 202, Bellingham, WA 98225-2915
Individually Owned
1-yr Hold
Free & Clear
Property ID
US90-0654897
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1900
Total area
1,251 SF
Zoning code
RM15OF
APN
380225 482438 0004
UPID
US90-0654897
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
-
Tonya L. Casali, LMP Alternative Medicine Practice Spa & Massage Center
-
Maple Recording Studio Recording Studio
-
Acupuncture Health Center Medical Clinic Alternative Medicine Practice
-
Acupuncture Health Center: Racine Bree Medical Clinic Alternative Medicine Practice
-
Madrona Relationship Counseling Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$599k
Blend (final)
Blend
$530k
Owner & transaction history
Keith A Negley JR · 1 yrs held
Keith A Negley JR
since 2024
Last sale
$530,000
2 recorded transactions
Zoning & alternative use
RM15OF · 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
$530,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$430,000
Current use
MEDICAL BUILDING
$390,000
Change: -10% · Conversion: Easy
RETAIL STORES
$365,000
Change: -15% · Conversion: Moderate
COMMERCIAL (GENERAL)
$350,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $530k (Oct 10 2024)
Last sale anchor
$530k
Oct 10 2024
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
$424 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,664
Tax year 2024
Assessed value
$471,263
Assessed 2023
Previous assessed
$424,561
+11.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$139,194
Assessed improvement
$332,069
Land market value
$139,194
Improvement market value
$332,069
Total market value
$471,263
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1900
Heating
HOT WATER
Cooling
YES
Bathrooms
1
Total area
1,251 SF
Zoning code
RM15OF
APN
380225 482438 0004
UPID
US90-0654897
Jurisdiction
WHATCOM
Zoning & alternative use
RM15OF · Bellingham, WA
Zoning RM15OF · permitted uses
RM15OF · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$430,000
MEDICAL BUILDING
Est. value
$390,000
RETAIL STORES
Est. value
$365,000
COMMERCIAL (GENERAL)
Est. value
$350,000
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Heating
HOT WATER
Cooling
Yes
Bathrooms
1
Current owner
From public records · entity-resolved
Keith A Negley JR
Individual
Free & Clear · 1 yrs held
Mailing address
1303 ASTOR ST UNIT #202, BELLINGHAM, WA 98225-2915
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2024
—
Keith A Negley JR
Keith Negley Illustration LLC
Quit Claim Deed
related
—
Jun 30, 2021
$530,000
Keith Negley Illustration LLC
Big Red Schoolhouse LLC
Warranty Deed
$397,500 · Peoples 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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