Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,570,000
Investment properties
1303 Commercial St Bellingham, WA 98225-4347
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0659320
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1895
Total area
13,986 SF
Lot
0.13 ac (5,502 SF)
Zoning code
CC
APN
380330 151166 0000
UPID
US90-0659320
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
-
Thrive Movement, Bellingham Washington Gym & Fitness Center
-
Private Eye Tattoo & Piercing Shop
-
Job Corps: Bellingham Office Business Service Center Employment Agency
-
Korea Massage Alternative Medicine Practice Spa & Massage Center
-
Rachel Coats Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.57M
Owner & transaction history
Canoe Street LLC · 9 yrs held
Canoe Street 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
$112 / 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
$10,861
Tax year 2021
Assessed value
$1,258,069
Assessed 2022
Previous assessed
$1,258,069
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$344,850
Assessed improvement
$913,219
Land market value
$344,850
Improvement market value
$913,219
Total market value
$1,258,069
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1895
Heating
FORCED AIR
Cooling
AC.FAN COOLING
Total area
13,986 SF
Lot
0.13 ac (5,502 SF)
Zoning code
CC
APN
380330 151166 0000
UPID
US90-0659320
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
1895
Heating
FORCED AIR
Cooling
Yes
Lot
0.13 ac
Current owner
From public records · entity-resolved
Canoe Street LLC
Entity
Mailing address
1155 N STATE ST STE #620, BELLINGHAM, WA 98225-5024
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2017
—
Canoe Street LLC
—
Deed
related
$1,143,750 · Peoples Bk
Sep 16, 2016
—
Oakland LLC
—
Deed
related
$142,627 · Peoples Bk
—
—
Oakland LLC
—
Deed Of Trust
related
$30,000 · Betty A Miller
—
—
Oakland LLC
—
Deed Of Trust
related
$607,500 · Frontier Bank
—
—
Oakland LLC
—
Loan Modification
related
$142,627 · Peoples Bk
—
—
Canoe Street LLC
—
Deed Of Trust
related
$1,143,750 · Peoples Bk
—
—
Oakland LLC
—
Deed Of Trust
related
$240,378 · Frontier 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?”
You own 1303 Commercial St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
