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Property profile & analytics
OFF-MARKET
Estimated value
$13,230,000
Investment properties
1310 9th St, Bellingham, WA 98225-6896
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-2840273
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2019
Total area
61,084 SF
Lot
0.93 ac (40,676 SF)
Zoning code
CC
APN
370201 048080 0000
UPID
US90-2840273
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.93M
Comparable Approach
Comparable
$12.27M
Blend (final)
Blend
$13.23M
Owner & transaction history
Fairhaven Harbor Apts LLC · 6 yrs held
Fairhaven Harbor Apts LLC
since 2019
2 recorded transactions
Zoning & alternative use
CC · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$21.0M
+23.5%
Medical building
$18.9M
+11.6%
Retail stores
$17.9M
+5.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$12,920,000
6.5%
$11,925,000
7%
$11,075,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$16,980,000
Current use
OFFICE BUILDING
$20,970,000
Change: +24% · Conversion: Easy
MEDICAL BUILDING
$18,945,000
Change: +12% · Conversion: Easy
RETAIL STORES
$17,920,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$13.23M
Range $11.91M – $14.55M · ±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
$217 / 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
$161,664
Tax year 2021
Assessed value
$19,958,080
Assessed 2022
Previous assessed
$19,958,080
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$2,359,228
Assessed improvement
$17,598,852
Land market value
$2,359,228
Improvement market value
$17,598,852
Total market value
$19,958,080
Applied tax rate
111.0000
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
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2019
Heating
NONE
Cooling
YES
Buildings
3
Total area
61,084 SF
Lot
0.93 ac (40,676 SF)
Zoning code
CC
APN
370201 048080 0000
UPID
US90-2840273
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$17.0M
OFFICE BUILDING
Est. value
$21.0M
MEDICAL BUILDING
Est. value
$18.9M
RETAIL STORES
Est. value
$17.9M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
2019
Heating
NONE
Cooling
Yes
Buildings
3
Lot
0.93 ac
Current owner
From public records · entity-resolved
Fairhaven Harbor Apts LLC
Entity
Mailing address
PO BOX 31548, BELLINGHAM, WA 98228-3548
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2019
—
Fairhaven Harbor Apts LLC
—
Deed
related
$17,274,000 · Arbor Private Label LLC
—
—
Fairhaven Harbor Apts LLC
—
Deed Of Trust
related
$17,274,000 · Arbor Private Label LLC
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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