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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Warehouses
1325 Marietta Ave Bellingham, WA 98226-8333
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-3252827
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2011
Total area
12,960 SF
Lot
9.39 ac (409,028 SF)
Zoning code
LII
APN
380204 503032 0000
UPID
US90-3252827
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
-
BLACKline HHP Products Building Supply Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$830k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$674k
Blend (final)
Blend
$635k
Owner & transaction history
Evans Group Properties LLC · 2 yrs held
Evans Group Properties LLC
since 2023
Last sale
$540,000
7 recorded transactions
Zoning & alternative use
LII · 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
$585,000
ML approach
$830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $540k (Nov 30 2023)
Last sale anchor
$540k
Nov 30 2023
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
$49 / 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
$13,761
Tax year 2021
Assessed value
$1,399,862
Assessed 2022
Previous assessed
$1,399,862
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$505,771
Assessed improvement
$894,091
Land market value
$505,771
Improvement market value
$894,091
Total market value
$1,399,862
Applied tax rate
1,105.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2011
Heating
SPACE
Cooling
YES
Bathrooms
2
Total area
12,960 SF
Lot
9.39 ac (409,028 SF)
Zoning code
LII
APN
380204 503032 0000
UPID
US90-3252827
Jurisdiction
WHATCOM
Zoning & alternative use
LII · Bellingham, WA
Zoning LII · permitted uses
LII · 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
2011
Heating
SPACE
Cooling
Yes
Bathrooms
2
Lot
9.39 ac
Current owner
From public records · entity-resolved
Evans Group Properties LLC
Entity
Mailing address
310 W MONTICELLO DR, CAMANO ISLAND, WA 98282-7657
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2023
—
Evans Group Properties LLC
Evans Kenney LLC
Quit Claim Deed
related
—
Apr 12, 2021
—
Evans Kennedy LLC
Don F Kenney
Intrafamily Transfer
related
—
Apr 29, 2009
$540,000
Evans Of Kenney Ptshp
Rkk Investments LLC
Warranty Deed
—
May 7, 2007
$550,000
Rkk Investments LLC
Koons,john & Karin
Warranty Deed
$412,500 · Skagit State Bank
Jan 6, 2006
$375,000
Record Owner
Owner,record
Warranty Deed
—
Jul 1, 2005
$290,000
Krets Properties LLC
Doty,eleanor
Warranty Deed
$120,000 · Eleanor Doty
—
—
Eleanor A Doty
—
Deed Of Trust
related
$30,000 · Individual
—
—
James E Thibodeau
—
Deed Of Trust
related
$80,000 · Key Bank NA
—
—
Rkk Investments LLC
—
Deed Of Trust
related
$125,000 · Skagit State 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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