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Property profile & analytics
OFF-MARKET
Medical Office Space
1326 Laurel St Bellingham, WA 98225-5739
Entity Owned
Free & Clear
Property ID
US90-1771493
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1995
Total area
2,988 SF
Lot
0.1 ac (4,456 SF)
Zoning code
CT2
APN
380331 411231 0000
UPID
US90-1771493
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
-
Gimbel-Levine Corinne Medical Clinic
-
clarity tax group Tax Preparation
-
Clarity Tax Management Accounting Firm Tax Preparation
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
San Juan Holdings LLC
San Juan Holdings LLC
since 2025
Last sale
$203,000
7 recorded transactions
Zoning & alternative use
CT2 · 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 2021Property tax & assessments
Tax year 2021
Tax billed
$3,789
Tax year 2021
Assessed value
$438,853
Assessed 2022
Previous assessed
$438,853
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$193,034
Assessed improvement
$245,819
Land market value
$193,034
Improvement market value
$245,819
Total market value
$438,853
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1995
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Total area
2,988 SF
Lot
0.1 ac (4,456 SF)
Zoning code
CT2
APN
380331 411231 0000
UPID
US90-1771493
Jurisdiction
WHATCOM
Zoning & alternative use
CT2 · Bellingham, WA
Zoning CT2 · permitted uses
CT2 · 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
1995
Heating
HEAT PUMP
Cooling
Yes
Lot
0.1 ac
Current owner
From public records · entity-resolved
San Juan Holdings LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2617 NORTHSHORE RD, BELLINGHAM, WA 98226-9487
Ownership since
2025
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
Dec 18, 2025
—
San Juan Holdings LLC
North Shore Holdings LLC
Quitclaim Deed
related
—
Feb 3, 2025
—
North Shore Holdings LLC
Fourth Corner Rental Properties LLC
Quitclaim Deed
related
—
Apr 5, 2017
$203,000
Fourth Corner Rental Props LLC
Northern Cross Collectives Gdn
Warranty Deed
—
Jun 14, 2013
$299,000
Cross Collective Gard Northern
C-y Dev Co
Warranty Deed
$239,000 · C-y Dev Co
Dec 20, 2002
—
C-y Development Co
Walker,marc R & Sheryl R
Grant Deed
related
—
—
—
Marc R Walker
—
Deed Of Trust
related
$158,000 · Mortgage Exchange Investments
—
—
Marc R Walker
—
Deed Of Trust
related
$200,668 · Bank Of Bellingham
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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