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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Medical Office Space
1345 King St Bellingham, WA 98229-6223
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-3242847
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1990
Total area
3,814 SF
Lot
0.3 ac (13,064 SF)
Zoning code
PC
APN
380329 007007 0000
UPID
US90-3242847
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
-
Zachary Webb, MD Physician Medical Clinic
-
NorthStar Medical Specialists Medical Clinic
-
Car Accident Lawyers of Bellingham Law Firm
-
Earl Franklin Medical Clinic
-
Anna Peters Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
$575k
Comparable Approach
Comparable
$573k
Blend (final)
Blend
$515k
Owner & transaction history
Cpm Investments LLC · 12 yrs held
Cpm Investments LLC
since 2014
7 recorded transactions
Zoning & alternative use
PC · 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
by Request
ML approach
$390,000
CAP Approach
CAP Return
Estimation
6%
$625,000
6.5%
$575,000
7%
$535,000
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$135 / 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
$9,879
Tax year 2021
Assessed value
$1,214,519
Assessed 2022
Previous assessed
$1,214,519
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$426,834
Assessed improvement
$787,685
Land market value
$426,834
Improvement market value
$787,685
Total market value
$1,214,519
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
1990
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Total area
3,814 SF
Lot
0.3 ac (13,064 SF)
Zoning code
PC
APN
380329 007007 0000
UPID
US90-3242847
Jurisdiction
WHATCOM
Zoning & alternative use
PC · Bellingham, WAZoning PC · permitted uses
PC · Bellingham, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1990
Heating
HEAT PUMP
Cooling
Yes
Lot
0.3 ac
Current owner
From public records · entity-resolved
Cpm Investments LLC
Entity
Mailing address
1345 KING ST, BELLINGHAM, WA 98229-6223
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2019
—
Cpm Investments LLC
—
Deed
related
$1,000,000 · Bank Of America
Jul 1, 2014
$1,200,000
Cpm Investments LLC
Chreva Group LLC
Warranty Deed
$600,000 · Bank Of America
Feb 22, 2006
—
Chreva Group LLC
Mathews,michael T
Grant Deed
related
—
Jan 31, 2005
$475,000
Michael T Mathews
Archeus Group LLC
Warranty Deed
—
Mar 26, 2001
$494,444
Archeus Group LLC
Bennett,donald C & Carol O
Grant Deed
$410,000 · Donald C & Carol O
Mar 10, 2000
$465,359
Donald C Barnett
Interwest Bank
Grant Deed
—
—
—
Cpm Investments LLC
—
Deed Of Trust
related
$1,000,000 · Bank Of America
—
—
Michael T Mathews
—
Deed Of Trust
related
$400,000 · Whidbey Island Bank
—
—
Cpm Investments LLC
—
Deed Of Trust
related
$496,000 · Northwest Busn Dev Assn
—
—
Archeus Group LLC
—
Deed Of Trust
related
$373,233 · Bank Of The Northwest
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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