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Property profile & analytics
OFF-MARKET
Estimated value
$4,465,000
Grocery and convenience stores
1401 12th St, Bellingham, WA 98225-7417
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0069593
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1954
Total area
27,548 SF
Lot
1.31 ac (57,194 SF)
Zoning code
CC
APN
370201 154057 0000
UPID
US90-0069593
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
-
Primo Water Refill Big Box & Wholesale Store
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Peoples Bank ATM Atm
-
Haggen Grocery & Convenience Store Food Market
-
Haggen Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.54M
CAP Approach
CAP
$5.06M
Comparable Approach
Comparable
$4.70M
Blend (final)
Blend
$4.47M
Owner & transaction history
Nnn Opp Owner Vi LLC · 5 yrs held
Nnn Opp Owner Vi LLC
since 2021
Last sale
$4.0M
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
Method
Estimation
Statistic approach
$4,520,000
ML approach
$4,540,000
CAP Approach
CAP Return
Estimation
6%
$5,480,000
6.5%
$5,055,000
7%
$4,695,000
Blend value · Realmo final
$4.47M
Range $4.02M – $4.91M · ±10% · vs last sale $3.98M (Jan 12 2021)
Last sale anchor
$3.98M
Jan 12 2021
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
$162 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$53,469
Tax year 2024
Assessed value
$6,877,009
Assessed 2023
Previous assessed
$7,315,967
-6.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$3,742,253
Assessed improvement
$3,134,756
Land market value
$3,742,253
Improvement market value
$3,134,756
Total market value
$6,877,009
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1954
Heating
NONE
Cooling
YES
Total area
27,548 SF
Lot
1.31 ac (57,194 SF)
Zoning code
CC
APN
370201 154057 0000
UPID
US90-0069593
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
1954
Heating
NONE
Cooling
Yes
Lot
1.31 ac
Current owner
From public records · entity-resolved
Nnn Opp Owner Vi LLC
Entity
Free & Clear · 5 yrs held
Mailing address
5973 AVENIDA ENCINAS STE #301, CARLSBAD, CA 92008-4479
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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 12, 2021
—
Nnn Opp Owner Vi LLC
Mgp X Dhp LLC
Grant Deed
related
—
Oct 26, 2012
$3,979,935
Mgp X Dhp LLC
Briar Dev Fairhaven LLC
Warranty Deed
—
May 19, 2004
—
Briar Dev Fairhaven LLC
B A Kramer INC
Warranty Deed
$2,812,134 · Big Brother Bail Bonds
May 11, 2004
$933,333
Ba Kramer INC
Harper,nancy H
Warranty Deed
$2,812,134 · Briar Dev Fairhaven LLC
May 11, 2004
—
Ba Kramer INC
Harmer,theodore R
Warranty Deed
related
—
Jan 7, 2002
—
Nancy H Harper
Key Bank NA
Grant Deed
related
—
—
—
Briar Dev Fairhaven LLC
—
Deed Of Trust
related
$2,240,000 · Whidbey Island Bank
—
—
Haggen INC
—
Deed Of Trust
related
—
—
—
Haggen INC
—
Deed Of Trust
related
—
—
—
Haggen INC
—
Deed Of Trust
related
—
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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