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Property profile & analytics
OFF-MARKET
Medical Office Space
1470 Ellis St Bellingham, WA 98225-4904
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US90-0524945
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1948
Total area
1,559 SF
Lot
0.12 ac (5,040 SF)
Zoning code
RM3.0
APN
380330 392098 0000
UPID
US90-0524945
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
-
Hearing Northwest Physician
-
Renee Curtis Alternative Medicine Practice Spa & Massage Center
-
Susan Adich Alternative Medicine Practice Spa & Massage Center
-
Robert Rogoz Alternative Medicine Practice Spa & Massage Center
-
Tyree Johnson Alternative Medicine Practice Spa & Massage Center
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
Ellis Street Ents LLC · 16 yrs held
Ellis Street Ents LLC
since 2009
4 recorded transactions
Zoning & alternative use
RM3.0 · 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
$4,144
Tax year 2021
Assessed value
$479,966
Assessed 2022
Previous assessed
$479,966
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$258,552
Assessed improvement
$221,414
Land market value
$258,552
Improvement market value
$221,414
Total market value
$479,966
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
1948
Heating
NONE
Cooling
YES
Total area
1,559 SF
Lot
0.12 ac (5,040 SF)
Zoning code
RM3.0
APN
380330 392098 0000
UPID
US90-0524945
Jurisdiction
WHATCOM
Zoning & alternative use
RM3.0 · Bellingham, WA
Zoning RM3.0 · permitted uses
RM3.0 · 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
1948
Heating
NONE
Cooling
Yes
Lot
0.12 ac
Current owner
From public records · entity-resolved
Ellis Street Ents LLC
Entity
Mailing address
1470 ELLIS ST, BELLINGHAM, WA 98225-4904
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2009
—
Ellis Street Ents LLC
Owner Name Unavailable
Warranty Deed
related
—
Jul 24, 2009
$350,000
Ellis Street Ents LLC
Adich,david J & Susan
Warranty Deed
$324,000 · Key Bank NA
Mar 1, 1995
$175,000
David J Adich
Greenwood,paul H & Magil
Grant Deed
$115,038 · Us Bank Of Washington
—
—
David J Adich
—
Deed Of Trust
related
$140,000 · Whatcom 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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