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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Individual retail properties
1504 Iowa St Bellingham, WA 98229-4709
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-1639658
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1997
Total area
23,428 SF
Lot
2.54 ac (110,512 SF)
Zoning code
LI
APN
380329 234378 0000
UPID
US90-1639658
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
-
Midtown Barber Barber Shop
-
Anti-Aging Northwest Gym & Fitness Center Alternative Medicine Practice
-
FitEvo - Bellingham Gym & Fitness Center
-
Amar Parekh Physician
-
Neufit Bellingham Rehabilitation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$670k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$670k
Owner & transaction history
Ein Frau LLC · 13 yrs held
Ein Frau LLC
since 2013
5 recorded transactions
Zoning & alternative use
LI · 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
$670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$670k
Range $603k – $737k · ±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
$29 / 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
$36,747
Tax year 2021
Assessed value
$4,331,188
Assessed 2022
Previous assessed
$4,331,188
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$2,009,410
Assessed improvement
$2,321,778
Land market value
$2,009,410
Improvement market value
$2,321,778
Total market value
$4,331,188
Applied tax rate
100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1997
Heating
SPACE
Cooling
AC.FAN COOLING
Total area
23,428 SF
Lot
2.54 ac (110,512 SF)
Zoning code
LI
APN
380329 234378 0000
UPID
US90-1639658
Jurisdiction
WHATCOM
Zoning & alternative use
LI · Bellingham, WA
Zoning LI · permitted uses
LI · 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
1997
Heating
SPACE
Cooling
Yes
Lot
2.54 ac
Current owner
From public records · entity-resolved
Ein Frau LLC
Entity
Mailing address
1504 IOWA ST, BELLINGHAM, WA 98229-4709
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2013
$2,300,280
Ein Frau LLC
Jack R Laird
Warranty Deed
$1,363,500 · Peoples Bank
—
—
Ein Frau LLC
—
Deed Of Trust
related
$1,123,000 · Northwest Busn Dev Assn
—
—
Enjack INC
—
Deed Of Trust
related
$70,000 · Horizon Bank
—
—
Jack R Laird
—
Deed Of Trust
related
$695,389 · Bank Of The Northwest
—
—
Jack R Laird
—
Deed Of Trust
related
$1,000,000 · Bank Of Pacific
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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