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Property profile & analytics
OFF-MARKET
Estimated value
$2,770,000
Warehouses
160 Bakerview Rd, Bellingham, WA 98226
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US90-1100778
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2007
Total area
33,642 SF
Lot
0.37 ac (16,239 SF)
Zoning code
PCLI
APN
380307 021015 0000
UPID
US90-1100778
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.77M
Owner & transaction history
Meridian Self Storage Investor · 21 yrs held
Meridian Self Storage Investor
since 2004
7 recorded transactions
Zoning & alternative use
PCLI · 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
$82 / 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
$18,603
Tax year 2021
Assessed value
$2,770,679
Assessed 2022
Previous assessed
$2,770,679
+0.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$393,414
Assessed improvement
$2,377,265
Land market value
$393,414
Improvement market value
$2,377,265
Total market value
$2,770,679
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Heating
NONE
Cooling
YES
Total area
33,642 SF
Lot
0.37 ac (16,239 SF)
Zoning code
PCLI
APN
380307 021015 0000
UPID
US90-1100778
Jurisdiction
WHATCOM
Zoning & alternative use
PCLI · Bellingham, WA
Zoning PCLI · permitted uses
PCLI · 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
2007
Heating
NONE
Cooling
Yes
Lot
0.37 ac
Current owner
From public records · entity-resolved
Meridian Self Storage Investor
Individual
Mailing address
8451 SE 68TH ST STE #200, MERCER ISLAND, WA 98040-5240
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2021
—
Meridian Self Storage Investments L
—
Deed
related
$2,365,000 · Tiaa Fsb Holdings INC
Dec 14, 2020
—
Meridian Self Storage Invtrs L
—
Deed
related
$2,365,000 · Tiaa Fsb
Oct 21, 2004
$1,760,000
Meridian Self Storage Investor
Meridian Storage LLC
Warranty Deed
related
$2,400,000 · Wells Fargo Bank
Jul 7, 2004
—
Meridian Storage LLC
—
Deed Of Trust
related
$2,500,000 · Horizon Bank
Jul 18, 2003
—
Meridian Storage LLC
Ware Family Ventures LLC
Quit Claim Deed
related
—
Jul 17, 2003
$145,425
Ware Family Ventures LLC
New Whatcom Improvement Co LLC
Grant Deed
—
Oct 15, 1997
$2,908
New Whatcom Improvement Co LLC
Swing Development Joint Ventur
Grant Deed
related
—
—
—
Woodlake Meadows LLC
—
Deed Of Trust
related
$200,000 · Jim Takisaki INC
—
—
Self Storage Invtrs L Meridian
—
Deed Of Trust
related
$500,000 · Wells Fargo Bank
—
—
Self Storage Invtrs L Meridian
—
Deed Of Trust
related
$500,000 · Wells Fargo Bank
—
—
Meridian Self Storage Investor
—
Deed Of Trust
related
$2,520,000 · Everbank
—
—
New Whatcom Improvement Co LLC
—
Deed Of Trust
related
$500,000 · Banner Bank
—
—
Meridian Self Storage Invtrs L
—
Deed Of Trust
related
$2,365,000 · Tiaa Fsb
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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