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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Industrial properties
1650 Baker Crk Pl Bellingham, WA 98226-7602
Individually Owned
19-yr Hold
Free & Clear
Property ID
US90-3310234
Property profile
Verified
Property type
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Year built
2008
Total area
7,858 SF
Lot
1.18 ac (51,531 SF)
Zoning code
LI
APN
380317 180479 0000
UPID
US90-3310234
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
-
Building Industry Association of Whatcom County Association / Organization Non-Profit Organization
-
Baker Creek Place Wedding and Event Venue Wedding Service
-
Bellingham Connections Networking Group Business Networking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$745k
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.11M
Owner & transaction history
Building Industry Assn Of Whatcom · 19 yrs held
Building Industry Assn Of Whatcom
since 2006
3 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
by Request
CAP Approach
CAP Return
Estimation
6%
$810,000
6.5%
$745,000
7%
$695,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,650,000
Current use
WAREHOUSE, STORAGE
$1,585,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,360,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±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
$141 / 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
$11,226
Tax year 2021
Assessed value
$1,804,036
Assessed 2022
Previous assessed
$1,804,036
+0.0% YoY
Effective rate
0.62%
On assessed value
Assessed land
$561,194
Assessed improvement
$1,242,842
Land market value
$561,194
Improvement market value
$1,242,842
Total market value
$1,804,036
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
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Status
Off-Market
Year built
2008
Heating
NONE
Cooling
YES
Total area
7,858 SF
Lot
1.18 ac (51,531 SF)
Zoning code
LI
APN
380317 180479 0000
UPID
US90-3310234
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Heating
NONE
Cooling
Yes
Lot
1.18 ac
Current owner
From public records · entity-resolved
Building Industry Assn Of Whatcom
Individual
Free & Clear · 19 yrs held
Mailing address
1650 BAKER CRK PL, BELLINGHAM, WA 98226-7602
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2008
—
Building Industry Assn Of Whatcom
—
Trustees Deed
related
$1,400,000 · Frontier Bank
Oct 10, 2006
$240,000
Building Industry Assn Of Whatcom
Hammer,howard
Warranty Deed
—
—
—
Building Industry Assn Of Whatcom
—
Deed Of Trust
related
$920,000 · North Coast Cu
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.
Try Rey
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