Back to Search
Property profile & analytics
OFF-MARKET
Warehouses
1708 Kentucky St Bellingham, WA 98229-4715
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0348159
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Total area
6,410 SF
Lot
0.22 ac (9,792 SF)
Zoning code
LI
APN
380329 380446 0000
UPID
US90-0348159
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
-
Apex Fitness NW Gym & Fitness Center
-
HD Grow LLC. Department Store
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
Apex Fitness Nw LLC · 3 yrs held
Apex Fitness Nw LLC
since 2023
7 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
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 2024Property tax & assessments
Tax year 2024
Tax billed
$6,279
Tax year 2024
Assessed value
$807,644
Assessed 2023
Previous assessed
$754,482
+7.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$327,552
Assessed improvement
$480,092
Land market value
$327,552
Improvement market value
$480,092
Total market value
$807,644
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2008
Heating
SPACE
Cooling
YES
Total area
6,410 SF
Lot
0.22 ac (9,792 SF)
Zoning code
LI
APN
380329 380446 0000
UPID
US90-0348159
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
2008
Heating
SPACE
Cooling
Yes
Lot
0.22 ac
Current owner
From public records · entity-resolved
Apex Fitness Nw LLC
Entity
Ownership since
2023
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
May 5, 2023
—
Apex Fitness Nw LLC
Macg Group Lllp
Lease
—
May 4, 2023
—
Macg Group Lllp
—
Deed
related
$449,000 · Ameritrust Cdc
Mar 7, 2023
$1,200,000
Macg Group Lllp
Loren Unick
Warranty Deed
$448,625 · Heritage Southeast Bank
Mar 7, 2023
—
Macg Group Lllp
—
Deed
related
$433,625 · Heritage Southeast Bank
Nov 18, 2015
—
Loren Unick
Cuevas,myca P
Quit Claim Deed
related
—
Nov 18, 2015
$695,000
Loren Unick
Kentucky Street Station LLC
Warranty Deed
$506,250 · North Coast Cu
Dec 4, 2009
$550,280
Kentucky Street Station LLC
Grand Central Collision Repair INC
Warranty Deed
$280,375 · Peoples Bank
Jun 9, 2008
—
Grand Ctrl Collision Repair
—
Trustees Deed
related
$420,000 · Horizon Bank
Nov 15, 2006
$147,000
Grand Central Collision Repair
Sebco INC
Grant Deed
related
—
Nov 10, 2005
$147,000
Central Station Collisio Grand
Sebco INC
Warranty Deed
$122,000 · James E Allison
Nov 27, 2002
$148,915
Sobo INC
Squire,gordon
Grant Deed
—
Sep 5, 2001
$97,725
Gordon Squire
Coleman Trust
Grant Deed
$65,000 · Coleman Trust
—
—
Kentucky Street Station LLC
—
Deed Of Trust
related
$229,000 · Northwest Busn Dev Assn
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1708 Kentucky St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
