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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Auto shops
1814 Ellis St Bellingham, WA 98225-4619
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0888061
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1996
Total area
4,800 SF
Lot
0.34 ac (14,688 SF)
Zoning code
LI
APN
380330 384332 0000
UPID
US90-0888061
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
-
Mint Automotive Service & Repair For Audi, BMW, Mercedes, MINI, & Volkswagen Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$757k
Blend (final)
Blend
$1.11M
Owner & transaction history
Wileman Properties LLC · 3 yrs held
Wileman Properties LLC
since 2023
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
LI · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.7M
+98.2%
Medical building
$1.5M
+79.1%
Retail stores
$1.4M
+69.4%
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
$1,235,000
ML approach
$1,335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$830,000
Current use
OFFICE BUILDING
$1,650,000
Change: +98% · Conversion: Difficult
MEDICAL BUILDING
$1,490,000
Change: +79% · Conversion: Difficult
RETAIL STORES
$1,410,000
Change: +69% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,335,000
Change: +60% · Conversion: Moderate
WAREHOUSE, STORAGE
$970,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±10% · vs last sale $1.10M (Jan 20 2023)
Last sale anchor
$1.10M
Jan 20 2023
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
$230 / 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
$5,950
Tax year 2021
Assessed value
$701,237
Assessed 2022
Previous assessed
$701,237
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$425,952
Assessed improvement
$275,285
Land market value
$425,952
Improvement market value
$275,285
Total market value
$701,237
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1996
Heating
SPACE
Cooling
YES
Total area
4,800 SF
Lot
0.34 ac (14,688 SF)
Zoning code
LI
APN
380330 384332 0000
UPID
US90-0888061
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
AUTO REPAIR, GARAGE Current
Est. value
$830,000
OFFICE BUILDING
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$970,000
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1996
Heating
SPACE
Cooling
Yes
Lot
0.34 ac
Current owner
From public records · entity-resolved
Wileman Properties LLC
Entity
Mailing address
1814 ELLIS ST, BELLINGHAM, WA 98225-4619
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2023
$1,100,000
Wileman Properties LLC
1814 Ellis LLC
Warranty Deed
$1,370,000 · Peoples Bank
Oct 18, 2016
—
1814 Ellis LLC
—
Deed
related
$45,000 · David F & Patricia D Parrish
Sep 30, 2016
$675,000
1814 Ellis LLC
Ellis Industial LLC
Warranty Deed
related
$625,000 · Ellis Industrial LLC
Feb 12, 2008
—
Ellis Industrial LLC
Milne,larry
Quit Claim Deed
related
—
—
—
1814 Ellis LLC
—
Deed Of Trust
related
$45,000 · David F & Patricia D Parrish
—
—
Larry D Milne
—
Deed Of Trust
related
$42,000 · Whidbey Island 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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