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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Turn key restaurants
190 Bakerview Rd, Bellingham, WA 98226-9184
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-3309540
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2009
Total area
9,940 SF
Lot
1.13 ac (49,092 SF)
Zoning code
PCLI
APN
380307 046019 0000
UPID
US90-3309540
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
-
Lilia's Mexican Cuisine Restaurant
-
Barkley Associates LLC Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$852k
Blend (final)
Blend
$700k
Owner & transaction history
One Bellingham LLC · 19 yrs held
One Bellingham LLC
since 2006
6 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
Method
Estimation
Statistic approach
by Request
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$70 / 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
$24,822
Tax year 2021
Assessed value
$3,182,385
Assessed 2022
Previous assessed
$3,182,385
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$1,113,717
Assessed improvement
$2,068,668
Land market value
$1,113,717
Improvement market value
$2,068,668
Total market value
$3,182,385
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2009
Heating
NONE
Cooling
YES
Buildings
2
Total area
9,940 SF
Lot
1.13 ac (49,092 SF)
Zoning code
PCLI
APN
380307 046019 0000
UPID
US90-3309540
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
2009
Heating
NONE
Cooling
Yes
Buildings
2
Lot
1.13 ac
Current owner
From public records · entity-resolved
One Bellingham LLC
Entity
Mailing address
8746 MARY AVE NW STE #2, SEATTLE, WA 98117-3489
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2016
—
One Bellingham LLC
—
Deed
related
$2,261,017 · Foundation Bk
Dec 29, 2006
$1,150,280
One Bellingham LLC
Norman H Chamberlin
Warranty Deed
$862,500 · Executive House INC
Nov 15, 2000
—
Norman H Chamberlin
Charmberlin & Griffith LLC
Quit Claim Deed
related
$689,646 · Whidbey Island Bank
Mar 13, 1997
—
Chamberlin & Griffith LLC
Chamberlin,norman H & Karen E
Quit Claim Deed
related
$805,000 · Bank Of Bellingham
—
—
One Bellingham LLC
—
Deed Of Trust
related
$2,261,017 · Foundation Bk
—
—
Norman H Chamberlin
—
Deed Of Trust
related
$696,484 · Horizon 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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