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Property profile & analytics
OFF-MARKET
Estimated value
$2,230,000
Retail space
200 Bellis Fair Pkwy Bellingham, WA 98226-6408
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-3058893
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1995
Total area
19,543 SF
Lot
2.16 ac (94,090 SF)
Zoning code
PC
APN
380318 065450 0000
UPID
US90-3058893
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
-
Carpet Liquidators Carpet & Flooring Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.23M
Owner & transaction history
Carpet Liquidators Real Estate LLC · 12 yrs held
Carpet Liquidators Real Estate LLC
since 2013
7 recorded transactions
Zoning & alternative use
PC · 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
$114 / 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
$22,060
Tax year 2021
Assessed value
$2,785,672
Assessed 2022
Previous assessed
$2,785,672
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$1,669,572
Assessed improvement
$1,116,100
Land market value
$1,669,572
Improvement market value
$1,116,100
Total market value
$2,785,672
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1995
Heating
NONE
Cooling
YES
Total area
19,543 SF
Lot
2.16 ac (94,090 SF)
Zoning code
PC
APN
380318 065450 0000
UPID
US90-3058893
Jurisdiction
WHATCOM
Zoning & alternative use
PC · Bellingham, WA
Zoning PC · permitted uses
PC · 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
1995
Heating
NONE
Cooling
Yes
Lot
2.16 ac
Current owner
From public records · entity-resolved
Carpet Liquidators Real Estate LLC
Entity
Mailing address
4400 4TH AVE S, SEATTLE, WA 98134-2355
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2022
—
Carpet Liquidators Real Estate LLC
—
Deed
related
$2,160,000 · Columbia State Bank
Mar 22, 2018
—
Caret Liuidators R & E LLC
—
Deed
related
$1,660,000 · Keybank USA
Aug 7, 2013
$1,700,280
Carpet Liquidators Real Estate LLC
National Retail Properties INC
Special Warranty Deed
$1,275,000 · Wells Fargo Bank NA
Nov 25, 2009
$1,200,000
National Retail Props INC
Sheriff Of Whatcom County
Trustees Deed
related
—
Oct 7, 2003
$4,217,320
Naim Bernaba
Commercial Net Lease Realty
Grant Deed
$2,605,000 · Commercial Net Lease Realty
Jul 2, 1998
$3,955,555
Commercial Net Lease Realty
Sumitomo Bank Leasing & Financ
Grant Deed
—
—
—
Caret Liuidators R & E LLC
—
Deed Of Trust
related
$1,660,000 · Keybank USA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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