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Property profile & analytics
OFF-MARKET
Estimated value
$1,865,000
Medical Office Space
200 Westerly Rd Bellingham, WA 98226-6467
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-0405465
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1987
Total area
15,000 SF
Lot
1.43 ac (62,117 SF)
Zoning code
PC
APN
380212 485093 0000
UPID
US90-0405465
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
-
Northwest Oral & Maxillofacial Surgery Dental Office
-
Ashoka Subedar DMD Dental Office
-
Bellingham Retina Specialists Medical Clinic Ophthalmologist
-
Subong Eric N MD Ophthalmologist
-
Belle Medical Aesthetics Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.87M
Owner & transaction history
Cranberry 6 LLC · 9 yrs held
Cranberry 6 LLC
since 2017
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,455,000
6.5%
$2,265,000
7%
$2,105,000
Blend value · Realmo final
$1.87M
Range $1.68M – $2.05M · ±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
$124 / 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
$21,769
Tax year 2021
Assessed value
$3,481,695
Assessed 2022
Previous assessed
$3,481,695
+0.0% YoY
Effective rate
0.63%
On assessed value
Assessed land
$1,202,779
Assessed improvement
$2,278,916
Land market value
$1,202,779
Improvement market value
$2,278,916
Total market value
$3,481,695
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1987
Heating
FORCED AIR
Cooling
YES
Total area
15,000 SF
Lot
1.43 ac (62,117 SF)
Zoning code
PC
APN
380212 485093 0000
UPID
US90-0405465
Jurisdiction
WHATCOM
Zoning & alternative use
PC · Bellingham, WAZoning PC · permitted uses
PC · Bellingham, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1987
Heating
FORCED AIR
Cooling
Yes
Lot
1.43 ac
Current owner
From public records · entity-resolved
Cranberry 6 LLC
Entity
Mailing address
200 WESTERLY RD, BELLINGHAM, WA 98226-6467
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2021
—
Cranberry 6 LLC
—
Deed
related
$3,400,000 · Heritage Southeast Bank
Feb 6, 2017
—
Cranberry 6 LLC
Subedar,ashoka
Quit Claim Deed
related
—
Dec 13, 2016
—
Cranberry 6 LLC
Subedar,ashoka
Quit Claim Deed
related
$3,643,200 · Wells Fargo Bk
Dec 6, 2016
—
Eric Subong
Ghemires,mounia
Quit Claim Deed
related
—
Feb 1, 2016
$1,960,000
Ashoka Subedar
Bakker Corry A Trust
Warranty Deed
$1,470,000 · Wells Fargo Bk
Jan 21, 2005
$1,264,589
Corry A Bakker
Kcd Investments LLC
Warranty Deed
$999,999 · Us Bank NA
Nov 15, 2004
—
City Of Bellingham
Kcd Investments LLC
Warranty Deed
related
—
Jan 6, 2004
—
Kcd Investments LLC
Roberts,michael F & Barbara A
Quit Claim Deed
related
—
May 30, 1997
$1,115,000
Michael F Roberts
Syre,david R & Kay E
Grant Deed
—
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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