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Property profile & analytics
OFF-MARKET
Medical Office Space
2000 Broadway Bellingham, WA 98225-3216
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1711368
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1948
Total area
2,016 SF
Lot
0.12 ac (5,306 SF)
Zoning code
NC5B
APN
380319 012019 0000
UPID
US90-1711368
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
-
Michael A. Sherwin, DPM Physician
-
Family Foot Care Bellingham Physician
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
Tsimouris Holdings Bellingham 1 LLC · 4 yrs held
Tsimouris Holdings Bellingham 1 LLC
since 2021
5 recorded transactions
Zoning & alternative use
NC5B · 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 2021Property tax & assessments
Tax year 2021
Tax billed
$3,770
Tax year 2021
Assessed value
$436,738
Assessed 2022
Previous assessed
$436,738
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$272,147
Assessed improvement
$164,591
Land market value
$272,147
Improvement market value
$164,591
Total market value
$436,738
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
1948
Heating
NONE
Total area
2,016 SF
Lot
0.12 ac (5,306 SF)
Zoning code
NC5B
APN
380319 012019 0000
UPID
US90-1711368
Jurisdiction
WHATCOM
Zoning & alternative use
NC5B · Bellingham, WAZoning NC5B · permitted uses
NC5B · 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
1948
Heating
NONE
Lot
0.12 ac
Current owner
From public records · entity-resolved
Tsimouris Holdings Bellingham 1 LLC
Entity
Mailing address
318 HIGHLAND DR, BELLINGHAM, WA 98225-5416
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2023
—
Tsimouris Holdings Bellingham 1 LLC
—
Deed
related
$152,884 · Peoples Bank
Sep 2, 2021
—
Tsimouris Holdings Bellingham 1 LLC
Konstantinos E Tsimouris
Intrafamily Transfer
related
—
—
—
Konstantinos E Tsimouris
—
Deed Of Trust
related
$288,791 · Individual
—
—
Konstantinos Tsimouris
—
Deed Of Trust
related
$232,500 · Peoples Bank & Trust
—
—
Konstantinos E Tsimouris
—
Deed Of Trust
related
$160,000 · 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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