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Property profile & analytics
OFF-MARKET
Estimated value
$3,740,000
Investment properties
202 Holly St, Bellingham, WA 98225-4755
Entity Owned
27-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0129036
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1961
Total area
22,368 SF
Lot
0.51 ac (22,002 SF)
Zoning code
CC
APN
380330 191078 0000
UPID
US90-0129036
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
-
Occam's Razor Barbershop Barber Shop
-
ExposureLeak - Bellingham Photographer Photography Service (Bike/Boat/Book/etc) Store
-
Lammergeier Studio Medical Clinic Skin Care Clinic
-
KPOP Chicken and Beer Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.37M
Comparable Approach
Comparable
$2.81M
Blend (final)
Blend
$3.74M
Owner & transaction history
Ewha INC · 27 yrs held
Ewha INC
since 1999
6 recorded transactions
Zoning & alternative use
CC · 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%
$4,730,000
6.5%
$4,365,000
7%
$4,055,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,215,000
Current use
Blend value · Realmo final
$3.74M
Range $3.37M – $4.11M · ±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
$167 / 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
$36,908
Tax year 2021
Assessed value
$4,563,365
Assessed 2022
Previous assessed
$4,563,365
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$1,276,000
Assessed improvement
$3,287,365
Land market value
$1,276,000
Improvement market value
$3,287,365
Total market value
$4,563,365
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1961
Heating
NONE
Cooling
YES
Total area
22,368 SF
Lot
0.51 ac (22,002 SF)
Zoning code
CC
APN
380330 191078 0000
UPID
US90-0129036
Jurisdiction
WHATCOM
Zoning & alternative use
CC · Bellingham, WA
Zoning CC · permitted uses
CC · 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
COMMERCIAL (GENERAL) Current
Est. value
$6.2M
COMMERCIAL (GENERAL) Current
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
1961
Heating
NONE
Cooling
Yes
Lot
0.51 ac
Current owner
From public records · entity-resolved
Ewha INC
Entity
Mailing address
520 BAYSIDE RD, BELLINGHAM, WA 98225-7806
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
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
Dec 12, 2005
—
Ewha INC
—
Trustees Deed
related
$400,000 · Whidbey Island Bank
Apr 16, 1999
$850,000
Ewha INC
Sam-dhil Enterprises INC
Grant Deed
$900,000 · Peoples Bank & Trust
Feb 26, 1996
$525,000
Sam-dhil Enterprises INC
D A Burtenshaw Estate
Trustees Deed
—
—
—
Sam-dhil Enterprises INC
—
Deed Of Trust
related
$685,000 · Centrum Financial Services INC
—
—
Ewha INC
—
Deed Of Trust
related
$2,642,799 · Whidbey Island Bank
—
—
Ewha INC
—
Deed Of Trust
related
$1,543,000 · 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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