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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
205 Unity St, Bellingham, WA 98225-4464
Entity Owned
19-yr Hold
Absentee Owner
Property ID
US90-0074392
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1940
Total area
1,310 SF
Lot
0.15 ac (6,625 SF)
Zoning code
CC
APN
380330 219252 0000
UPID
US90-0074392
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
-
Bellingham Sundial Mural Resort
-
The Last Supper Mural Tour Operator
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
Lbg Family Properties LLC · 19 yrs held
Lbg Family Properties LLC
since 2006
7 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
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
$9,787
Tax year 2021
Assessed value
$1,153,540
Assessed 2022
Previous assessed
$1,153,540
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$345,825
Assessed improvement
$807,715
Land market value
$345,825
Improvement market value
$807,715
Total market value
$1,153,540
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1940
Heating
NONE
Cooling
AC.FAN COOLING
Buildings
2
Stories
2
Total area
1,310 SF
Lot
0.15 ac (6,625 SF)
Zoning code
CC
APN
380330 219252 0000
UPID
US90-0074392
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.
Building & site characteristics
From public records
Year built
1940
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Lbg Family Properties LLC
Entity
Mailing address
207 UNITY ST, BELLINGHAM, WA 98225-4419
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2025
—
Lbg Family Properties LLC
—
Deed
related
$1,172,111 · Industrial Cu Of Whatcom County
Mar 22, 2022
—
Lbg Family Properties LLC
—
Deed
related
—
Jul 13, 2016
—
Lgb Family Properties LLC
—
Deed
related
$75,000 · Industrial Cu
Jun 19, 2015
—
Lbg Family Properties LLC
—
Trustees Deed
related
$1,190,000 · Industrial Cu
Sep 8, 2006
$975,000
Lbg Family Properties LLC
Jantzen,michael & Susan
Warranty Deed
$775,000 · Michael & Linda S Jantzen
—
—
Lgb Family Properties LLC
—
Deed Of Trust
related
$75,000 · Industrial Cu
—
—
Lbg Family Properties LLC
—
Loan Modification
related
$1,290,000 · Industrial Cu
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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