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Property profile & analytics
OFF-MARKET
Estimated value
$12,800,000
Grocery and convenience stores
210 36th St, Bellingham, WA 98225-6540
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0963269
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1992
Total area
54,260 SF
Lot
3.64 ac (158,558 SF)
Zoning code
PC
APN
380331 397030 0000
UPID
US90-0963269
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
-
Haggen Grocery & Convenience Store Food Market
-
Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
-
Tulley's Sehome Village Shopping Center & Mall
-
Primo Water Refill Big Box & Wholesale Store
-
Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.41M
CAP Approach
CAP
$9.96M
Comparable Approach
Comparable
$13.36M
Blend (final)
Blend
$12.80M
Owner & transaction history
Nnn Opp Owner Vi LLC · 5 yrs held
Nnn Opp Owner Vi LLC
since 2021
Last sale
$13.7M
7 recorded transactions
Zoning & alternative use
PC · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$21.3M
+33.8%
Office building
$18.6M
+17.1%
Medical building
$16.8M
+5.7%
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
$15,600,000
ML approach
$10,410,000
CAP Approach
CAP Return
Estimation
6%
$10,790,000
6.5%
$9,960,000
7%
$9,250,000
Alternative Use
Use
Estimation
RETAIL STORES
$15,915,000
Current use
RESTAURANT
$21,295,000
Change: +34% · Conversion: Easy
OFFICE BUILDING
$18,630,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$16,830,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$15,080,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$12.80M
Range $11.52M – $14.08M · ±10% · vs last sale $13.73M (Jan 12 2021)
Last sale anchor
$13.73M
Jan 12 2021
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
$236 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$77,817
Tax year 2024
Assessed value
$10,008,580
Assessed 2023
Previous assessed
$11,538,922
-13.3% YoY
Effective rate
0.78%
On assessed value
Assessed land
$3,111,932
Assessed improvement
$6,896,648
Land market value
$3,111,932
Improvement market value
$6,896,648
Total market value
$10,008,580
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
1992
Heating
YES
Cooling
YES
Total area
54,260 SF
Lot
3.64 ac (158,558 SF)
Zoning code
PC
APN
380331 397030 0000
UPID
US90-0963269
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$15.9M
RESTAURANT
Est. value
$21.3M
OFFICE BUILDING
Est. value
$18.6M
MEDICAL BUILDING
Est. value
$16.8M
COMMERCIAL (GENERAL)
Est. value
$15.1M
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1992
Heating
YES
Cooling
Yes
Lot
3.64 ac
Current owner
From public records · entity-resolved
Nnn Opp Owner Vi LLC
Entity
Mailing address
5973 AVENIDA ENCINAS STE #301, CARLSBAD, CA 92008-4479
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2021
—
Nnn Opp Owner Vi LLC
Mgp X Properties LLC
Grant Deed
$65,000,000 · Athene Annuity & Life Co
Dec 27, 2013
—
Mgp X Properties LLC
Mgp X Reit LLC
Quit Claim Deed
—
Oct 26, 2012
$9,192,833
Mgp X Reit LLC
Briar Dev Co LLP
Warranty Deed
—
Dec 23, 2003
—
Briar Development Co LLP
—
Deed Of Trust
related
$7,920,000 · Bank Of America
Oct 1, 1999
—
Briar Development
—
Deed Of Trust
related
$1,225,000 · Seafirst Bank
—
—
Haggen INC
—
Deed Of Trust
related
—
—
—
Haggen INC
—
Deed Of Trust
related
—
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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