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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Warehouses
2106 Pacific St Bellingham, WA 98229-5894
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-3303588
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Total area
7,080 SF
Lot
0.23 ac (10,158 SF)
Zoning code
LI
APN
380329 212465 0000
UPID
US90-3303588
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
-
The Lost Co (Bike/Boat/Book/etc) Store
-
Young's Market Company Big Box & Wholesale Store Distribution Center
-
Alchemy Bike Shop (Bike/Boat/Book/etc) Store
-
Lost-Bikes Global HQ Corporate Office
-
Dig Deep Tours Tour Operator (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$815k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$815k
Owner & transaction history
Good Sisters LLC · 7 yrs held
Good Sisters LLC
since 2019
7 recorded transactions
Zoning & alternative use
LI · 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%
$885,000
6.5%
$815,000
7%
$760,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,285,000
Change: -10% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,225,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$815k
Range $734k – $897k · ±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
$115 / 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
$7,175
Tax year 2021
Assessed value
$845,731
Assessed 2022
Previous assessed
$845,731
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$377,139
Assessed improvement
$468,592
Land market value
$377,139
Improvement market value
$468,592
Total market value
$845,731
Applied tax rate
100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Heating
SPACE
Cooling
YES
Total area
7,080 SF
Lot
0.23 ac (10,158 SF)
Zoning code
LI
APN
380329 212465 0000
UPID
US90-3303588
Jurisdiction
WHATCOM
Zoning & alternative use
LI · Bellingham, WA
Zoning LI · permitted uses
LI · 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
INDUSTRIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1978
Heating
SPACE
Cooling
Yes
Lot
0.23 ac
Current owner
From public records · entity-resolved
Good Sisters LLC
Entity
Mailing address
1219 NE 107TH ST, SEATTLE, WA 98125-6409
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2019
—
Good Sisters LLC
Williams,ruth A & Rachel E
Quit Claim Deed
related
—
Jan 11, 2017
—
Ruth A Williams
Mccall,donald C
Quit Claim Deed
related
—
Jan 11, 2017
$780,000
Ruth A Williams
Shamrock Properties LLC
Warranty Deed
$300,000 · North Coast Cu
Aug 2, 2007
$1,675,000
Coleman Family Living Trust
Sucia Bay Dev LLC
Warranty Deed
$200,000 · Sucia Bay Dev LLC
May 7, 2002
—
Shamrock Properties LLC
C & W Corp
Grant Deed
related
—
Apr 1, 2002
$362,092
C & W Corp
Cooper,joan
Grant Deed
$292,917 · Bank Of The Northwest
—
—
Shamrock Properties LLC
—
Deed Of Trust
related
$75,000 · North Coast Cu
—
—
Shamrock Properties LLC
—
Deed Of Trust
related
$228,602 · Bank Of The Northwest
—
—
Shamrock Properties LLC
—
Deed Of Trust
related
$22,000 · Bank Of The Northwest
—
—
Shamrock Properties LLC
—
Deed Of Trust
related
$32,500 · Bank Of Pacific
—
—
Shamrock Properties LLC
—
Deed Of Trust
related
$400,000 · Business 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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