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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Investment properties
2110 Iron St, Bellingham, WA 98225-4123
Entity Owned
4-yr Hold
Absentee Owner
Property ID
US90-1924093
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1905
Total area
2,746 SF
Lot
0.23 ac (10,001 SF)
Zoning code
LI
APN
380330 522470 0000
UPID
US90-1924093
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
-
Jayme D. Fergoda, LICSW Medical Clinic
-
Awen Bodywork Alternative Medicine Practice Spa & Massage Center
-
MiddlePath Counseling Counselor
-
Nung Dorcas Family Counselor Doctor
-
De Roche Krista Family Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$930k
CAP Approach
CAP
$535k
Comparable Approach
Comparable
$586k
Blend (final)
Blend
$795k
Owner & transaction history
Jlhh Properties LLC · 4 yrs held
Jlhh Properties LLC
since 2022
Last sale
$850,000
6 recorded transactions
Zoning & alternative use
LI · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$945,000
+23.5%
Medical building
$850,000
+11.6%
Retail stores
$805,000
+5.5%
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
$1,020,000
ML approach
$930,000
CAP Approach
CAP Return
Estimation
6%
$580,000
6.5%
$535,000
7%
$500,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$765,000
Current use
OFFICE BUILDING
$945,000
Change: +24% · Conversion: Easy
MEDICAL BUILDING
$850,000
Change: +12% · Conversion: Easy
RETAIL STORES
$805,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $850k (Mar 31 2022)
Last sale anchor
$850k
Mar 31 2022
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
$290 / 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
$7,541
Tax year 2024
Assessed value
$969,866
Assessed 2023
Previous assessed
$873,753
+11.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$392,274
Assessed improvement
$577,592
Land market value
$392,274
Improvement market value
$577,592
Total market value
$969,866
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
1905
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
2
Total area
2,746 SF
Lot
0.23 ac (10,001 SF)
Zoning code
LI
APN
380330 522470 0000
UPID
US90-1924093
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
COMMERCIAL (GENERAL) Current
Est. value
$765,000
OFFICE BUILDING
Est. value
$945,000
MEDICAL BUILDING
Est. value
$850,000
RETAIL STORES
Est. value
$805,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1905
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Jlhh Properties LLC
Entity
Mailing address
814 DONOVAN AVE, BELLINGHAM, WA 98225-7319
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Mar 31, 2022
$850,000
Jlhh Properties LLC
Endless Playhouse LP
Warranty Deed
$802,000 · Pacific Western National Bank
May 11, 2016
—
Endless Playhouse LLC
—
Deed
related
$252,000 · Northwest Busn Dev Assn
Apr 4, 2016
$607,000
Endless Playhouse LLC
Isre LLC
Warranty Deed
$304,500 · Peoples Bk
Jan 15, 2008
$475,000
Evan Freedman
Wallace,james W & Betty L
Warranty Deed
—
Jan 15, 2008
—
Isre LLC
Freedman,evan & Heather
Quit Claim Deed
related
—
—
—
Endless Playhouse LLC
—
Deed Of Trust
related
$252,000 · Northwest Busn Dev Assn
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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