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Property profile & analytics
OFF-MARKET
Estimated value
$3,135,000
Investment properties
215 Holly St, Bellingham, WA 98225-4356
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0136929
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1907
Total area
20,586 SF
Lot
0.47 ac (20,473 SF)
Zoning code
CC
APN
380330 115153 0000
UPID
US90-0136929
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
-
FurnaceUSA Heating & Air Conditioning Hardware & Home Improvement HVAC Service
-
Composed by Nicaela, LLC Tutoring Service
-
Evergreen Therapeutic Massage Alternative Medicine Practice Spa & Massage Center
-
Scenic Washington 365 Advertising Agency Marketing & Advertising
-
Mirage Ink Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.02M
Comparable Approach
Comparable
$2.23M
Blend (final)
Blend
$3.14M
Owner & transaction history
Hall Properties LLC · 6 yrs held
Hall Properties LLC
since 2020
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,355,000
6.5%
$4,020,000
7%
$3,730,000
Blend value · Realmo final
$3.14M
Range $2.82M – $3.45M · ±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
$152 / 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
$29,501
Tax year 2021
Assessed value
$3,627,016
Assessed 2022
Previous assessed
$3,627,016
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$992,200
Assessed improvement
$2,634,816
Land market value
$992,200
Improvement market value
$2,634,816
Total market value
$3,627,016
Applied tax rate
109.0000
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
1907
Heating
BASEBOARD
Cooling
YES
Total area
20,586 SF
Lot
0.47 ac (20,473 SF)
Zoning code
CC
APN
380330 115153 0000
UPID
US90-0136929
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
1907
Heating
BASEBOARD
Cooling
Yes
Lot
0.47 ac
Current owner
From public records · entity-resolved
Hall Properties LLC
Entity
Mailing address
1155 N STATE ST STE #620, BELLINGHAM, WA 98225-5024
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2022
—
Hall Properties LLC
—
Deed
related
$3,600,000 · Banner Bank
Jan 22, 2020
—
Hall Properties LLC
Daylight Properties LLC
Warranty Deed
related
—
Oct 5, 2018
—
Daylight Properties LLC
—
Deed
related
$3,575,000 · Skagit Bk
Nov 27, 2007
—
Daylight Properties LLC
Hall,robert K
Warranty Deed
—
Aug 13, 2003
—
Robert K Hall
Bellingham Hardware Building
Quit Claim Deed
related
—
Jul 15, 1999
$1,100,000
Hardware Building Bellingham
1220 Bay St Buildings Assn
Grant Deed
$880,000 · Whatcom State Bank
—
—
Daylight Properties LLC
—
Deed Of Trust
related
$1,500,000 · Standard Insurance Co
—
—
Robert K Hall
—
Deed Of Trust
related
$274,041 · Frontier Bank
—
—
Hardware Building Bellingham
—
Deed Of Trust
related
$1,224,000 · Frontier Bank
—
—
Daylight Properties LLC
—
Deed Of Trust
related
$3,575,000 · Skagit Bk
—
—
Robert K Hall
—
Deed Of Trust
related
$383,537 · Frontier Bank
—
—
Robert K Hall
—
Deed Of Trust
related
$407,312 · Ds Ents LLC
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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