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Property profile & analytics
OFF-MARKET
Estimated value
$2,110,000
Medical Office Space
220 Unity St Bellingham, WA 98225-4420
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-0400559
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1965
Total area
9,985 SF
Lot
0.46 ac (19,937 SF)
Zoning code
CC
APN
380330 241304 0000
UPID
US90-0400559
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
-
Hora Rebecca L DDS Dental Office
-
Dr. Carrie A. Shane, DDS Dental Office
-
Dr. Laura M. Schoening Howrey, DDS Dental Office
-
Dr. Emel Agan, DDS Dental Office
-
Unity Care NW - Bellingham Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.51M
Comparable Approach
Comparable
$2.25M
Blend (final)
Blend
$2.11M
Owner & transaction history
Unity Care Northwest · 10 yrs held
Unity Care Northwest
since 2015
7 recorded transactions
Zoning & alternative use
CC · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.4M
+10.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,635,000
6.5%
$1,510,000
7%
$1,400,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,095,000
Current use
OFFICE BUILDING
$3,430,000
Change: +11% · Conversion: Easy
RETAIL STORES
$2,930,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,775,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$2.11M
Range $1.90M – $2.32M · ±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
$211 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$3,805,952
Assessed 2022
Previous assessed
$3,338,555
+14.0% YoY
Assessed land
$909,218
Assessed improvement
$2,896,734
Land market value
$909,218
Improvement market value
$2,896,734
Total market value
$3,805,952
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1965
Heating
HEAT PUMP
Cooling
YES
Total area
9,985 SF
Lot
0.46 ac (19,937 SF)
Zoning code
CC
APN
380330 241304 0000
UPID
US90-0400559
Jurisdiction
WHATCOM
Zoning & alternative use
CC · Bellingham, WAZoning CC · permitted uses
CC · Bellingham, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.1M
OFFICE BUILDING
Est. value
$3.4M
RETAIL STORES
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.8M
MEDICAL BUILDING Current
OFFICE BUILDING
RETAIL STORES
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
1965
Heating
HEAT PUMP
Cooling
Yes
Lot
0.46 ac
Current owner
From public records · entity-resolved
Unity Care Northwest
Individual
Mailing address
1616 CORNWALL AVE STE #205, BELLINGHAM, WA 98225-4642
Ownership since
2015
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
Jun 21, 2018
—
Unity Care Northwest
—
Loan Modification
related
$2,000,000 · Umpqua Bk
Dec 22, 2015
—
Unity Care Northwest
Unity Care Northwest
Quit Claim Deed
related
—
Jan 11, 2013
—
Interfaith Community Health Ce
—
Deed Of Trust
related
$4,300,000 · Sterling Bank
Oct 28, 2009
$4,510,280
Interfaith Cmnty Health Ctr
Kang,parmjit S & Kanwaljit K
Warranty Deed
$3,400,000 · Washington Health Care Facilit
Oct 28, 2009
—
Parmjit S Kang
Kk Ventures LLC
Quit Claim Deed
related
—
Oct 2, 2009
—
Kk Ventures LLC
Kang,parmjit S & Kanwaljit K
Quit Claim Deed
related
—
—
—
Parmjit S Kang
—
Deed Of Trust
related
$470,000 · Banner Bank
—
—
Parmjit S Kang
—
Deed Of Trust
related
$21,000 · Banner Bank
—
—
Parmjit S Kang
—
Deed Of Trust
related
$50,000 · Philegacy LLC
—
—
Parmjit S Kang
—
Deed Of Trust
related
$760,000 · Argent Financial INC
—
—
Parmijit S Kang
—
Deed Of Trust
related
$65,000 · Banner Bank
—
—
Parmjit S Kang
—
Deed Of Trust
related
$950,000 · Philegacy 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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