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Property profile & analytics
OFF-MARKET
Estimated value
$13,100,000
Residential income homes
223 Bakerview Rd, Bellingham, WA 98226-7757
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1377670
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
2007
Total area
150,532 SF
Lot
6.06 ac (264,191 SF)
Zoning code
PC
APN
380318 111530 0000
UPID
US90-1377670
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
-
Spring Creek by Bonaventure Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.08M
Blend (final)
Blend
$13.10M
Owner & transaction history
Lt Spring Creek LLC · 1 yrs held
Lt Spring Creek LLC
since 2024
7 recorded transactions
Zoning & alternative use
PC · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.10M
Range $11.79M – $14.41M · ±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
$87 / 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
$145,487
Tax year 2021
Assessed value
$25,040,315
Assessed 2022
Previous assessed
$25,040,315
+0.0% YoY
Effective rate
0.58%
On assessed value
Assessed land
$3,196,868
Assessed improvement
$21,843,447
Land market value
$3,196,868
Improvement market value
$21,843,447
Total market value
$25,040,315
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
3
Total area
150,532 SF
Lot
6.06 ac (264,191 SF)
Zoning code
PC
APN
380318 111530 0000
UPID
US90-1377670
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.
Building & site characteristics
From public records
Year built
2007
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
3
Lot
6.06 ac
Current owner
From public records · entity-resolved
Lt Spring Creek LLC
Entity
Mailing address
3425 BOONE RD SE STE #400, SALEM, OR 97317-9336
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2024
—
Lt Spring Creek LLC
Mwsh Belungham LLC
Warranty Deed
—
Jan 31, 2011
—
Mwsh Bellingham LLC
M-dac Farms INC
Grant Deed
—
Dec 22, 2010
$441,750
Mwsh Bellingham LLC
Barna Joint Living Trust
Grant Deed
—
Dec 22, 2010
—
Randy W Barna
Barna,robyn L
Quit Claim Deed
—
Oct 8, 2007
—
Barna W E & F I Living Trust
Barna,william E
Quit Claim Deed
—
Mar 15, 2006
$441,750
William E Barna
Mwsh Bellingham LLC
Grant Deed
$191,749 · Mwsh Bellingham LLC
Mar 15, 2006
$730,000
Freres Lumber Co INC
Mwsh Bellingham LLC
Grant Deed
—
Jan 27, 2006
$210,220
M-dac Farms INC
Mwsh Bellingham LLC
Grant Deed
—
Jan 27, 2006
$290,579
Stephanie G Hagerty
Mwsh Bellingham LLC
Grant Deed
—
May 20, 2005
$658,000
Mwsh Bellingham LLC
Pazaski,ardis J
Warranty Deed
—
May 20, 2005
$672,000
Mwsh Bellingham LLC
Tucker,marylce H
Warranty Deed
—
Mar 16, 2005
—
Ardis J Pazaski
Lefler,marlyce P
Quit Claim Deed
related
—
—
—
Marylce H Tucker
—
Deed Of Trust
related
$123,000 · Peoples Bank & Trust
—
—
Marlyce P Lefler
—
Deed Of Trust
related
$51,000 · Whatcom State Bank
—
—
Mwsh Bellingham LLC
—
Deed Of Trust
related
—
—
—
Marlyce Lefler
—
Deed Of Trust
related
$44,000 · Whatcom State Bank
—
—
Marylyce P Lefler
—
Deed Of Trust
related
$25,000 · Whatcom State 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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