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Property profile & analytics
OFF-MARKET
Investment properties
2522 Meridian St, Bellingham, WA 98225-2464
Entity Owned
4-yr Hold
Property ID
US90-2516832
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2020
Total area
7,541 SF
Lot
0.11 ac (4,792 SF)
Zoning code
CC
APN
380319 008119 0000
UPID
US90-2516832
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
-
About Face SkinCare Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tilbury Holdings LLC · 4 yrs held
Tilbury Holdings LLC
since 2021
Last sale
$299,000
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,756
Tax year 2021
Assessed value
$1,058,996
Assessed 2022
Previous assessed
$1,058,996
+0.0% YoY
Effective rate
0.26%
On assessed value
Assessed land
$420,112
Assessed improvement
$638,884
Land market value
$420,112
Improvement market value
$638,884
Total market value
$1,058,996
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
2020
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
7,541 SF
Lot
0.11 ac (4,792 SF)
Zoning code
CC
APN
380319 008119 0000
UPID
US90-2516832
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
2020
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Tilbury Holdings LLC
Entity
Mailing address
1766 GENEVA SHR LN, BELLINGHAM, WA 98229-2628
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2021
—
Tilbury Holdings LLC
224 Meridian LLC
Quit Claim Deed
related
$1,392,000 · Whatcom Educational Cu
Jun 4, 2019
—
2524 Meridian LLC
—
Deed
related
$1,398,750 · Whatcom Educational Cu
Oct 9, 2018
$299,000
2524 Meridian LLC
Ddj Investments LLC
Warranty Deed
—
Feb 13, 2002
—
Ddj Investments LLC
Johnson,dana D & Diana L
Quit Claim Deed
related
—
Apr 12, 2001
$142,516
Dana D Johnson
Dougherty,mable E
Grant Deed
—
—
—
2524 Meridian LLC
—
Deed Of Trust
related
$1,398,750 · Whatcom Educational Cu
—
—
Dana D Johnson
—
Deed Of Trust
related
$122,851 · Peoples Bank & Trust
—
—
Ddj Investments LLC
—
Deed Of Trust
related
$195,000 · Business Bank
—
—
Dana D Johnson
—
Deed Of Trust
related
$442,364 · Peoples Bank & Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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