Back to Search
Property profile & analytics
OFF-MARKET
Grocery and convenience stores
2612 Maplewood Ave Bellingham, WA 98225-1203
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-3341992
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1934
Total area
1,770 SF
Lot
0.25 ac (10,729 SF)
Zoning code
PC
APN
380213 230032 0000
UPID
US90-3341992
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
-
Netos Market & Bakery Restaurant
-
La Gloria Market Grocery & Convenience Store Food Market
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
Petra Apreza · 8 yrs held
Petra Apreza
since 2017
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
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
$4,347
Tax year 2021
Assessed value
$476,130
Assessed 2022
Previous assessed
$476,130
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$298,695
Assessed improvement
$177,435
Land market value
$298,695
Improvement market value
$177,435
Total market value
$476,130
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1934
Heating
NONE
Cooling
YES
Total area
1,770 SF
Lot
0.25 ac (10,729 SF)
Zoning code
PC
APN
380213 230032 0000
UPID
US90-3341992
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
1934
Heating
NONE
Cooling
Yes
Lot
0.25 ac
Current owner
From public records · entity-resolved
Petra Apreza
Individual
Mailing address
4140 MERIDIAN ST STE #100, BELLINGHAM, WA 98226-5576
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2017
$315,000
Petra Apreza
Hair Hut INC
Warranty Deed
$215,000 · Donna K Rowell
Jan 9, 2017
—
Petra Apreza
—
Deed
related
$1,020,000 · Open Bk
Oct 4, 2016
—
Petra Apreza
—
Deed
related
$270,000 · Open Bk
Aug 15, 2016
—
Petra Apreza
Garcia-apreza,ernesto
Quit Claim Deed
related
—
May 7, 2007
$415,750
Ernesto Apreza
Sefati,mohammad
Warranty Deed
$291,025 · Interbay Funding LLC
Sep 15, 2003
$127,974
Mohammad Sefati
Powers,les
Grant Deed
$110,000 · Edward F & Luella Powers
—
—
Petra Apreza
—
Deed Of Trust
related
$1,020,000 · Open Bk
—
—
Petra Apreza
—
Deed Of Trust
related
$295,000 · Open Bk
—
—
Petra Apreza
—
Deed Of Trust
related
$990,000 · Open Bk
—
—
Petra Apreza
—
Deed Of Trust
related
$270,000 · Open Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2612 Maplewood Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
