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Property profile & analytics
OFF-MARKET
Assisted living facilities
2806 Douglas Ave, Bellingham, WA 98225-6930
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US90-0446877
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2011
Total area
9,358 SF
Lot
4.41 ac (192,143 SF)
Zoning code
RS15.0
APN
370306 135204 0000
UPID
US90-0446877
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
-
PeaceHealth Whatcom Hospice House Nursing Home
-
Wright Jamie M Counselor
-
Jaime Wright Counselor
-
Devon Turner Counselor
-
Farmer Lindsay A Counselor
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
Whatcom Hospice Foundation · 16 yrs held
Whatcom Hospice Foundation
since 2009
2 recorded transactions
Zoning & alternative use
RS15.0 · 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 2023Property tax & assessments
Tax year 2023
Assessed value
$3,129,418
Assessed 2022
Previous assessed
$2,586,296
+21.0% YoY
Assessed land
$813,628
Assessed improvement
$2,315,790
Land market value
$813,628
Improvement market value
$2,315,790
Total market value
$3,129,418
Applied tax rate
111.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2011
Heating
YES
Cooling
YES
Buildings
2
Total area
9,358 SF
Lot
4.41 ac (192,143 SF)
Zoning code
RS15.0
APN
370306 135204 0000
UPID
US90-0446877
Jurisdiction
WHATCOM
Zoning & alternative use
RS15.0 · Bellingham, WA
Zoning RS15.0 · permitted uses
RS15.0 · 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
2011
Heating
YES
Cooling
Yes
Buildings
2
Lot
4.41 ac
Current owner
From public records · entity-resolved
Whatcom Hospice Foundation
Individual
Mailing address
2901 SQUALICUM PKWY, BELLINGHAM, WA 98225-1851
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2010
—
Whatcom Hospice Foundation
—
Trustees Deed
related
$1,500,000 · Whatcom Educational Cu
Oct 1, 2009
$2,500,000
Whatcom Hospice Foundation
Corporation Of Catholic Archbisho
Warranty Deed
$1,500,000 · Corporation/catholic Archbisho
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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