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Property profile & analytics
OFF-MARKET
Estimated value
$9,265,000
Grocery and convenience stores
2825 Roeder Ave, Bellingham, WA 98225-2053
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US90-0956726
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1946
Total area
44,143 SF
Zoning code
I
APN
380225 125440 0104
UPID
US90-0956726
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
-
Trident Seafoods Corporation Take-out & Catering Fish Market
-
Fish King-Bellingham Take-out & Catering Fish Market
-
Fat-Cat Fish (Bike/Boat/Book/etc) Store Pet Store
-
Icy Strait Seafoods, Inc. Take-out & Catering Fish Market
-
Bellingham Cold Storage Storage Facility Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.11M
Comparable Approach
Comparable
$10.39M
Blend (final)
Blend
$9.27M
Owner & transaction history
Gourmet Cuisine INC
Gourmet Cuisine INC
1 recorded transaction
Zoning & alternative use
I · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$15.2M
+17.1%
Medical building
$13.7M
+5.7%
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%
$8,780,000
6.5%
$8,105,000
7%
$7,525,000
Alternative Use
Use
Estimation
RETAIL STORES
$12,950,000
Current use
OFFICE BUILDING
$15,155,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$13,690,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,270,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$9.27M
Range $8.34M – $10.19M · ±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
$210 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$192,167
Tax year 2024
Assessed value
$24,715,971
Assessed 2023
Previous assessed
$24,715,971
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed improvement
$24,715,971
Improvement market value
$24,715,971
Total market value
$24,715,971
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
1946
Heating
NONE
Cooling
YES
Buildings
7
Total area
44,143 SF
Zoning code
I
APN
380225 125440 0104
UPID
US90-0956726
Jurisdiction
WHATCOM
Zoning & alternative use
I · Bellingham, WA
Zoning I · permitted uses
I · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$13.0M
OFFICE BUILDING
Est. value
$15.2M
MEDICAL BUILDING
Est. value
$13.7M
COMMERCIAL (GENERAL)
Est. value
$12.3M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
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
1946
Heating
NONE
Cooling
Yes
Buildings
7
Current owner
From public records · entity-resolved
Gourmet Cuisine INC
Entity
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Gourmet Cuisine INC
—
Deed Of Trust
related
$1,950,000 · Washington Mutual Fsb
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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