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Property profile & analytics
OFF-MARKET
Estimated value
$1,710,000
Banks
2900 Meridian St, Bellingham, WA 98225-1711
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0138562
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1977
Total area
3,600 SF
Lot
0.34 ac (15,002 SF)
Zoning code
CC
APN
380319 007318 0000
UPID
US90-0138562
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
-
Toni Miller @ Weichert Realtors Vanson Associates Real Estate Agency
-
MMRA Real Estate Management Real Estate Agency
-
Security First Mortgage Inc Loan Service Bank
-
Michelle DeKoekkoek Weichert, Realtor Real Estate Agency
-
Bridget Cantrell, Weichert Realtors Vanson Assoc Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.71M
Owner & transaction history
Victoria Family LP · 4 yrs held
Victoria Family LP
since 2021
Last sale
$1.6M
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
Method
Estimation
Statistic approach
$1,815,000
ML approach
$1,820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.71M
Range $1.54M – $1.88M · ±10% · vs last sale $1.60M (Aug 6 2021)
Last sale anchor
$1.60M
Aug 6 2021
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
$475 / 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
$8,413
Tax year 2024
Assessed value
$1,082,022
Assessed 2023
Previous assessed
$974,795
+11.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$607,392
Assessed improvement
$474,630
Land market value
$607,392
Improvement market value
$474,630
Total market value
$1,082,022
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1977
Heating
NONE
Cooling
YES
Total area
3,600 SF
Lot
0.34 ac (15,002 SF)
Zoning code
CC
APN
380319 007318 0000
UPID
US90-0138562
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
1977
Heating
NONE
Cooling
Yes
Lot
0.34 ac
Current owner
From public records · entity-resolved
Victoria Family LP
Entity
Mailing address
4617 RUFFNER ST, SAN DIEGO, CA 92111-2285
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2021
$1,600,000
Victoria Family LP
Ten Forward Holdings LLC
Warranty Deed
—
Jan 2, 2018
$899,000
Ten Forward Holdings LLC
Bellingham Central LLC
Warranty Deed
related
$699,500 · Skagit Bk
Jul 29, 2016
—
Bellingham Central LLC
—
Deed
related
$250,000 · First Fed'l S&l/port Angeles
Jul 20, 2011
$458,248
Bellingham Central LLC
Cross,mark & Lynn
Quit Claim Deed
related
—
Jun 30, 1998
$430,000
Mark Cross
Preferred Pension INC
Grant Deed
$430,000 · Bank Of Bellingham
Jan 13, 1997
—
Sharon Griemsmann
Skagit State Bank
Quit Claim Deed
related
—
Dec 11, 1996
$385,000
Preferred Pension Consultants
Griemsmann,sharon
Grant Deed
$317,000 · Bank Of Bellingham
—
—
Preferred Pension Consultants
—
Deed Of Trust
related
$100,000 · Bank Of Bellingham
—
—
Bellingham Central LLC
—
Deed Of Trust
related
$250,000 · First Fed'l S&l/port Angeles
—
—
Mark A Cross
—
Deed Of Trust
related
$362,000 · Horizon 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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