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Property profile & analytics
OFF-MARKET
Estimated value
$8,330,000
Grocery and convenience stores
2900 Woburn St Bellingham, WA 98226-3865
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US90-0878797
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1995
Total area
59,714 SF
Lot
4.49 ac (195,454 SF)
Zoning code
PICR
APN
380320 533338 0000
UPID
US90-0878797
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
-
Coinstar Kiosk | Bitcoin ATM Currency Exchange Service Kiosk
-
Barkley Village Business Service Center Corporate Office
-
Primo Water Refill Big Box & Wholesale Store
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
BECU ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.96M
Comparable Approach
Comparable
$5.28M
Blend (final)
Blend
$8.33M
Owner & transaction history
Kevin Harbine
Kevin Harbine
4 recorded transactions
Zoning & alternative use
PICR · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,875,000
6.5%
$10,960,000
7%
$10,180,000
Blend value · Realmo final
$8.33M
Range $7.50M – $9.16M · ±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
$139 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$71,192
Tax year 2021
Assessed value
$12,342,565
Assessed 2022
Previous assessed
$12,342,565
+0.0% YoY
Effective rate
0.58%
On assessed value
Assessed land
$2,433,382
Assessed improvement
$9,909,183
Land market value
$2,433,382
Improvement market value
$9,909,183
Total market value
$12,342,565
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
1995
Heating
NONE
Cooling
YES
Total area
59,714 SF
Lot
4.49 ac (195,454 SF)
Zoning code
PICR
APN
380320 533338 0000
UPID
US90-0878797
Jurisdiction
WHATCOM
Zoning & alternative use
PICR · Bellingham, WA
Zoning PICR · permitted uses
PICR · 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
1995
Heating
NONE
Cooling
Yes
Lot
4.49 ac
Current owner
From public records · entity-resolved
Kevin Harbine
Individual
Mailing address
2219 RIMLAND DR STE #115, BELLINGHAM, WA 98226-8661
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Kevin Harbine
—
Deed Of Trust
related
$184,000 · Washington Mutual Fsb
—
—
Haggen INC
—
Deed Of Trust
related
—
—
—
Barkley Village Partners LLP
—
Deed Of Trust
related
$11,100,000 · Whidbey Island Bank
—
—
Haggen INC
—
Deed Of Trust
related
—
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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