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Property profile & analytics
OFF-MARKET
Estimated value
$1,975,000
Specialty properties
2948 James St, Bellingham, WA 98225-2641
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1970552
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1969
Total area
8,890 SF
Lot
1.42 ac (61,855 SF)
Zoning code
RS10.0
APN
380320 008391 0000
UPID
US90-1970552
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.98M
Owner & transaction history
Sunnyland Lofts LLC · 2 yrs held
Sunnyland Lofts LLC
since 2023
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
RS10.0 · 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
Method
Estimation
Statistic approach
$2,075,000
ML approach
$2,130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,865,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$1,445,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,335,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,320,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.98M
Range $1.78M – $2.17M · ±10% · vs last sale $1.85M (Oct 13 2023)
Last sale anchor
$1.85M
Oct 13 2023
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
$222 / 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
$8,218
Tax year 2021
Assessed value
$951,881
Assessed 2022
Previous assessed
$951,881
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$527,757
Assessed improvement
$424,124
Land market value
$527,757
Improvement market value
$424,124
Total market value
$951,881
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
1969
Heating
FORCED AIR
Cooling
AC.FAN COOLING
Total area
8,890 SF
Lot
1.42 ac (61,855 SF)
Zoning code
RS10.0
APN
380320 008391 0000
UPID
US90-1970552
Jurisdiction
WHATCOM
Zoning & alternative use
RS10.0 · Bellingham, WA
Zoning RS10.0 · permitted uses
RS10.0 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1969
Heating
FORCED AIR
Cooling
Yes
Lot
1.42 ac
Current owner
From public records · entity-resolved
Sunnyland Lofts LLC
Entity
Mailing address
1001 E MAPLE ST, BELLINGHAM, WA 98225-5228
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2023
—
Sunnyland Lofts LLC
Jonathan D Hansen
Quit Claim Deed
related
$620,000 · Whatcom Educational Cu
Sep 28, 2023
—
Jonathan D Hansen
Seas Holding LLC
Quit Claim Deed
related
—
Mar 31, 2023
$1,850,000
Seas Holding LLC
James Willson
Warranty Deed
$964,739 · Whatcom Educational Cu
Dec 11, 2020
$600,000
James Willson
Live Oak Numver One INC
Grant Deed
—
Jul 18, 2019
—
Live Oak Number One INC
Weinstein & Riley Ps|funeral Services LLC
Correction Deed
related
—
Jul 2, 2019
$1,021,000
Live Oak Bkg Co
Weinstein & Riley|funeral Services LLC
Trustees Deed
related
—
Jun 15, 2017
—
Funeral Service LLC
Bytnar Properties LLC
Quit Claim Deed
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.
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