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Property profile & analytics
OFF-MARKET
Community centers
3125 Old Fairhaven Pkwy Bellingham, WA 98225-8266
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US90-3329786
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2019
Total area
71,096 SF
Lot
3.62 ac (157,687 SF)
Zoning code
PC
APN
370307 252499 0000
UPID
US90-3329786
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
-
Michael Skare Physician
-
Rachel Westerfield Pediatrician Medical Clinic
-
Monika Mahal Pediatrician Medical Clinic
-
Dr. Thomas Rand Pediatrician Medical Clinic
-
Lauren Schreffler Physician
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
Fairhaven Plaza LLC
Fairhaven Plaza LLC
since 2026
Last sale
$27.4M
7 recorded transactions
Zoning & alternative use
PC · 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 2021Property tax & assessments
Tax year 2021
Tax billed
$84,214
Tax year 2021
Assessed value
$24,957,833
Assessed 2022
Previous assessed
$24,957,833
+0.0% YoY
Effective rate
0.34%
On assessed value
Assessed land
$3,292,839
Assessed improvement
$21,664,994
Land market value
$3,292,839
Improvement market value
$21,664,994
Total market value
$24,957,833
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2019
Heating
NONE
Cooling
YES
Buildings
4
Total area
71,096 SF
Lot
3.62 ac (157,687 SF)
Zoning code
PC
APN
370307 252499 0000
UPID
US90-3329786
Jurisdiction
WHATCOM
Zoning & alternative use
PC · Bellingham, WA
Zoning PC · permitted uses
PC · 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
2019
Heating
NONE
Cooling
Yes
Buildings
4
Lot
3.62 ac
Current owner
From public records · entity-resolved
Fairhaven Plaza LLC
Entity
Mailing address
821 128TH ST SW, EVERETT, WA 98204-6316
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2026
$27,428,320
Fairhaven Plaza LLC
Landmark Investment Construction In
Warranty Deed
$20,500,000 · Bank Of America NA
Aug 8, 2016
—
Landmark Investment Const INC
—
Deed
related
$4,826,152 · Umpqua Bk
Mar 21, 2012
—
Investment Constructi Landmark
Landmark Investments LLC
Quit Claim Deed
related
—
Oct 28, 2004
$6,475,000
Landmark Investments LLC
Fidalgo Bay Investors LLC
Warranty Deed
$4,532,500 · Umpqua Bk
Jun 21, 2002
$3,455,294
Fidalgo Bay Investors LLC
Albertsons INC
Grant Deed
$3,400,000 · Frontier Bank
Oct 14, 1998
—
Bellingham City (wa)
Albertsons INC
Quit Claim Deed
related
—
—
—
Investment Constructi Landmark
—
Deed Of Trust
related
$10,237,500 · Umpqua Bank
—
—
Landmark Investment Construct
—
Loan Modification
related
$4,573,000 · Umpqua Bk
—
—
Landmark Investment Const INC
—
Loan Modification
related
$4,826,152 · Umpqua Bk
—
—
Landmark Investment Constructi
—
Loan Modification
related
—
—
—
Brown & Cole Stores LLC
—
Deed Of Trust
related
$14,413,500 · General Electric Capital Ttee
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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