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Property profile & analytics
OFF-MARKET
Estimated value
$2,700,000
Industrial properties
3155 Mercer Ave Bellingham, WA 98225-8465
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-2840249
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2021
Total area
19,265 SF
Lot
6.95 ac (302,742 SF)
Zoning code
LII
APN
380223 170485 0000
UPID
US90-2840249
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
-
Acme Valley Ice Cream Food Processing Plant Factory
-
HERB’S CIDER Bar & Pub
-
K'UL CHOCOLATE Food Processing Plant Factory
-
Acme ice cream Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.83M
Comparable Approach
Comparable
$3.04M
Blend (final)
Blend
$2.70M
Owner & transaction history
La Mirage Kiffmann LLC · 5 yrs held
La Mirage Kiffmann LLC
since 2020
2 recorded transactions
Zoning & alternative use
LII · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$3.9M
+11.0%
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%
$1,985,000
6.5%
$1,830,000
7%
$1,700,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,500,000
Current use
WAREHOUSE, STORAGE
$3,885,000
Change: +11% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,335,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$2.70M
Range $2.43M – $2.97M · ±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
$140 / 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
$82,393
Tax year 2024
Assessed value
$9,519,654
Assessed 2023
Previous assessed
$7,495,791
+27.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$2,761,353
Assessed improvement
$6,758,301
Land market value
$2,761,353
Improvement market value
$6,758,301
Total market value
$9,519,654
Applied tax rate
1,110.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2021
Heating
NONE
Cooling
YES
Buildings
3
Total area
19,265 SF
Lot
6.95 ac (302,742 SF)
Zoning code
LII
APN
380223 170485 0000
UPID
US90-2840249
Jurisdiction
WHATCOM
Zoning & alternative use
LII · Bellingham, WA
Zoning LII · permitted uses
LII · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.5M
WAREHOUSE, STORAGE
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.3M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
2021
Heating
NONE
Cooling
Yes
Buildings
3
Lot
6.95 ac
Current owner
From public records · entity-resolved
La Mirage Kiffmann LLC
Entity
Free & Clear · 5 yrs held
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2020
—
La Mirage Kiffmann LLC
Dbw Marine Drive LLC
Correction Deed
related
—
Oct 10, 2019
—
La Mirage Kiffmann LLC
La Mirage Kiffmann 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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