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Property profile & analytics
OFF-MARKET
Estimated value
$2,900,000
Office buildings
333 Calluna Ct, Bellingham, WA 98226-7363
Individually Owned
2-yr Hold
Free & Clear
Property ID
US90-1095680
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2000
Total area
13,090 SF
Lot
0.59 ac (25,788 SF)
Zoning code
PC
APN
380212 412112 0000
UPID
US90-1095680
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
-
Whatcom Community College Foundation Building Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.01M
Comparable Approach
Comparable
$2.85M
Blend (final)
Blend
$2.90M
Owner & transaction history
Whatcom Cmnty College Brd Of Trse D · 2 yrs held
Whatcom Cmnty College Brd Of Trse D
since 2023
5 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,255,000
6.5%
$3,005,000
7%
$2,790,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,570,000
Current use
MEDICAL BUILDING
$4,060,000
Change: -11% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,920,000
Change: -14% · Conversion: Easy
RETAIL STORES
$3,840,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$2.90M
Range $2.61M – $3.19M · ±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
$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 2023Property tax & assessments
Tax year 2023
Assessed value
$3,146,617
Assessed 2022
Previous assessed
$2,600,510
+21.0% YoY
Assessed land
$561,641
Assessed improvement
$2,584,976
Land market value
$561,641
Improvement market value
$2,584,976
Total market value
$3,146,617
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2000
Heating
NONE
Cooling
YES
Total area
13,090 SF
Lot
0.59 ac (25,788 SF)
Zoning code
PC
APN
380212 412112 0000
UPID
US90-1095680
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$3.9M
RETAIL STORES
Est. value
$3.8M
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
2000
Heating
NONE
Cooling
Yes
Lot
0.59 ac
Current owner
From public records · entity-resolved
Whatcom Cmnty College Brd Of Trse D
Individual
Free & Clear · 2 yrs held
Mailing address
PO BOX 41468, OLYMPIA, WA 98504-1468
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2023
—
Whatcom Cmnty College Brd Of Trse D
Whatcom Community College Foundatio
Lease
—
May 11, 2006
$2,350,280
Whatcom Community College Foundatio
Parkway Plaza
Warranty Deed
$1,076,990 · Peoples Bank
Jan 10, 2003
$85,000
Parkway Plaza LP
Bauleke,ronald & Cynthia
Grant Deed
$90,000 · Peoples Bank & Trust
—
—
Parkway Plaza LP
—
Deed Of Trust
related
$350,000 · Phillip E Multop
—
—
Parkway Plaza LP
—
Deed Of Trust
related
$182,051 · Peoples Bank & Trust
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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