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Property profile & analytics
OFF-MARKET
Schools
3399 Alderwood Ave Bellingham, WA 98225-1101
Entity Owned
17-yr Hold
Free & Clear
Property ID
US90-1440216
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1998
Total area
18,425 SF
Lot
0.6 ac (26,136 SF)
Zoning code
URM6
APN
380214 136121 0000
UPID
US90-1440216
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Arc Of Whatcom County · 17 yrs held
Arc Of Whatcom County
since 2008
5 recorded transactions
Zoning & alternative use
URM6 · 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 2023Property tax & assessments
Tax year 2023
Assessed value
$1,338,968
Assessed 2022
Previous assessed
$1,106,585
+21.0% YoY
Assessed land
$145,200
Assessed improvement
$1,193,768
Land market value
$145,200
Improvement market value
$1,193,768
Total market value
$1,338,968
Applied tax rate
1,105.0000
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1998
Heating
NONE
Cooling
YES
Total area
18,425 SF
Lot
0.6 ac (26,136 SF)
Zoning code
URM6
APN
380214 136121 0000
UPID
US90-1440216
Jurisdiction
WHATCOM
Zoning & alternative use
URM6 · Bellingham, WA
Zoning URM6 · permitted uses
URM6 · 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
1998
Heating
NONE
Cooling
Yes
Lot
0.6 ac
Current owner
From public records · entity-resolved
Arc Of Whatcom County
Entity
Free & Clear · 17 yrs held
Mailing address
2602 MCLEOD RD, BELLINGHAM, WA 98225-1368
Ownership since
2008
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
Feb 9, 2017
—
Arc Of Whatcom County
—
Deed
related
$100,000 · Heritage Bk
Sep 16, 2008
—
Arc Of Whatcom County
Whatcom Assn Of Training Ctrs INC
Quit Claim Deed
—
May 1, 2006
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Nov 30, 2005
—
Whatcom Assn Of Training Ctr INC
Whatcom County
Quit Claim Deed
related
—
—
—
Arc Of Whatcom County
—
Deed Of Trust
related
$100,000 · Heritage Bk
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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