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Property profile & analytics
OFF-MARKET
Estimated value
$3,815,000
Medical Office Space
3628 Meridian St Bellingham, WA 98225-1735
Individually Owned
Absentee Owner
Free & Clear
Property ID
US90-0113307
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1986
Total area
16,154 SF
Lot
2.1 ac (91,607 SF)
Zoning code
PCNR35
APN
380318 019175 0000
UPID
US90-0113307
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
-
Dr. Lance Vander Giessen Dental Office
-
Ryan Wynne DDS MSD Dental Office
-
Shoff Orthodontics Dental Office
-
Pratten Don DDS Dental Office
-
Megan Abdo Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.01M
Blend (final)
Blend
$3.82M
Owner & transaction history
Laura Howrey Dds PLLC
Laura Howrey Dds PLLC
since 2025
7 recorded transactions
Zoning & alternative use
PCNR35 · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.3M
+26.5%
Office building
$5.5M
+10.7%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,010,000
Current use
RESTAURANT
$6,340,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$5,545,000
Change: +11% · Conversion: Easy
RETAIL STORES
$4,740,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,490,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$3.82M
Range $3.43M – $4.20M · ±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
$236 / 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
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1986
Heating
NONE
Cooling
YES
Total area
16,154 SF
Lot
2.1 ac (91,607 SF)
Zoning code
PCNR35
APN
380318 019175 0000
UPID
US90-0113307
Jurisdiction
WHATCOM
Zoning & alternative use
PCNR35 · Bellingham, WA
Zoning PCNR35 · permitted uses
PCNR35 · 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
MEDICAL BUILDING Current
Est. value
$5.0M
RESTAURANT
Est. value
$6.3M
OFFICE BUILDING
Est. value
$5.5M
RETAIL STORES
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$4.5M
MEDICAL BUILDING Current
RESTAURANT
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1986
Heating
NONE
Cooling
Yes
Lot
2.1 ac
Current owner
From public records · entity-resolved
Laura Howrey Dds PLLC
Individual
Free & Clear · 0 yrs held
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2025
—
Laura Howrey Dds PLLC
Dental Rental LLC
Deed
—
Dec 26, 2025
—
Dental Rental LLC
—
Deed
related
$204,000 · Northwest Business Development Associati
Sep 29, 2025
$744,853
Privet Drive Realty LLC
Thorp Dental LLC
Warranty Deed
$595,000 · Peoples Bank
Sep 9, 2025
—
Dental Rental LLC
—
Deed
related
$194,250 · Whatcom Educational Cu
Sep 2, 2025
$450,000
Dental Rental LLC
Meridian Dental Building 2a LLC
Warranty Deed
$277,500 · Whatcom Educational Cu
Nov 14, 2024
—
Tetrick Dental Condo LLC
—
Deed
related
—
May 10, 2018
—
Puget Rivers LLC
—
Deed
related
$393,750 · Heritage Bk
Apr 17, 2018
—
Tetrick Dental Condo LLC
—
Deed
related
$375,000 · Skagit Bk
Dec 29, 2017
—
Apollonia LLC
Fairbanks,marcus & Catherine
Quitclaim Deed
related
—
Oct 24, 2017
—
Puget Rivers LLC
Baker,david
Quit Claim Deed
related
—
Sep 6, 2017
—
Tetrick Dental Condo LLC
Tetrick,jill N
Quit Claim Deed
related
$460,000 · Gary M Tetrick
Aug 16, 2017
—
Thorp Dental LLC
Thorp,edwin R
Quit Claim Deed
related
—
Mar 17, 2006
—
Meridian Dental Group
Los Portales
Warranty Deed
—
Dec 23, 2003
—
Los Portales LLC
Meridian Dental Group
Grant Deed
related
—
—
—
Tetrick Dental Condo LLC
—
Deed Of Trust
related
$460,000 · Gary M Tetrick
—
—
Jorgenson Real Estate LLC
—
Deed Of Trust
related
$480,000 · Richard D Todd
—
—
Meridian Dental Group
—
Deed Of Trust
related
$43,711 · Horizon Bank
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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