Entity Owned Property profile
Verified
Property type
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Year built
1987
Total area
5,840 SF
Zoning code
AO
APN
380215 485341 0001
UPID
US90-3359619
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Freight Service Logistics Company
-
Construction Company
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
$555k
Comparable Approach
Comparable
$659k
Blend (final)
Blend
$585k
Owner & transaction history
since 2024
Last sale
$585,000
2 recorded transactions
Zoning & alternative use
AO · Bellingham, WA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$585k
Value range
$527k – $644k
±10% around blend
Estimated value / SF
$100 / SF
Confidence
Property data
75
Market benchmarks
100
Comparable evidence
60
$527k
blend $585k
$644k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,840 SF
Year built
1987
APN
380215 485341 0001
Zoning
AO
Assessed value
$350,069
Annual tax
$2,419
3
Income approach: direct capitalization
Partial preview
Income approach indication
$555k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$600k
@ 6.5% CAP return
$555k
@ 7% CAP return
$515k
4
Sales comparison
Partial preview
Sales approach indication
$659k
Range $659k – $1.72M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$585k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 20 sales
$210
-52%
Submarket 30 sales
$182
-45%
County 46 sales
$171
-41%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $100/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
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Overview
Implied cap rate
6.20%
Implied, in-place cap rate for this industrial properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.20%
9.0%
NOI (est.)
$41k *
Last sale · Apr 2024
$585k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$660k
Move the market yield to see immediate price impact.
Value / SF
$113
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.70%6.20%6.70%
$37k
$647k
$594k
$550k
$41k
$718k
$660k
$611k
$45k
$790k
$727k
$672k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$2,419
Tax year 2021
Assessed value
$350,069
Assessed 2022
Previous assessed
$350,069
+0.0% YoY
Effective rate
0.69%
On assessed value
Assessed improvement
$350,069
Improvement market value
$350,069
Total market value
$350,069
Applied tax rate
1,105.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Status
Off-Market
Year built
1987
Heating
NONE
Cooling
YES
Total area
5,840 SF
Zoning code
AO
APN
380215 485341 0001
UPID
US90-3359619
Jurisdiction
WHATCOM
Zoning & alternative use
AO · Bellingham, WAZoning AO · permitted uses
AO · Bellingham, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Cooling
Yes
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
AO
Jurisdiction
Bellingham, WA
Recorded code
AO
Ownership Intelligence
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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