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Property profile & analytics
OFF-MARKET
Estimated value
$1,365,000
Warehouses
3850 Mustang Way Bellingham, WA 98226-8044
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0515995
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Total area
15,000 SF
Lot
0.97 ac (42,070 SF)
Zoning code
HI
APN
380317 385333 0000
UPID
US90-0515995
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
-
Pacific International Grout Company Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.73M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.37M
Owner & transaction history
Remote Power & Supply LLC · 8 yrs held
Remote Power & Supply LLC
since 2018
7 recorded transactions
Zoning & alternative use
HI · 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%
$1,875,000
6.5%
$1,730,000
7%
$1,605,000
Blend value · Realmo final
$1.37M
Range $1.23M – $1.50M · ±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
$91 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$12,225
Tax year 2021
Assessed value
$1,580,031
Assessed 2022
Previous assessed
$1,580,031
+0.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$478,399
Assessed improvement
$1,101,632
Land market value
$478,399
Improvement market value
$1,101,632
Total market value
$1,580,031
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Heating
NONE
Cooling
YES
Total area
15,000 SF
Lot
0.97 ac (42,070 SF)
Zoning code
HI
APN
380317 385333 0000
UPID
US90-0515995
Jurisdiction
WHATCOM
Zoning & alternative use
HI · Bellingham, WA
Zoning HI · permitted uses
HI · 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
2004
Heating
NONE
Cooling
Yes
Lot
0.97 ac
Current owner
From public records · entity-resolved
Remote Power & Supply LLC
Entity
Mailing address
1276 CHUCKANUT DR, BELLINGHAM, WA 98229-8980
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2020
—
Remote Power & Supply LLC
—
Deed
related
$1,300,000 · Savibank
Jan 11, 2019
—
Remote Power & Supply LLC
—
Deed
related
—
Nov 29, 2018
—
Remote Power & Supply LLC
—
Deed
related
—
Oct 15, 2018
—
Remote Power & Supply LLC
—
Deed
related
—
Jul 6, 2018
—
Remote Power & Supply LLC
—
Deed
related
—
Jun 27, 2018
—
Remote Power & Supply LLC
Remove Power & Supply LLC
Quit Claim Deed
related
—
May 10, 2016
—
Remote Power & Supply LLC
—
Deed
related
$1,200,000 · Bank Of The Pacific
May 15, 2009
$1,200,000
Remote Power & Supply LLC
Plank,j Scott
Warranty Deed
$900,000 · J Scott Plank
Sep 20, 2007
—
J Scott Plank
Plank,kristan A
Quit Claim Deed
related
—
Aug 14, 2003
—
James S Plank
—
Trustees Deed
related
$517,500 · Peoples Bank & Trust
Jan 7, 2003
$186,144
James S Plank
Hammer,jerry
Grant Deed
$130,000 · Jerry Hammer
—
—
Remote Power & Supply LLC
—
Deed Of Trust
related
—
—
—
Remote Power & Supply LLC
—
Deed Of Trust
related
—
—
—
Remote Power & Supply LLC
—
Deed Of Trust
related
$1,300,000 · Savibank
—
—
Remote Power & Supply LLC
—
Deed Of Trust
related
$1,200,000 · Bank Of The Pacific
—
—
Remote Power & Supply LLC
—
Deed Of Trust
related
$800,000 · Bank Of The Pacific
—
—
Remote Power & Supply LLC
—
Deed Of Trust
related
—
—
—
Remote Power & Supply LLC
—
Deed Of Trust
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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