Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,680,000
Warehouses
3886 Hammer Dr Bellingham, WA 98226-7629
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-3356915
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1993
Total area
14,000 SF
Lot
0.89 ac (38,890 SF)
Zoning code
LI
APN
380317 216346 0000
UPID
US90-3356915
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
-
Girodisc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.62M
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.68M
Owner & transaction history
Sequoia Drive LLC · 7 yrs held
Sequoia Drive LLC
since 2019
7 recorded transactions
Zoning & alternative use
LI · 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%
$1,750,000
6.5%
$1,615,000
7%
$1,500,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,425,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.68M
Range $1.51M – $1.85M · ±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
$120 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$17,217
Tax year 2024
Assessed value
$2,214,421
Assessed 2023
Previous assessed
$1,743,639
+27.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$591,187
Assessed improvement
$1,623,234
Land market value
$591,187
Improvement market value
$1,623,234
Total market value
$2,214,421
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
1993
Heating
NONE
Cooling
YES
Total area
14,000 SF
Lot
0.89 ac (38,890 SF)
Zoning code
LI
APN
380317 216346 0000
UPID
US90-3356915
Jurisdiction
WHATCOM
Zoning & alternative use
LI · Bellingham, WA
Zoning LI · permitted uses
LI · 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
AUTO REPAIR, GARAGE
Est. value
$2.4M
AUTO REPAIR, GARAGE
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
1993
Heating
NONE
Cooling
Yes
Lot
0.89 ac
Current owner
From public records · entity-resolved
Sequoia Drive LLC
Entity
Mailing address
2753 LK WHATCOM BLVD, BELLINGHAM, WA 98229-2718
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2019
—
Sequoia Drive LLC
—
Deed
related
$1,000,000 · Wells Fargo Bk
Jun 17, 2019
—
Sequoia Drive LLC
—
Deed
related
$807,000 · Evergreen Busn Cap
Jun 14, 2019
$1,980,413
Sequoia Drive LLC
Pando Innovations LLC
Warranty Deed
$1,000,000 · Wells Fargo Bk
Aug 30, 2017
—
Pando Innovations LLC
—
Deed
related
$1,275,615 · Jp Morgan Chase Bk
Oct 7, 2004
$875,000
Pando Innovations LLC
Washington Loggers Corp
Warranty Deed
$693,750 · Whidbey Island Bank
Jun 3, 1998
—
Bellevue City (wa)
Washington Loggers Corp
Quit Claim Deed
related
—
—
—
Sequoia Drive LLC
—
Deed Of Trust
related
$807,000 · Evergreen Busn Cap
—
—
Sequoia Drive LLC
—
Deed Of Trust
related
$1,000,000 · Wells Fargo Bk
—
—
Pando Innovations LLC
—
Deed Of Trust
related
$1,275,615 · Jp Morgan Chase Bk
—
—
Washington Loggers Corp
—
Deed Of Trust
related
$400,000 · Whidbey Island 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3886 Hammer Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
