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Property profile & analytics
OFF-MARKET
Estimated value
$3,195,000
Investment properties
401 Champion St, Bellingham, WA 98225-4373
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US90-1208642
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1890
Total area
27,276 SF
Lot
0.21 ac (9,034 SF)
Zoning code
C
APN
380330 110198 0000
UPID
US90-1208642
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
-
Oakland Building Apartment Building
-
Nearby Self Storage Units Bellingham WA Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$3.20M
Owner & transaction history
Housing Authority Everett City · 25 yrs held
Housing Authority Everett City
since 2000
7 recorded transactions
Zoning & alternative use
C · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.20M
Range $2.88M – $3.51M · ±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
$117 / 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
Assessed value
$3,238,566
Assessed 2022
Previous assessed
$2,676,501
+21.0% YoY
Assessed land
$491,847
Assessed improvement
$2,746,719
Land market value
$491,847
Improvement market value
$2,746,719
Total market value
$3,238,566
Applied tax rate
109.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1890
Heating
FORCED AIR
Cooling
AC.FAN COOLING
Total area
27,276 SF
Lot
0.21 ac (9,034 SF)
Zoning code
C
APN
380330 110198 0000
UPID
US90-1208642
Jurisdiction
WHATCOM
Zoning & alternative use
C · Bellingham, WA
Zoning C · permitted uses
C · 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
1890
Heating
FORCED AIR
Cooling
Yes
Lot
0.21 ac
Current owner
From public records · entity-resolved
Housing Authority Everett City
Entity
Mailing address
PO BOX 9701, BELLINGHAM, WA 98227-9701
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2001
—
Housing Authority Belligham
—
Trustees Deed
related
$1,736,357 · Key Bank NA
Nov 17, 2000
$552,614
Housing Authority Everett City
Oakland LLC
Grant Deed
$150,000 · Bellingham City (wa)
Jul 9, 1996
$150,000
1414 Cornwall LLC
Tiscornia,john F
Trustees Deed
$130,000 · Source Capital Corp
Jul 9, 1996
$50,000
1414 Cornwall LLC
Bertolotti,delouries & Bert
Trustees Deed
—
—
—
Oakland LLC
—
Deed Of Trust
related
$190,000 · Pacific Coast Investment Co
—
—
Oakland LLC
—
Deed Of Trust
related
$40,000 · Bellingham City (wa)
—
—
Housing Authority
—
Deed Of Trust
related
$423,518 · Washington State Dept Communit
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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