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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Gas stations
4040 Irongate Rd Bellingham, WA 98226-8028
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1490535
Property profile
Verified
Property type
Gas stations
Use group
GAS STATION
Year built
1995
Total area
4,080 SF
Lot
1.01 ac (44,039 SF)
Zoning code
HI
APN
380317 316478 0000
UPID
US90-1490535
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
-
McEvoy Oil Company Fuel Supplier Diesel Fuel Supplier
-
Coleman Oil Company Bellingham Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$870k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$734k
Blend (final)
Blend
$870k
Owner & transaction history
Coleman Services Ix LLC · 1 yrs held
Coleman Services Ix LLC
since 2024
Last sale
$870,000
3 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
$870,000
ML approach
$870,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$870k
Range $783k – $957k · ±10% · vs last sale $870k (Aug 8 2024)
Last sale anchor
$870k
Aug 8 2024
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
$213 / 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
$6,186
Tax year 2021
Assessed value
$888,136
Assessed 2022
Previous assessed
$888,136
+0.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$510,794
Assessed improvement
$377,342
Land market value
$510,794
Improvement market value
$377,342
Total market value
$888,136
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
Gas stations
Use group
GAS STATION
Status
Off-Market
Year built
1995
Heating
NONE
Cooling
YES
Total area
4,080 SF
Lot
1.01 ac (44,039 SF)
Zoning code
HI
APN
380317 316478 0000
UPID
US90-1490535
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
1995
Heating
NONE
Cooling
Yes
Lot
1.01 ac
Current owner
From public records · entity-resolved
Coleman Services Ix LLC
Entity
Mailing address
335 PO BOX 28400TH RD, BELLINGHAM, WA 98228-0400
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2024
$870,000
Coleman Services Ix LLC
Mcevoy Bros Petroleum INC
Warranty Deed
—
Dec 20, 2002
—
Mcevoy Bros Petroleum INC
Mcevoy Oil Co INC
Quit Claim Deed
related
$425,000 · Bank Of The Northwest
—
—
Mcevoy Oil Co INC
—
Deed Of Trust
related
$961,000 · Individual
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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