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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Truck terminals
4058 Bakerview Vly Rd Bellingham, WA 98226-7729
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-1629243
Property profile
Verified
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Year built
2004
Total area
6,000 SF
Lot
2 ac (87,120 SF)
Zoning code
PI
APN
380316 159463 0000
UPID
US90-1629243
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
-
Johnson's Towing Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$685k
Owner & transaction history
Johnson Investments LLC · 6 yrs held
Johnson Investments LLC
since 2020
6 recorded transactions
Zoning & alternative use
PI · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+164.3%
Apartment house (5+ units)
$890,000
+108.3%
Retail stores
$585,000
+37.1%
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
Alternative Use
Use
Estimation
TRUCK TERMINAL (MOTOR FREIGHT)
$430,000
Current use
OFFICE BUILDING
$1,130,000
Change: +164% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$890,000
Change: +108% · Conversion: Difficult
RETAIL STORES
$585,000
Change: +37% · Conversion: Difficult
RESTAURANT
$565,000
Change: +32% · Conversion: Difficult
AUTO REPAIR, GARAGE
$500,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$490,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$114 / 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
$10,166
Tax year 2024
Assessed value
$1,307,551
Assessed 2023
Previous assessed
$1,029,567
+27.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$804,094
Assessed improvement
$503,457
Land market value
$804,094
Improvement market value
$503,457
Total market value
$1,307,551
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
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Status
Off-Market
Year built
2004
Heating
NONE
Cooling
YES
Total area
6,000 SF
Lot
2 ac (87,120 SF)
Zoning code
PI
APN
380316 159463 0000
UPID
US90-1629243
Jurisdiction
WHATCOM
Zoning & alternative use
PI · Bellingham, WA
Zoning PI · permitted uses
PI · 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
TRUCK TERMINAL (MOTOR FREIGHT) Current
Est. value
$430,000
OFFICE BUILDING
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$890,000
RETAIL STORES
Est. value
$585,000
RESTAURANT
Est. value
$565,000
AUTO REPAIR, GARAGE
Est. value
$500,000
MEDICAL BUILDING
Est. value
$490,000
TRUCK TERMINAL (MOTOR FREIGHT) Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2004
Heating
NONE
Cooling
Yes
Lot
2 ac
Current owner
From public records · entity-resolved
Johnson Investments LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 30337, BELLINGHAM, WA 98228-2337
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2025
—
Johnson Investments LLC
—
Deed
related
$500,000 · Bank Of The Pacific
Mar 27, 2020
—
Johnson Investments LLC
—
Deed
related
$293,500 · Heritage Bank
Feb 20, 2020
—
Johnson Investments LLC
Daniel J W Johnson
Quit Claim Deed
related
—
Feb 20, 2020
$286,770
Daniel J W Johnson
Johnson Living Trust
Quit Claim Deed
related
—
Nov 28, 2018
—
Johnson Living Trust
Johnson,gerald G & Karen L
Quit Claim Deed
related
—
—
—
Gerald G Johnson
—
Deed Of Trust
related
$532,962 · 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
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