Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,905,000
Warehouses
4084 Pacific Hwy Bellingham, WA 98226-7394
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0958713
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Total area
14,616 SF
Lot
1.87 ac (81,457 SF)
Zoning code
PIC
APN
380211 276039 0000
UPID
US90-0958713
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.47M
CAP Approach
CAP
$1.69M
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.91M
Owner & transaction history
Ren Properties LLC · 6 yrs held
Ren Properties LLC
since 2020
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
PIC · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$3.1M
+4.2%
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
$2,270,000
ML approach
$2,465,000
CAP Approach
CAP Return
Estimation
6%
$1,825,000
6.5%
$1,685,000
7%
$1,565,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,950,000
Current use
INDUSTRIAL (GENERAL)
$3,070,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,530,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.91M
Range $1.71M – $2.10M · ±10% · vs last sale $1.90M (Jul 17 2020)
Last sale anchor
$1.90M
Jul 17 2020
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
$130 / 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
$19,772
Tax year 2024
Assessed value
$2,542,988
Assessed 2023
Previous assessed
$2,002,353
+27.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$801,948
Assessed improvement
$1,741,040
Land market value
$801,948
Improvement market value
$1,741,040
Total market value
$2,542,988
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
1999
Heating
SPACE
Cooling
YES
Stories
2
Bathrooms
1
Total area
14,616 SF
Lot
1.87 ac (81,457 SF)
Zoning code
PIC
APN
380211 276039 0000
UPID
US90-0958713
Jurisdiction
WHATCOM
Zoning & alternative use
PIC · Bellingham, WA
Zoning PIC · permitted uses
PIC · 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
WAREHOUSE, STORAGE Current
Est. value
$3.0M
INDUSTRIAL (GENERAL)
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.5M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
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
1999
Heating
SPACE
Cooling
Yes
Stories
2
Bathrooms
1
Lot
1.87 ac
Current owner
From public records · entity-resolved
Ren Properties LLC
Entity
Mailing address
3207 PO BOX 1097TH CT, FERNDALE, WA 98248-1097
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2020
$1,900,000
Ren Properties LLC
Paul Pace
Warranty Deed
$1,628,541 · Paul & Roberta Pace
Nov 22, 2002
$604,901
Paul R Pace
Schroder,kalvin D & Zena
Trustees Deed
—
Jun 1, 1998
—
Kalvin D Schroder
—
Grant Deed
related
$460,000 · Bank Of The Northwest
Oct 30, 1997
$200,000
Kalvin D Schroeder
Anderson,ethel K
Grant Deed
$202,953 · Bank Of The Northwest
—
—
Kalvin D Schroder
—
Deed Of Trust
related
$510,000 · Bank Of The Northwest
—
—
Paul Pace
—
Deed Of Trust
related
$475,000 · Bank Of The Pacific
—
—
Kalvin Schroder
—
Deed Of Trust
related
$54,065 · Bank Of The Northwest
—
—
Paul R Pace
—
Deed Of Trust
related
$607,000 · Bank Of The Northwest
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 4084 Pacific Hwy?
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.
