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Property profile & analytics
OFF-MARKET
Estimated value
$2,310,000
Medical Office Space
4145 Meridian St Bellingham, WA 98226-5514
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0074480
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1990
Total area
10,390 SF
Lot
0.65 ac (28,109 SF)
Zoning code
PC
APN
380212 422022 0000
UPID
US90-0074480
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
-
Cordata Dental Professionals Dental Office
-
Terri Zweber, DDS Dental Office
-
Revive Medical Massage and Bodywork Alternative Medicine Practice Spa & Massage Center
-
Norberts Handyman Services Hardware & Home Improvement General Contractor
-
Bluestone Fire Cupping & Massage Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.38M
CAP Approach
CAP
$1.57M
Comparable Approach
Comparable
$2.30M
Blend (final)
Blend
$2.31M
Owner & transaction history
Kutyafyat LLC · 3 yrs held
Kutyafyat LLC
since 2022
Last sale
$2.4M
4 recorded transactions
Zoning & alternative use
PC · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.6M
+12.6%
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
$2,175,000
ML approach
$2,380,000
CAP Approach
CAP Return
Estimation
6%
$1,700,000
6.5%
$1,570,000
7%
$1,460,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,225,000
Current use
OFFICE BUILDING
$3,625,000
Change: +13% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,110,000
Change: -3% · Conversion: Easy
RETAIL STORES
$3,050,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$2.31M
Range $2.08M – $2.54M · ±10% · vs last sale $2.35M (Aug 11 2022)
Last sale anchor
$2.35M
Aug 11 2022
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
$222 / 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
$17,416
Tax year 2024
Assessed value
$2,239,954
Assessed 2023
Previous assessed
$1,863,961
+20.2% YoY
Effective rate
0.78%
On assessed value
Assessed land
$645,603
Assessed improvement
$1,594,351
Land market value
$645,603
Improvement market value
$1,594,351
Total market value
$2,239,954
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1990
Heating
FORCED AIR
Cooling
YES
Total area
10,390 SF
Lot
0.65 ac (28,109 SF)
Zoning code
PC
APN
380212 422022 0000
UPID
US90-0074480
Jurisdiction
WHATCOM
Zoning & alternative use
PC · Bellingham, WA
Zoning PC · permitted uses
PC · 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
MEDICAL BUILDING Current
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.1M
RETAIL STORES
Est. value
$3.1M
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1990
Heating
FORCED AIR
Cooling
Yes
Lot
0.65 ac
Current owner
From public records · entity-resolved
Kutyafyat LLC
Entity
Mailing address
4145 MERIDIAN ST, BELLINGHAM, WA 98226-5514
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2022
$2,350,000
Kutyafyat LLC
Cordata Place II LLC
Warranty Deed
$2,000,000 · Savibank
Oct 15, 2007
$838,000
Cordata Place II LLC
Wasley,michael H & Mary A
Warranty Deed
—
Oct 15, 2007
$200,000
Cordata Place II LLC
Wasley,michael H & Mary A
Warranty Deed
—
—
—
Cordata Place II LLC
—
Deed Of Trust
related
$200,000 · John Kingman
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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