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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Warehouses
4146 Pacific Hwy Bellingham, WA 98226-7395
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-1239813
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1955
Total area
1,116 SF
Lot
1.75 ac (76,317 SF)
Zoning code
PI
APN
380211 226075 0000
UPID
US90-1239813
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
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$336k
Blend (final)
Blend
$545k
Owner & transaction history
Dci Residential LLC · 4 yrs held
Dci Residential LLC
since 2022
Last sale
$570,000
3 recorded transactions
Zoning & alternative use
PI · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$390,000
+73.1%
Medical building
$345,000
+53.8%
Commercial (general)
$335,000
+48.4%
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
$530,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$390,000
Change: +73% · Conversion: Difficult
MEDICAL BUILDING
$345,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$335,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$325,000
Change: +45% · Conversion: Moderate
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $570k (Apr 26 2022)
Last sale anchor
$570k
Apr 26 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
$488 / 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
$4,204
Tax year 2024
Assessed value
$540,759
Assessed 2023
Previous assessed
$421,483
+28.3% YoY
Effective rate
0.78%
On assessed value
Assessed land
$441,889
Assessed improvement
$98,870
Land market value
$441,889
Improvement market value
$98,870
Total market value
$540,759
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
1955
Heating
HOT WATER
Stories
1
Bathrooms
2
Total area
1,116 SF
Lot
1.75 ac (76,317 SF)
Zoning code
PI
APN
380211 226075 0000
UPID
US90-1239813
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
OFFICE BUILDING
Est. value
$390,000
MEDICAL BUILDING
Est. value
$345,000
COMMERCIAL (GENERAL)
Est. value
$335,000
RETAIL STORES
Est. value
$325,000
OFFICE BUILDING
MEDICAL 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
1955
Heating
HOT WATER
Stories
1
Bathrooms
2
Lot
1.75 ac
Current owner
From public records · entity-resolved
Dci Residential LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 30886, BELLINGHAM, WA 98228-2886
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2022
$570,000
Dci Residential LLC
Whatcom Multifamily LLC
Warranty Deed
—
Jul 13, 2021
$420,000
Whatcom Multifamily Lcc
Trudy A Wilcox
Warranty Deed
$393,000 · Housemax Funding Fund 1 LLC
Dec 8, 2011
$185,321
George J Wilcox
Wilcox,george J
Quit Claim Deed
related
—
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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