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Property profile & analytics
OFF-MARKET
Estimated value
$2,640,000
Retail space
4179 Meridian St Bellingham, WA 98226-5514
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-3111996
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1990
Total area
5,329 SF
Lot
1.73 ac (75,185 SF)
Zoning code
PC
APN
380212 517081 0000
UPID
US90-3111996
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
-
Lovers (Bike/Boat/Book/etc) Store Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.06M
Blend (final)
Blend
$2.64M
Owner & transaction history
Cwb Investments LLC · 5 yrs held
Cwb Investments LLC
since 2021
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
PC · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.1M
+33.8%
Office building
$1.9M
+19.0%
Medical building
$1.7M
+5.7%
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
$3,090,000
ML approach
$2,890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,090,000
Change: +34% · Conversion: Easy
OFFICE BUILDING
$1,860,000
Change: +19% · Conversion: Easy
MEDICAL BUILDING
$1,655,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,595,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$2.64M
Range $2.38M – $2.90M · ±10% · vs last sale $2.58M (Jun 24 2021)
Last sale anchor
$2.58M
Jun 24 2021
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
$495 / 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
$21,434
Tax year 2021
Assessed value
$2,495,699
Assessed 2022
Previous assessed
$2,495,699
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$1,656,835
Assessed improvement
$838,864
Land market value
$1,656,835
Improvement market value
$838,864
Total market value
$2,495,699
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1990
Heating
NONE
Cooling
YES
Total area
5,329 SF
Lot
1.73 ac (75,185 SF)
Zoning code
PC
APN
380212 517081 0000
UPID
US90-3111996
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
RESTAURANT
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
NONE
Cooling
Yes
Lot
1.73 ac
Current owner
From public records · entity-resolved
Cwb Investments LLC
Entity
Mailing address
19455 232ND AVE SE, BLACK DIAMOND, WA 98010
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2021
$2,575,000
Cwb Investments LLC
Sons & Sumich LLC
Warranty Deed
$1,800,000 · Peoples Bank
Oct 8, 2018
—
Sons & Sumich LLC
—
Deed
related
—
Mar 31, 2008
$2,266,000
Sons & Sumich LLC
Calrev LLC
Warranty Deed
$1,678,000 · Rainier Pacific Bank
Jun 29, 2007
$2,210,000
Calrev LLC
Jensen Family Investments LLC
Warranty Deed
$1,768,000 · Viking Bank
Jul 30, 2004
$1,912,500
Jensen Family Investments LLC
Schoonover,raymond L & Kathy L
Warranty Deed
$1,570,000 · Horizon Bank
Nov 1, 1999
$1,896,340
Raymond L Schoonover
Etemad Trust
Grant Deed
$942,733 · Frontier Bank
—
—
Sons & Sumich LLC
—
Loan Modification
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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