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Property profile & analytics
OFF-MARKET
Estimated value
$3,940,000
Individual retail properties
420 Telegraph Rd, Bellingham, WA 98226-8753
Entity Owned
11-yr Hold
Free & Clear
Property ID
US90-3271916
Property profile
Verified
Property type
Individual retail properties
Use group
GARDEN CENTER, HOME IMPROVEMENT
Year built
1997
Total area
106,652 SF
Lot
9.09 ac (395,960 SF)
Zoning code
PCRM36
APN
380318 136401 0000
UPID
US90-3271916
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
-
Truck Rental Center at The Home Depot Car Rental Facility
-
Minute Key Locksmith (Bike/Boat/Book/etc) Store
-
The Home Depot Building Supply Hardware & Home Improvement
-
Home Services at The Home Depot Hardware & Home Improvement General Contractor
-
Pro Desk at The Home Depot Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.94M
Owner & transaction history
Realty Income Properties 16 Ll · 11 yrs held
Realty Income Properties 16 Ll
since 2015
7 recorded transactions
Zoning & alternative use
PCRM36 · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
GARDEN CENTER, HOME IMPROVEMENT (DO-IT-YOURSELF)
$4,725,000
Current use
Blend value · Realmo final
$3.94M
Range $3.55M – $4.33M · ±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
$37 / 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
$142,593
Tax year 2021
Assessed value
$16,910,166
Assessed 2022
Previous assessed
$16,910,166
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$7,348,869
Assessed improvement
$9,561,297
Land market value
$7,348,869
Improvement market value
$9,561,297
Total market value
$16,910,166
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
Individual retail properties
Use group
GARDEN CENTER, HOME IMPROVEMENT
Status
Off-Market
Year built
1997
Heating
NONE
Cooling
YES
Total area
106,652 SF
Lot
9.09 ac (395,960 SF)
Zoning code
PCRM36
APN
380318 136401 0000
UPID
US90-3271916
Jurisdiction
WHATCOM
Zoning & alternative use
PCRM36 · Bellingham, WA
Zoning PCRM36 · permitted uses
PCRM36 · 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
GARDEN CENTER, HOME IMPROVEMENT (DO-IT-YOURSELF) Current
Est. value
$4.7M
GARDEN CENTER, HOME IMPROVEMENT (DO-IT-YOURSELF) Current
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
1997
Heating
NONE
Cooling
Yes
Lot
9.09 ac
Current owner
From public records · entity-resolved
Realty Income Properties 16 Ll
Entity
Free & Clear · 11 yrs held
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
Ownership since
2015
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
Jun 15, 2015
$25,590,000
Realty Income Properties 16 Ll
Dst Cole H B W Trust
Grant Deed
—
Jun 29, 2006
—
Cole Bellingham Wa Dst Hd
Cole Hd Bellingham Wa LLC
Quit Claim Deed
—
Jan 12, 2006
$21,707,000
Cole Hd Bellingham Wa LLC
Hd Bellingham Funding Co INC
Bargain And Sale Deed
$17,040,000 · Wachovia Financial Services INC
Feb 2, 2004
$11,343,137
Hd Bellingham Funding Co INC
Bromont Pavilion Bellingham Ll
Grant Deed
related
$13,970,000 · Pb Capital Corp
Oct 30, 2003
$10,470,588
Pavilion Bellingham Bromont
Rvip Ca/wa/or Portfolio LLC
Grant Deed
$22,184,000 · Merrill Lynch Capital Services
Dec 5, 2000
$23,221,576
Rvip Ca/or Portfolio LLC
Burnham Pacific Operating Ptsh
Grant Deed
—
—
—
Pacific Operating Part Burnham
—
Deed Of Trust
related
$202,800 · General Electric Capital Corp
—
—
Rvip Ca/wa/or Portfolio LLC
—
Deed Of Trust
related
$38,000,000 · Lehman Brothers Bank Fsb
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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