Entity Owned Property summary
AI-generated overview
This exceptional 1,557 square foot retail space at 4264 Pacific Highway in Bellingham, WA, 98226 boasts prime visibility due to its excellent Interstate 5 exposure. The property sits on a generous 1.85-acre lot and offers ample parking with 10+ spaces. The main floor, completely renovated in 2017, provides a bright and modern 1,557 square foot retail area, thoughtfully divided into three individual offices, perfect for a variety of businesses. This versatile space is currently vacant and ready for immediate occupancy. Beyond the main floor, a substantial unfinished basement area exceeding 1,500 square feet offers significant potential for storage, inventory, or equipment. The property's location on Pacific Highway ensures high traffic volume and excellent brand visibility, making it an ideal investment opportunity for businesses seeking a prominent Bellingham location. The combination of a renovated main floor, substantial basement storage, and high-traffic location makes this property a truly unique offering. This single-tenant property is ready for your business to thrive.
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1940
Total area
1,557 SF
Lot
1.81 ac (78,844 SF)
Zoning code
LII
APN
380211 110226 0000
UPID
US90-3330587
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$280k
Owner & transaction history
since 2022
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
LII · Bellingham, WA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$280k
Value range
$252k – $308k
±10% around blend
Estimated value / SF
$180 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
30
$252k
blend $280k
$308k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,557 SF
Lot area
1.81 ac
Year built
1940
Stories
1
APN
380211 110226 0000
Zoning
LII
Assessed value
$833,363
Annual tax
$6,479
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.01M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
20.4 mi away · 1,196 SF
23.7 mi away · 1,268 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$280k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 25 sales
$293
-39%
County 42 sales
$251
-28%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $180/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.34M
Move the market yield to see immediate price impact.
Value / SF
$2,143
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$210k
$4.20M
$3.00M
$2.34M
$234k
$4.67M
$3.34M
$2.60M
$257k
$5.14M
$3.67M
$2.85M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$1.22M
18.8 mi · Feb 2026 · $688/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$6,479
Tax year 2024
Assessed value
$833,363
Assessed 2023
Previous assessed
$850,371
-2.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$533,298
Assessed improvement
$300,065
Land market value
$533,298
Improvement market value
$300,065
Total market value
$833,363
Applied tax rate
100.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1940
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
1,557 SF
Lot
1.81 ac (78,844 SF)
Zoning code
LII
APN
380211 110226 0000
UPID
US90-3330587
Jurisdiction
WHATCOM
Zoning & alternative use
LII · Bellingham, WAZoning LII · permitted uses
LII · Bellingham, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1940
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.81 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LII
Jurisdiction
Bellingham, WA
Recorded code
LII
Ownership Intelligence
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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