Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

427 Ohio St Bellingham, WA 98225

FOR LEASE
Restaurants
Property ID
US90-3353880
29,042 SF 1.36 ac lot Built 1977
Last sale May 2024 · $4,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon
427 Ohio St, Bellingham, WA 98225 For Lease
Contact for pricing 1,500 SF available
427 Ohio St, Bellingham, WA 98225
View Listing

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$23k
Tax billed · 2024
Assessed value · 2023$3.00M
Assessed land$1.35M
Assessed improvement$1.65M
Effective rate0.78%

Value estimate

· Oct 2026
$3.52M
$3.16M – $3.87M
NOI build-up
Gross scheduled income$34k
Vacancy & credit loss−$6k
Operating expenses−$7k
NOI · 749.61% cap applied$21k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$392/SF
Submarket average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$222 – $626

Cap rate analysis

How does the asset earn?
749.61%
$21k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
LI
JurisdictionWHATCOM

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service15.1
Storage Facility13.4
Auto Parts Store9.9

Location

427 Ohio St Bellingham, WA 98225
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3125 Old Fairhaven, Bellingham, WA 98225-8266 $27,428,320 Feb 2026 71,096 SF
York, Bellingham, WA 98225 $6,200,000 Jul 2025 6,500 SF
1417 State, Bellingham, WA 98225-4512 $2,300,000 Mar 2025 6,207 SF
1210 State, Bellingham, WA 98225-5016 $1,275,000 Feb 2025 12,612 SF
500 Carolina, Bellingham, WA 98225-4106 $2,080,000 Jan 2025 9,720 SF
102 Samish, Bellingham, WA 98225-6001 $5,130,000 Jan 2025 9,509 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again