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Property profile & analytics
OFF-MARKET
Estimated value
$3,515,000
Restaurants
427 Ohio St, Bellingham, WA 98225-4641
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-3353880
Property profile
Verified
Property type
Restaurants
Use group
BAKERY
Year built
1977
Total area
29,042 SF
Lot
1.36 ac (59,024 SF)
Zoning code
LI
APN
380330 431386 0000
UPID
US90-3353880
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
-
PrimeRegain Testosterone Replacement Therapy Center Medical Group
-
Erin Baker's Wholesome Baked Goods (Retail Store Closed) Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.52M
Owner & transaction history
Bakers Building Holdings LLC · 2 yrs held
Bakers Building Holdings LLC
since 2024
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
LI · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$121 / 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
$23,348
Tax year 2024
Assessed value
$3,002,905
Assessed 2023
Previous assessed
$3,194,580
-6.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$1,351,006
Assessed improvement
$1,651,899
Land market value
$1,351,006
Improvement market value
$1,651,899
Total market value
$3,002,905
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
Restaurants
Use group
BAKERY
Status
Off-Market
Year built
1977
Heating
HEAT PUMP
Cooling
YES
Total area
29,042 SF
Lot
1.36 ac (59,024 SF)
Zoning code
LI
APN
380330 431386 0000
UPID
US90-3353880
Jurisdiction
WHATCOM
Zoning & alternative use
LI · Bellingham, WA
Zoning LI · permitted uses
LI · 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.
Building & site characteristics
From public records
Year built
1977
Heating
HEAT PUMP
Cooling
Yes
Lot
1.36 ac
Current owner
From public records · entity-resolved
Bakers Building Holdings LLC
Entity
Mailing address
12709 E MIRABEAU PKWY STE #10, SPOKANE VALLEY, WA 99216-1666
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
May 31, 2024
$4,200,000
Bakers Building Holdings LLC
Leavitt Wolff Northwest Properties
Bargain & Sale Deed
$3,950,000 · Michael Gladstein
Sep 1, 2020
—
Leavitt Wolff Northwest Properties
Leavitt Wolff Northwest Portfolio L
Bargain And Sale Deed
—
Jan 11, 2012
—
Leavitt-wolff Northwest Portfo
Leavitt-wolff Northwest Proper
Quit Claim Deed
—
Mar 23, 2005
$1,666,000
Abraham Kosokoff
Leavitt Wolff Northwest Properties
Warranty Deed
$35,000 · Lehman Brothers Bank Fsb
Mar 23, 2005
—
Abraham Kosokoff
P B Investments
Warranty Deed
—
Nov 15, 1996
$1,615,000
P B Investments LP
M-c Associates
Grant Deed
$13,612,612 · Us Bank Of Washington
Sep 16, 1996
$907,770
M-c Associates
Allsop,ivor J & Betty J
Grant Deed
$600,000 · Us Bank Of Washington
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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