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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Residential income homes
4431 Columbine Dr, Bellingham, WA 98226-7672
Entity Owned
28-yr Hold
Absentee Owner
Property ID
US90-1219595
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1998
Total area
21,503 SF
Lot
2.02 ac (87,991 SF)
Zoning code
PIN
APN
380212 234412 0000
UPID
US90-1219595
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.07M
Owner & transaction history
Merrill Gardens LLC · 28 yrs held
Merrill Gardens LLC
since 1998
7 recorded transactions
Zoning & alternative use
PIN · 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
$50 / 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
$17,859
Tax year 2021
Assessed value
$2,990,965
Assessed 2022
Previous assessed
$2,990,965
+0.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$871,200
Assessed improvement
$2,119,765
Land market value
$871,200
Improvement market value
$2,119,765
Total market value
$2,990,965
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1998
Heating
NONE
Cooling
AC.FAN COOLING
Buildings
3
Total area
21,503 SF
Lot
2.02 ac (87,991 SF)
Zoning code
PIN
APN
380212 234412 0000
UPID
US90-1219595
Jurisdiction
WHATCOM
Zoning & alternative use
PIN · Bellingham, WA
Zoning PIN · permitted uses
PIN · 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
1998
Heating
NONE
Cooling
Yes
Buildings
3
Lot
2.02 ac
Current owner
From public records · entity-resolved
Merrill Gardens LLC
Entity
Mailing address
4415 COLUMBINE DR, BELLINGHAM, WA 98226-8039
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
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
Oct 31, 2011
—
Mgp Xv LLC
—
Deed Of Trust
related
$9,000,000 · Pnc Bank
May 29, 1998
—
Merrill Gardens LLC
Meadow Poomnt Senior LLC
Deed Of Trust
related
$1,655,000 · Seafirst Bank
Mar 1, 1996
$271,000
Point Senior Retirement Meadow
Trillium Corp
Grant Deed
—
—
—
Point Senior Retirement Meadow
—
Deed Of Trust
related
$1,654,985 · Seafirst Bank
—
—
Mgp Xv LLC
—
Deed Of Trust
related
$2,786,000 · Arcs Commercial Mortgage Co LP
—
—
Mgp Xv LLC
—
Deed Of Trust
related
$7,387,000 · Arcs Commercial Mortgage Co LP
—
—
Mgp Xv LLC
—
Deed Of Trust
related
$1,779,000 · Arcs Commercial Mortgage Co LP
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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