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Property profile & analytics
OFF-MARKET
Estimated value
$4,775,000
Warehouses
4549 Meridian St Bellingham, WA 98226-9193
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-1629102
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Total area
63,194 SF
Lot
2.16 ac (94,090 SF)
Zoning code
PI
APN
380201 545063 0000
UPID
US90-1629102
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
-
U-Haul Storage of Bellingham Car Rental Facility
-
U-Box at U-Haul Storage Facility
-
Trailer Hitches at U-Haul Auto Parts Store
-
Truck Sales at U-Haul Car Dealership
-
Self-Storage at U-Haul Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.78M
Owner & transaction history
Galaxy Storage Two LP · 11 yrs held
Galaxy Storage Two LP
since 2014
4 recorded transactions
Zoning & alternative use
PI · 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
$76 / 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
$38,186
Tax year 2021
Assessed value
$5,224,086
Assessed 2022
Previous assessed
$5,224,086
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$750,838
Assessed improvement
$4,473,248
Land market value
$750,838
Improvement market value
$4,473,248
Total market value
$5,224,086
Applied tax rate
105.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Heating
SPACE
Cooling
YES
Total area
63,194 SF
Lot
2.16 ac (94,090 SF)
Zoning code
PI
APN
380201 545063 0000
UPID
US90-1629102
Jurisdiction
WHATCOM
Zoning & alternative use
PI · Bellingham, WA
Zoning PI · permitted uses
PI · 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
SPACE
Cooling
Yes
Lot
2.16 ac
Current owner
From public records · entity-resolved
Galaxy Storage Two LP
Entity
Mailing address
207 E CLARENDON AVE, PHOENIX, AZ 85012-2072
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2014
—
Galaxy Storage Two LP
Galaxy Storage Three LP
Special Warranty Deed
$31,000,000 · Morgan Stanley Bank NA
Sep 17, 2004
—
Storage Three Galaxy
Galaxy Investors
Quit Claim Deed
related
$11,069,000 · Morgan Stanley Mtg Capital INC
Jul 11, 2002
—
Nineteen Sac Self-storage LP
Four Sac Self Storage Corp
Grant Deed
$100,000,000 · Merrill Lynch Mortgage Lending
Feb 24, 1997
$510,000
Four Sac Self-storage Corp
Amerco Real Estate Co
Grant Deed
—
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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