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Property profile & analytics
OFF-MARKET
Office buildings
4748 Pacific Hwy, Bellingham, WA 98226-9049
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-3257370
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1971
Total area
880 SF
Lot
2.35 ac (102,366 SF)
Zoning code
GC
APN
380203 229375 0000
UPID
US90-3257370
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
by Request
Owner & transaction history
Hfd LLC · 18 yrs held
Hfd LLC
since 2007
3 recorded transactions
Zoning & alternative use
GC · 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
—
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
$8,248
Tax year 2021
Assessed value
$890,711
Assessed 2022
Previous assessed
$890,711
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$490,128
Assessed improvement
$400,583
Land market value
$490,128
Improvement market value
$400,583
Total market value
$890,711
Applied tax rate
2,060.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1971
Heating
BASEBOARD
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Bathrooms
1
Total area
880 SF
Lot
2.35 ac (102,366 SF)
Zoning code
GC
APN
380203 229375 0000
UPID
US90-3257370
Jurisdiction
WHATCOM
Zoning & alternative use
GC · Bellingham, WA
Zoning GC · permitted uses
GC · 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
1971
Heating
BASEBOARD
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
2.35 ac
Current owner
From public records · entity-resolved
Hfd LLC
Entity
Mailing address
995 SUNSET AVE, BELLINGHAM, WA 98226-9039
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2007
—
Hfd LLC
Hofeditz,jeff
Quit Claim Deed
related
—
Sep 20, 2007
$850,000
Jeff Hofeditz
K & M Leasing LLC
Warranty Deed
$575,000 · K&m Leasing LLC
—
—
K & M Leasing LLC
—
Deed Of Trust
related
$240,000 · Whidbey Island Bank
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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