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Property profile & analytics
OFF-MARKET
Estimated value
$3,460,000
Drug stores
477 Horton Rd, Bellingham, WA 98226-1205
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-2604698
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Lot
1.21 ac (52,708 SF)
Zoning code
PI-FTZ
APN
380201 372050 0000
UPID
US90-2604698
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
-
Infusion Solutions Pharmacy
-
Jennifer R. Harbick, PharmD Pharmacy
-
Jan A. Hunt, RPh Pharmacy
-
Michael Comess Physician
-
Applied Biological Materials Inc Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.46M
Owner & transaction history
1st Nxt LLC · 5 yrs held
1st Nxt LLC
since 2020
Last sale
$3.2M
6 recorded transactions
Zoning & alternative use
PI-FTZ · 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
Method
Estimation
Statistic approach
$3,760,000
ML approach
$3,790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.46M
Range $3.11M – $3.81M · ±10% · vs last sale $3.15M (Jul 9 2020)
Last sale anchor
$3.15M
Jul 9 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
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
$1,863
Tax year 2021
Assessed value
$227,999
Assessed 2022
Previous assessed
$227,999
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$227,999
Land market value
$227,999
Total market value
$227,999
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Heating
NONE
Lot
1.21 ac (52,708 SF)
Zoning code
PI-FTZ
APN
380201 372050 0000
UPID
US90-2604698
Jurisdiction
WHATCOM
Zoning & alternative use
PI-FTZ · Bellingham, WA
Zoning PI-FTZ · permitted uses
PI-FTZ · 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
Heating
NONE
Lot
1.21 ac
Current owner
From public records · entity-resolved
1st Nxt LLC
Entity
Mailing address
2159 DELLESTA DR, BELLINGHAM, WA 98226-7850
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2020
$3,150,000
1st Nxt LLC
Applied Biological Materials USA In
Warranty Deed
$1,260,000 · Bank Of The Pacific
Feb 1, 2018
$2,750,000
Applied Biological Materials I
Chowanec Trust
Trustees Deed
$2,337,500 · Business Dev Bk/canada
Jul 27, 2015
$2,400,000
Chowanec Trust
Schims,kenneth P & Denise
Warranty Deed
—
Mar 6, 2002
—
Kenneth P Schims
Archer F S INC
Quit Claim Deed
related
—
—
—
Isi Nxt LLC
—
Deed Of Trust
related
$1,300,000 · Ameritrust Cdc
—
—
Isi Nxt LLC
—
Loan Modification
related
—
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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