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Property profile & analytics
OFF-MARKET
Banks
515 Lakeway Dr Bellingham, WA 98225-5233
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US90-0394447
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1992
Total area
2,992 SF
Lot
0.37 ac (16,017 SF)
Zoning code
RM1.0
APN
380331 469527 0000
UPID
US90-0394447
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
-
Campbell Elizabeth A Counselor
-
Margret Kavanagh Counselor Physical Therapist
-
Meghan Lever Counselor
-
Shana Keen Counselor
-
Elizabeth Shook Counselor
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
Catholic Cmnty Svcs Of Wstn Wa · 16 yrs held
Catholic Cmnty Svcs Of Wstn Wa
since 2010
3 recorded transactions
Zoning & alternative use
RM1.0 · 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 2023Property tax & assessments
Tax year 2023
Assessed value
$1,349,621
Assessed 2022
Previous assessed
$1,183,878
+14.0% YoY
Assessed land
$511,231
Assessed improvement
$838,390
Land market value
$511,231
Improvement market value
$838,390
Total market value
$1,349,621
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1992
Heating
HEAT PUMP
Cooling
YES
Total area
2,992 SF
Lot
0.37 ac (16,017 SF)
Zoning code
RM1.0
APN
380331 469527 0000
UPID
US90-0394447
Jurisdiction
WHATCOM
Zoning & alternative use
RM1.0 · Bellingham, WA
Zoning RM1.0 · permitted uses
RM1.0 · 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
1992
Heating
HEAT PUMP
Cooling
Yes
Lot
0.37 ac
Current owner
From public records · entity-resolved
Catholic Cmnty Svcs Of Wstn Wa
Individual
Mailing address
1133 RAILROAD AVE STE #100, BELLINGHAM, WA 98225-5054
Ownership since
2010
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
Mar 29, 2010
$1,165,000
Catholic Cmnty Svcs Of Wstn Wa
Jjj Holdings LLC
Warranty Deed
$932,000 · Bank Of America
Dec 30, 2004
—
Jjj Holdings LLC
Walton Investment Co INC
Quit Claim Deed
related
—
—
—
Walton Investments
—
Deed Of Trust
related
$250,000 · 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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