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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Grocery and convenience stores
5305 Nwnw Dr Bellingham, WA 98226-9658
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US90-1492622
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1922
Total area
3,840 SF
Lot
0.29 ac (12,728 SF)
Zoning code
RR2A
APN
390227 257007 0000
UPID
US90-1492622
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
$705k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$630k
Owner & transaction history
Secret Sauce LLC · 15 yrs held
Secret Sauce LLC
since 2011
7 recorded transactions
Zoning & alternative use
RR2A · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$765,000
6.5%
$705,000
7%
$655,000
Blend value · Realmo final
$630k
Range $567k – $693k · ±10%
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
$164 / 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
$5,922
Tax year 2021
Assessed value
$859,989
Assessed 2022
Previous assessed
$859,989
+0.0% YoY
Effective rate
0.69%
On assessed value
Assessed land
$227,124
Assessed improvement
$632,865
Land market value
$227,124
Improvement market value
$632,865
Total market value
$859,989
Applied tax rate
2,020.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1922
Heating
YES
Cooling
YES
Total area
3,840 SF
Lot
0.29 ac (12,728 SF)
Zoning code
RR2A
APN
390227 257007 0000
UPID
US90-1492622
Jurisdiction
WHATCOM
Zoning & alternative use
RR2A · Bellingham, WA
Zoning RR2A · permitted uses
RR2A · 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
1922
Heating
YES
Cooling
Yes
Lot
0.29 ac
Current owner
From public records · entity-resolved
Secret Sauce LLC
Entity
Mailing address
201 LESLIE LN, MUKILTEO, WA 98275-1712
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2011
$697,000
Secret Sauce LLC
Rocket Land 1 LLC
Warranty Deed
$525,000 · Skagit State Bank
Jul 1, 2005
$375,000
Rocket Land 1 LLC
Yi,ki C
Warranty Deed
$175,000 · James & Jean Gibson
Apr 24, 2003
—
Ki C Yi
Tang,tien L & Maeng H
Grant Deed
$265,931 · City Bank
Sep 18, 2002
$240,000
Tien L Tang
Yi,ki C
Grant Deed
$235,380 · City Bank
Dec 27, 1999
$242,900
Ki C Yi
A & K Partnership
Grant Deed
$180,000 · Wilshire State Bank
Mar 24, 1998
—
A & K Partnership
Shim,ok C & Sandy S
Quit Claim Deed
related
—
Mar 10, 1998
$174,488
Shim,ok C & Sandy S
Pynors Market & Dell
Trustees Deed
$155,000 · Wilshire State Bank
—
—
Rocket Land 1 LLC
—
Deed Of Trust
related
$649,906 · Whatcom Educational Cu
—
—
Rocket Land 1 LLC
—
Deed Of Trust
related
$380,000 · Matthew A & Uio I S Liao-troth
—
—
Rocket Land 1 LLC
—
Deed Of Trust
related
$560,000 · Whatcom Educational Cu
—
—
Rocket Land 1 LLC
—
Deed Of Trust
related
$100,000 · Whatcom Educational Cu
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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