New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Office buildings
541 Bakerview Rd, Bellingham, WA 98226-9171
Entity Owned
14-yr Hold
Free & Clear
Property ID
US90-3351155
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2012
Total area
5,317 SF
Lot
1.11 ac (48,439 SF)
Zoning code
PCM2.5
APN
380213 242544 0000
UPID
US90-3351155
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
-
Windermere Property Management Bellingham Property Management Company Apartment Rental Agency
-
Windermere Association Management Homeowners' Association
-
Town Square Real Estate Agency
-
Digby Heights HOA Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.22M
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.29M
Owner & transaction history
Washburn-wight LLC · 14 yrs held
Washburn-wight LLC
since 2011
7 recorded transactions
Zoning & alternative use
PCM2.5 · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.1M
+12.4%
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%
$1,325,000
6.5%
$1,220,000
7%
$1,135,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,855,000
Current use
RESTAURANT
$2,085,000
Change: +12% · Conversion: Moderate
MEDICAL BUILDING
$1,650,000
Change: -11% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,590,000
Change: -14% · Conversion: Easy
RETAIL STORES
$1,560,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±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
$242 / 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
$8,073
Tax year 2021
Assessed value
$1,369,695
Assessed 2022
Previous assessed
$1,369,695
+0.0% YoY
Effective rate
0.59%
On assessed value
Assessed land
$597,661
Assessed improvement
$772,034
Land market value
$597,661
Improvement market value
$772,034
Total market value
$1,369,695
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2012
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Bathrooms
1
Total area
5,317 SF
Lot
1.11 ac (48,439 SF)
Zoning code
PCM2.5
APN
380213 242544 0000
UPID
US90-3351155
Jurisdiction
WHATCOM
Zoning & alternative use
PCM2.5 · Bellingham, WA
Zoning PCM2.5 · permitted uses
PCM2.5 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.9M
RESTAURANT
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES
Est. value
$1.6M
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2012
Heating
HEAT PUMP
Cooling
Yes
Bathrooms
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
Washburn-wight LLC
Entity
Free & Clear · 14 yrs held
Mailing address
541 W BAKERVIEW RD, BELLINGHAM, WA 98226-9171
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2011
$142,370
Washburn-wight LLC
Wight,douglas M & Lynn M
Quit Claim Deed
related
—
Jan 3, 2011
—
Daniel B Washburn
—
Trustees Deed
related
$1,125,000 · Whatcom Educational Cu
Jul 1, 2004
$350,000
Daniel B Washburn
Homestead Nw Dev
Warranty Deed
$227,500 · Banner Bank
—
—
Homestead Northwest INC
—
Deed Of Trust
related
$850,000 · Individual
—
—
Daniel B Washburn
—
Deed Of Trust
related
$1,125,000 · Whatcom Educational Cu
—
—
Washburn-wight LLC
—
Deed Of Trust
related
$1,125,000 · Whatcom Educational Cu
—
—
Homestead Northwest INC
—
Deed Of Trust
related
$200,000 · Goodman Trust
—
—
Daniel B Washburn
—
Deed Of Trust
related
$1,125,000 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 541 Bakerview Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
