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Property profile & analytics
OFF-MARKET
Estimated value
$7,735,000
Investment properties
557 Bakerview Rd, Bellingham, WA 98226-9320
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-3305108
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2015
Total area
24,191 SF
Lot
2.27 ac (98,751 SF)
Zoning code
PCM2.5
APN
380213 223526 0000
UPID
US90-3305108
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
-
Roma Management Property Management Company
-
Healing Hands Massage & Foot SPA Alternative Medicine Practice Spa & Massage Center
-
Joyful Healing Massage and Foot Reflexology Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.73M
Comparable Approach
Comparable
$10.67M
Blend (final)
Blend
$7.74M
Owner & transaction history
Romark Flats LLC · 11 yrs held
Romark Flats LLC
since 2014
7 recorded transactions
Zoning & alternative use
PCM2.5 · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.5M
+31.1%
Office building
$8.4M
+16.6%
Medical building
$7.5M
+3.6%
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%
$5,115,000
6.5%
$4,725,000
7%
$4,385,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,240,000
Current use
RESTAURANT
$9,495,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$8,445,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$7,505,000
Change: +4% · Conversion: Easy
RETAIL STORES
$7,095,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$7.74M
Range $6.96M – $8.51M · ±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
$320 / 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
$29,393
Tax year 2021
Assessed value
$6,825,686
Assessed 2022
Previous assessed
$6,825,686
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$1,706,100
Assessed improvement
$5,119,586
Land market value
$1,706,100
Improvement market value
$5,119,586
Total market value
$6,825,686
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2015
Heating
OTHER
Cooling
YES
Buildings
2
Stories
1
Bathrooms
2
Total area
24,191 SF
Lot
2.27 ac (98,751 SF)
Zoning code
PCM2.5
APN
380213 223526 0000
UPID
US90-3305108
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
COMMERCIAL (GENERAL) Current
Est. value
$7.2M
RESTAURANT
Est. value
$9.5M
OFFICE BUILDING
Est. value
$8.4M
MEDICAL BUILDING
Est. value
$7.5M
RETAIL STORES
Est. value
$7.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
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
2015
Heating
OTHER
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
2.27 ac
Current owner
From public records · entity-resolved
Romark Flats LLC
Entity
Mailing address
1552 FRUITLAND DR, BELLINGHAM, WA 98226-1201
Ownership since
2014
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
Dec 23, 2014
—
Romark Flats LLC
Savchuk,sergey & Svetlana
Quit Claim Deed
related
—
Nov 16, 2005
$375,000
Sergey Savchuk
Griffin,sarah N
Warranty Deed
$400,000 · Frontier Bank
Jun 3, 1996
$50,300
Bellingham City
Griffin,ronald N
Grant Deed
—
—
—
Romark Flats LLC
—
Deed Of Trust
related
$350,000 · Om Sharma
—
—
Romark Flats LLC
—
Deed Of Trust
related
$2,200,000 · Whitehorn LLC
—
—
Romark Flats LLC
—
Deed Of Trust
related
$4,357,500 · Spokane Teachers Cu
—
—
Sergey Savchuk
—
Deed Of Trust
related
$100,000 · Richard S Rockwell
—
—
Sergey Savchuk
—
Deed Of Trust
related
$200,000 · Bar-rental LLC
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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