Entity Owned 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
Current use
Occupant on record · Public records
-
Property Management Company
-
Alternative Medicine Practice Spa & Massage Center
-
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
since 2014
7 recorded transactions
Zoning & alternative use
PCM2.5 · Bellingham, WA
Top alternative use upside
Restaurant
$9.5M
+31.1%
Office building
$8.4M
+16.6%
Medical building
$7.5M
+3.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$7.74M
Value range
$6.96M – $8.51M
±10% around blend
Estimated value / SF
$320 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable evidence
60
$6.96M
blend $7.74M
$8.51M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
24,191 SF
Lot area
2.27 ac
Year built
2015
Stories
1
APN
380213 223526 0000
Assessed value
$6,825,686
Annual tax
$29,393
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.73M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$5.12M
@ 6.5% CAP return
$4.73M
@ 7% CAP return
$4.39M
4
Sales comparison
Partial preview
Sales approach indication
$10.67M
Range $5.13M – $10.67M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$7.74M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 72 sales
$299
+7%
Submarket 193 sales
$298
+7%
County 353 sales
$279
+15%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $320/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+31%
vs current-use indication
Office Building
Medical Building
Commercial (general) · current use
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.83M
Move the market yield to see immediate price impact.
Value / SF
$282
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$430k
$8.60M
$6.14M
$4.78M
$478k
$9.56M
$6.83M
$5.31M
$526k
$10.51M
$7.51M
$5.84M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, WAZoning PCM2.5 · permitted uses
PCM2.5 · Bellingham, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
PCM2.5
Jurisdiction
Bellingham, WA
Recorded code
PCM2.5
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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