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Property profile

5645 Guide Meridian Bellingham, WA 98226

OFF-MARKET
Turn key restaurants
Property ID
US90-0117928
View Sample
4,428 SF 0.89 ac lot Built 2005
Entity Owned 11-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional Bellingham restaurant presents a rare opportunity for discerning entrepreneurs and investors. Situated on a highly visible, major arterial road connecting the U.S. and Canada, this established eatery enjoys a prime location just four miles north of Interstate 5 and less than a ten-minute drive to downtown Bellingham. Built in 2004, the well-maintained 4,600 square foot building sits on a nearly one-acre lot offering ample parking for 38 vehicles. The property boasts a large main kitchen perfectly complemented by an additional 850 square foot catering kitchen, allowing for diverse culinary operations. With a seating capacity of 116, including eight seats at the full-service bar, this restaurant is ready to serve. The sale includes both the land and the building

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2005
Total area 4,428 SF
Lot 0.89 ac (38,651 SF)
Zoning code RGC
APN 390225 510460 0000
UPID US90-0117928

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2015
7 recorded transactions
2015
$1.6M
2007
Price N/A
2002
Price N/A
2001
$340,500
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

RGC · Bellingham, WA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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