Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Grocery and convenience stores
5927 Guide Meridian Bellingham, WA 98226-9787
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0434096
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1997
Total area
3,224 SF
Lot
3.74 ac (162,827 SF)
Zoning code
RGC
APN
390224 506303 0000
UPID
US90-0434096
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
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.48M
Owner & transaction history
5927 Meridian LLC · 5 yrs held
5927 Meridian LLC
since 2021
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
RGC · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+19.0%
Medical building
$1.0M
+5.7%
Commercial (general)
$965,000
+2.1%
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
$1,680,000
ML approach
$1,645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$945,000
Current use
OFFICE BUILDING
$1,125,000
Change: +19% · Conversion: Easy
MEDICAL BUILDING
$1,000,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$965,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±10% · vs last sale $1.40M (May 4 2021)
Last sale anchor
$1.40M
May 4 2021
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
$458 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$13,991
Tax year 2024
Assessed value
$1,808,824
Assessed 2023
Previous assessed
$1,834,904
-1.4% YoY
Effective rate
0.77%
On assessed value
Assessed land
$1,042,099
Assessed improvement
$766,725
Land market value
$1,042,099
Improvement market value
$766,725
Total market value
$1,808,824
Applied tax rate
5,020.0000
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
1997
Heating
NONE
Cooling
YES
Total area
3,224 SF
Lot
3.74 ac (162,827 SF)
Zoning code
RGC
APN
390224 506303 0000
UPID
US90-0434096
Jurisdiction
WHATCOM
Zoning & alternative use
RGC · Bellingham, WA
Zoning RGC · permitted uses
RGC · 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
RETAIL STORES Current
Est. value
$945,000
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$965,000
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1997
Heating
NONE
Cooling
Yes
Lot
3.74 ac
Current owner
From public records · entity-resolved
5927 Meridian LLC
Entity
Mailing address
693 HUMPHREY PL, BURLINGTON, WA 98233-4042
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2021
$1,400,000
5927 Meridian LLC
Crazy Bobs LLC
Warranty Deed
$1,500,000 · Pacific City Bank
Jul 26, 2018
—
Crazy Bobs LLC
—
Deed
related
$351,247 · Private Individual
Oct 2, 2017
—
Crazy Bobsllc
—
Deed
related
$829,000 · Savibank
Feb 26, 2010
$1,462,500
Crazy Bobs LLC
Whatcom Educational Cu
Warranty Deed
$1,194,600 · Whatcom Farmers Co-op
Oct 4, 2007
—
State Of Wa Dept/transportation
Deer Creek Water Assn
Quit Claim Deed
related
—
Jun 20, 2003
—
Washington State
Whatcom Farmers Co-op
Grant Deed
related
—
Mar 17, 1997
$349,000
Pulley Corp
Byun,robert S & Anne S
Grant Deed
$169,000 · Seller
—
—
Greg Pulley
—
Deed Of Trust
related
—
—
—
Julie Carney & Crazy Bobs LLC
—
Deed Of Trust
related
$48,000 · David Industries
—
—
Crazy Bobsllc
—
Deed Of Trust
related
$829,000 · Savibank
—
—
Crazy Bobs LLC
—
Deed Of Trust
related
$351,247 · Private Individual
—
—
Whatcom Farmers Co-op
—
Deed Of Trust
related
$600,000 · Cenex Fin Assoc INC
—
—
Pulley Corp
—
Deed Of Trust
related
$1,263,691 · Skagit State Bank
—
—
Crazy Bobs LLC
—
Deed Of Trust
related
$61,693 · Reisner Distributor INC
—
—
Pulley Corp
—
Deed Of Trust
related
$100,000 · Whidbey Island Bank
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 5927 Guide Meridian?
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.
