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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Turn key restaurants
5962 Guide Meridian, Bellingham, WA 98226-9720
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0117929
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1954
Total area
1,560 SF
Lot
0.53 ac (22,982 SF)
Zoning code
RGC
APN
390319 014342 0000
UPID
US90-0117929
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
$920k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$549k
Blend (final)
Blend
$880k
Owner & transaction history
Dtl Properties LLC · 3 yrs held
Dtl Properties LLC
since 2022
Last sale
$888,000
5 recorded transactions
Zoning & alternative use
RGC · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$820,000
ML approach
$920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$610,000
Current use
OFFICE BUILDING
$545,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$880k
Range $792k – $968k · ±10% · vs last sale $888k (Sep 30 2022)
Last sale anchor
$888k
Sep 30 2022
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
$564 / 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
$3,796
Tax year 2024
Assessed value
$490,840
Assessed 2023
Previous assessed
$458,754
+7.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$298,766
Assessed improvement
$192,074
Land market value
$298,766
Improvement market value
$192,074
Total market value
$490,840
Applied tax rate
5,005.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1954
Heating
NONE
Cooling
YES
Buildings
2
Total area
1,560 SF
Lot
0.53 ac (22,982 SF)
Zoning code
RGC
APN
390319 014342 0000
UPID
US90-0117929
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
RESTAURANT Current
Est. value
$610,000
OFFICE BUILDING
Est. value
$545,000
RESTAURANT Current
OFFICE BUILDING
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
1954
Heating
NONE
Cooling
Yes
Buildings
2
Lot
0.53 ac
Current owner
From public records · entity-resolved
Dtl Properties LLC
Entity
Mailing address
1283 MARALEE LN, BELLINGHAM, WA 98226-9022
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2022
$888,000
Dtl Properties LLC
Carole A Harrington
Warranty Deed
$666,000 · Carole Harrington
Oct 4, 2007
—
State Of Wa Dept/transportation
Deer Creek Water Assn
Quit Claim Deed
related
—
Jul 21, 2006
$450,000
Carole A Burton
Trott,timothy H & Jacqueline M
Warranty Deed
$150,000 · Whidbey Island Bank
Feb 11, 2000
$332,500
Timothy H Trott
Beck,terrie
Grant Deed
$185,000 · Horizon Bank
—
—
Timothy H Trott
—
Deed Of Trust
related
$320,000 · 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.
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