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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
5974 Guide Meridian Bellingham, WA 98226-9720
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1580710
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1964
Total area
2,388 SF
Lot
0.35 ac (15,398 SF)
Zoning code
RGC
APN
390319 010356 0000
UPID
US90-1580710
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
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Abarrotes Mary Corp · 4 yrs held
Abarrotes Mary Corp
since 2021
Last sale
$460,000
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,486
Tax year 2024
Assessed value
$450,758
Assessed 2023
Previous assessed
$313,271
+43.9% YoY
Effective rate
0.77%
On assessed value
Assessed land
$215,600
Assessed improvement
$235,158
Land market value
$215,600
Improvement market value
$235,158
Total market value
$450,758
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1964
Heating
FORCED AIR
Cooling
YES
Total area
2,388 SF
Lot
0.35 ac (15,398 SF)
Zoning code
RGC
APN
390319 010356 0000
UPID
US90-1580710
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.
Building & site characteristics
From public records
Year built
1964
Heating
FORCED AIR
Cooling
Yes
Lot
0.35 ac
Current owner
From public records · entity-resolved
Abarrotes Mary Corp
Entity
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2021
$460,000
Abarrotes Mary Corp
J Fernando Ortiz Alvarez
Warranty Deed
$50,244 · Fernando Ortizalvarez
Jun 30, 2020
$300,000
J Fernando Ortiz-alvarez
C & M Properties LLC
Warranty Deed
$265,000 · C & M Props LLC
Dec 5, 2013
—
C & M Properties LLC
Mendelsohn,nancy
Quit Claim Deed
related
—
Oct 4, 2007
—
State Of Wa Dept/transportation
Deer Creek Water Assn
Quit Claim Deed
related
—
Feb 7, 2003
—
Washington State
C & M Properties LLC
Grant Deed
related
—
Jun 22, 2001
—
C & M Properties LLC
Cyr,clark
Grant Deed
related
—
—
—
C & M Properties LLC
—
Deed Of Trust
related
$150,000 · Peoples Bank & Trust
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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