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Property profile & analytics
OFF-MARKET
Estimated value
$11,385,000
Refrigerated & Cold Storage
600 Orch Dr Bellingham, WA 98225-1753
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-2707893
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1979
Total area
245,430 SF
Lot
13.07 ac (569,329 SF)
Zoning code
LIL
APN
380318 255115 0000
UPID
US90-2707893
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
-
Bellingham Cold Storage Orchard Storage Facility Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.30M
Blend (final)
Blend
$11.39M
Owner & transaction history
Lineage Bcs LLC · 1 yrs held
Lineage Bcs LLC
since 2025
6 recorded transactions
Zoning & alternative use
LIL · 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
$11,695,000
ML approach
$11,155,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.39M
Range $10.25M – $12.52M · ±10%
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
$46 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$133,919
Tax year 2021
Assessed value
$17,556,036
Assessed 2022
Previous assessed
$17,556,036
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$3,416,850
Assessed improvement
$14,139,186
Land market value
$3,416,850
Improvement market value
$14,139,186
Total market value
$17,556,036
Applied tax rate
100.0000
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
1979
Heating
NONE
Cooling
YES
Total area
245,430 SF
Lot
13.07 ac (569,329 SF)
Zoning code
LIL
APN
380318 255115 0000
UPID
US90-2707893
Jurisdiction
WHATCOM
Zoning & alternative use
LIL · Bellingham, WA
Zoning LIL · permitted uses
LIL · 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
1979
Heating
NONE
Cooling
Yes
Lot
13.07 ac
Current owner
From public records · entity-resolved
Lineage Bcs LLC
Entity
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2025
—
Lineage Bcs LLC
Urg Bellingham Cold Storage LLC
Warranty Deed
—
Dec 8, 2023
—
Trans Ocean Product INC
Bcs Operations LLC
Lease
—
Dec 8, 2023
$10,420,000
Trans Ocean Products INC
Urg Bellingham Cold Storage LLC
Bargain And Sale Deed
$20,844,528 · Ffw Holdings LLC
Dec 28, 2018
—
Urg Bellingham Cold Storage Ll
—
Grant Deed
related
$22,500,000 · Washington Fed'l Svgs
Jun 15, 2018
$28,500,000
Urg Bellingham Cold Storage Ll
Bellingham Orchard Cold Storag
Grant Deed
related
—
—
—
Bellingham Orchard Cold
—
Deed Of Trust
related
$12,500,000 · Washington Fed'l Svgs
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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