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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Residential income homes
607 Gdn St, Bellingham, WA 98225-5404
Individually Owned
24-yr Hold
Property ID
US90-1539510
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1926
Total area
5,231 SF
Lot
0.16 ac (6,970 SF)
Zoning code
RM1.5
APN
380331 013350 0000
UPID
US90-1539510
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$626k
Blend (final)
Blend
$600k
Owner & transaction history
John H Friesen · 24 yrs held
John H Friesen
since 2002
7 recorded transactions
Zoning & alternative use
RM1.5 · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$850,000
+9.4%
Retail stores
$785,000
+1.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$775,000
Current use
MEDICAL BUILDING
$850,000
Change: +9% · Conversion: Moderate
RETAIL STORES
$785,000
Change: +1% · Conversion: Difficult
RESTAURANT
$655,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$115 / 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
$8,534
Tax year 2021
Assessed value
$1,198,639
Assessed 2022
Previous assessed
$1,198,639
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$566,784
Assessed improvement
$631,855
Land market value
$566,784
Improvement market value
$631,855
Total market value
$1,198,639
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1926
Heating
NONE
Total area
5,231 SF
Lot
0.16 ac (6,970 SF)
Zoning code
RM1.5
APN
380331 013350 0000
UPID
US90-1539510
Jurisdiction
WHATCOM
Zoning & alternative use
RM1.5 · Bellingham, WA
Zoning RM1.5 · permitted uses
RM1.5 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$775,000
MEDICAL BUILDING
Est. value
$850,000
RETAIL STORES
Est. value
$785,000
RESTAURANT
Est. value
$655,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RETAIL STORES
RESTAURANT
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
1926
Heating
NONE
Lot
0.16 ac
Current owner
From public records · entity-resolved
John H Friesen
Individual
Mailing address
1028 13TH ST, BELLINGHAM, WA 98225-6636
Ownership since
2002
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
Sep 29, 2020
—
John H Friesen
—
Deed
related
—
Jun 7, 2018
—
John H Friesen
—
Deed
related
$1,064,000 · Umpqua Bk
May 30, 2002
$300,000
John H Friesen
Macdonald,terrence P
Grant Deed
$270,000 · Washington Mutual Fsb
—
—
John H Friesen
—
Deed Of Trust
related
$431,250 · Washington Mutual Fsb
—
—
John H Frisen
—
Deed Of Trust
related
$431,250 · Washington Mutual Fsb
—
—
John H Friesen
—
Loan Modification
related
$1,064,000 · Umpqua Bk
—
—
John H Friesen
—
Loan Modification
related
—
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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