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Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Office buildings
709 Dupont St, Bellingham, WA 98225-4051
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0854801
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1998
Total area
3,392 SF
Lot
0.18 ac (7,701 SF)
Zoning code
RM/OFF
APN
380330 076388 0000
UPID
US90-0854801
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
-
Langabeer & Tull Law Firm
-
Cloud Security Alliance (CSA) Charitable Organization Social Service Agency
-
Metcalf Hodges Ps: Burt David CPA Accounting Firm Tax Preparation
-
Metcalf Hodges Ps: Bressler Harte CPA Accounting Firm Tax Preparation
-
Metcalf Hodges Ps: Brown Oksana CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$1.34M
Owner & transaction history
Rmt Investments LLC · 6 yrs held
Rmt Investments LLC
since 2020
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
RM/OFF · 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
$1,650,000
ML approach
$1,665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,165,000
Current use
MEDICAL BUILDING
$1,050,000
Change: -10% · Conversion: Easy
RETAIL STORES
$995,000
Change: -15% · Conversion: Moderate
COMMERCIAL (GENERAL)
$945,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±10% · vs last sale $1.30M (Jun 11 2020)
Last sale anchor
$1.30M
Jun 11 2020
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
$394 / 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
$10,970
Tax year 2024
Assessed value
$1,410,962
Assessed 2023
Previous assessed
$1,271,138
+11.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$457,948
Assessed improvement
$953,014
Land market value
$457,948
Improvement market value
$953,014
Total market value
$1,410,962
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1998
Heating
NONE
Cooling
YES
Total area
3,392 SF
Lot
0.18 ac (7,701 SF)
Zoning code
RM/OFF
APN
380330 076388 0000
UPID
US90-0854801
Jurisdiction
WHATCOM
Zoning & alternative use
RM/OFF · Bellingham, WA
Zoning RM/OFF · permitted uses
RM/OFF · 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
OFFICE BUILDING Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$995,000
COMMERCIAL (GENERAL)
Est. value
$945,000
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
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
1998
Heating
NONE
Cooling
Yes
Lot
0.18 ac
Current owner
From public records · entity-resolved
Rmt Investments LLC
Entity
Mailing address
2553 CRES ST, FERNDALE, WA 98248-9684
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2020
$1,300,000
Rmt Investments LLC
709 Dupont LLC
Warranty Deed
$825,000 · Peoples Bk
Dec 28, 2012
$850,000
709 Dupont LLC
Rjl & Rmt LLC
Warranty Deed
$600,000 · Rjl & Rmt LLC
May 14, 1998
$500,000
L T S L LLC
Kohl Construction
Grant Deed
$392,000 · Whatcom State Bank
Sep 3, 1997
$68,000
Kohl Construction INC
Willey,laura J Phillips Estate
Grant Deed
$59,000 · Whatcom State Bank
—
—
L T S L LLC
—
Deed Of Trust
related
$110,000 · Whatcom State Bank
—
—
709 Dupont LLC
—
Deed Of Trust
related
$600,000 · Skagit State Bank
—
—
Ltl Bellingham LLC
—
Deed Of Trust
related
$456,804 · Skagit State Bank
—
—
Kohl Construction INC
—
Deed Of Trust
related
$50,000 · Individual
—
—
Kohl Construction INC
—
Deed Of Trust
related
$352,600 · Whatcom State 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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