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Property profile & analytics
OFF-MARKET
Estimated value
$1,680,000
Turn key restaurants
716 Alabama St, Bellingham, WA 98225-3829
Entity Owned
~
Est. High Equity
Property ID
US90-1390995
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1975
Total area
3,060 SF
Lot
0.46 ac (19,998 SF)
Zoning code
NC10B
APN
380319 539075 0000
UPID
US90-1390995
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
-
The Filling Station - Sunnyland Station Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.68M
Owner & transaction history
D & S Rentals LLC
D & S Rentals LLC
since 2025
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
NC10B · 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
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
RESTAURANT
$1,200,000
Current use
OFFICE BUILDING
$1,050,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$1.68M
Range $1.51M – $1.85M · ±10% · vs last sale $1.70M (May 8 2025)
Last sale anchor
$1.70M
May 8 2025
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
$549 / 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
$8,993
Tax year 2021
Assessed value
$1,059,909
Assessed 2022
Previous assessed
$1,059,909
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$719,200
Assessed improvement
$340,709
Land market value
$719,200
Improvement market value
$340,709
Total market value
$1,059,909
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1975
Heating
NONE
Total area
3,060 SF
Lot
0.46 ac (19,998 SF)
Zoning code
NC10B
APN
380319 539075 0000
UPID
US90-1390995
Jurisdiction
WHATCOM
Zoning & alternative use
NC10B · Bellingham, WA
Zoning NC10B · permitted uses
NC10B · 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
$1.2M
OFFICE BUILDING
Est. value
$1.1M
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
1975
Heating
NONE
Lot
0.46 ac
Current owner
From public records · entity-resolved
D & S Rentals LLC
Entity
Mailing address
PO BOX 30335, BELLINGHAM, WA 98228-2335
Mailing matches property
Yes
Owner-occupied
Yes
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2025
$1,700,000
D & S Rentals LLC
Fornerlees Drive In LLC
Warranty Deed
—
Mar 15, 2022
—
Formerlees Drive In LLC
—
Deed
related
$865,000 · North Coast Cu
Jun 3, 2019
—
Formerlees Drive-in LLC
Trott,timothy H & Jacqueline M
Warranty Deed
related
—
Feb 5, 2019
—
Timothy H Trott
—
Deed
related
$49,000 · North Coast Cu
Nov 6, 2017
—
Timothy H Trott
—
Deed
related
$825,825 · North Coast Cu
—
—
Timothy H Trott
—
Deed Of Trust
related
$49,000 · North Coast Cu
—
—
Timothy H Trott
—
Deed Of Trust
related
$805,000 · North Coast Cu
—
—
Timothy H Trott
—
Deed Of Trust
related
$587,452 · Whidbey Island Bank
—
—
Timothy H Trott
—
Deed Of Trust
related
$447,909 · Skagit State Bank
—
—
Atlas Tower Holdings LLC
—
Deed Of Trust
related
$3,000,000 · First Wstrn Bk
—
—
Timothy H Trott
—
Deed Of Trust
related
$100,000 · Whidbey Island Bank
—
—
Timothy H Trott
—
Deed Of Trust
related
$825,825 · North Coast Cu
—
—
Timothy H Trott
—
Deed Of Trust
related
$504,000 · Whidbey Island Bank
—
—
Timothy H Trott
—
Deed Of Trust
related
$750,000 · Whidbey Island Bank
—
—
Timothy H Trott
—
Deed Of Trust
related
$51,997 · Skagit 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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