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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Automotive properties
717 Squalicum Way Bellingham, WA 98225-2055
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0133837
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1974
Total area
5,608 SF
Zoning code
CWF
APN
380225 125440 0107
UPID
US90-0133837
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
-
Cup Dynasty Boat Charter Boat Rental Service
-
OceanAire Yachts (Bike/Boat/Book/etc) Store Production Facility
-
Hmc Systems Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$945k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$955k
Owner & transaction history
Apt Marine & Charter Services LLC · 4 yrs held
Apt Marine & Charter Services LLC
since 2022
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
CWF · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+60.5%
Warehouse, storage
$1.1M
+16.5%
Industrial (general)
$1.0M
+5.0%
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
$1,080,000
ML approach
$945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$970,000
Current use
COMMERCIAL (GENERAL)
$1,560,000
Change: +60% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,130,000
Change: +16% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,020,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±10% · vs last sale $900k (May 27 2022)
Last sale anchor
$900k
May 27 2022
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
$170 / 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
$3,783
Tax year 2024
Assessed value
$486,521
Assessed 2023
Previous assessed
$472,351
+3.0% YoY
Effective rate
0.78%
On assessed value
Assessed improvement
$486,521
Improvement market value
$486,521
Total market value
$486,521
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1974
Heating
NONE
Cooling
YES
Total area
5,608 SF
Zoning code
CWF
APN
380225 125440 0107
UPID
US90-0133837
Jurisdiction
WHATCOM
Zoning & alternative use
CWF · Bellingham, WA
Zoning CWF · permitted uses
CWF · 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
AUTO REPAIR, GARAGE Current
Est. value
$970,000
COMMERCIAL (GENERAL)
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
INDUSTRIAL (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
1974
Heating
NONE
Cooling
Yes
Current owner
From public records · entity-resolved
Apt Marine & Charter Services LLC
Entity
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
May 27, 2022
—
Apt Marine & Charter Services LLC
M Kov INC
Quit Claim Deed
related
—
Feb 22, 2022
$900,000
M Kov INC
Charlot E Harman
Warranty Deed
—
Apr 29, 2013
—
Harman Family Trust
Harman,jeffrey L & Charles E
Quit Claim Deed
related
—
Apr 17, 2013
—
Harman Family Trust
Harman,jeffrey L & Charlot E
Quit Claim Deed
related
—
Dec 9, 2005
—
H & I Holdings LLC
Harman,jeff L & Charlot E
Quit Claim Deed
related
$1,675,000 · Bank Of Pacific
Jul 1, 2004
$225,000
Jeff L Harman
Schenk,c L & Frances E
Warranty Deed
$157,500 · C L & Frances E Schenk
—
—
H & I Holdings LLC
—
Deed Of Trust
related
$2,440,000 · Bank Of Pacific
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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