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Property profile & analytics
OFF-MARKET
Commercial land
736 Bakerview Rd Bellingham, WA 98226-9154
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0420877
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1928
Total area
1,296 SF
Lot
2.42 ac (105,415 SF)
Zoning code
PCM2.5
APN
380212 092035 0000
UPID
US90-0420877
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
H & R Farms INC · 3 yrs held
H & R Farms INC
since 2023
Last sale
$360,000
4 recorded transactions
Zoning & alternative use
PCM2.5 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,684
Tax year 2024
Assessed value
$859,649
Assessed 2023
Previous assessed
$838,682
+2.5% YoY
Effective rate
0.78%
On assessed value
Assessed land
$859,649
Land market value
$859,649
Total market value
$859,649
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1928
Heating
FORCED AIR
Stories
2
Bathrooms
1
Total area
1,296 SF
Lot
2.42 ac (105,415 SF)
Zoning code
PCM2.5
APN
380212 092035 0000
UPID
US90-0420877
Jurisdiction
WHATCOM
Zoning & alternative use
PCM2.5 · Bellingham, WA
Zoning PCM2.5 · permitted uses
PCM2.5 · 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.
Building & site characteristics
From public records
Year built
1928
Heating
FORCED AIR
Stories
2
Bathrooms
1
Lot
2.42 ac
Current owner
From public records · entity-resolved
H & R Farms INC
Entity
Free & Clear · 3 yrs held
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2023
—
H & R Farms INC
R & H Farms INC
Quit Claim Deed
related
—
Sep 19, 2012
$360,000
R Farms
Washington Fedl Svgs
Grant Deed
—
Jul 2, 2009
$3,471,417
Horizon Bk
Dwtr & J Corp
Trustees Deed
related
—
—
—
Arnold J Olson
—
Deed Of Trust
related
$102,173 · 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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