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Property profile & analytics
OFF-MARKET
Estimated value
$1,790,000
Hotels
804 10th St Bellingham, WA 98225-6245
Entity Owned
26-yr Hold
Free & Clear
Property ID
US90-0770003
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2000
Total area
41,365 SF
Lot
0.63 ac (27,652 SF)
Zoning code
C
APN
370201 060357 0000
UPID
US90-0770003
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 Chrysalis Inn & Spa Bellingham, Curio Collection by Hilton Hotel & Motel
-
Keenan's at the Pier Restaurant
-
Spa at The Chrysalis Inn Bellingham Spa & Massage Center
-
Chrysalis Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.36M
Blend (final)
Blend
$1.79M
Owner & transaction history
Keenko LLC · 26 yrs held
Keenko LLC
since 1999
7 recorded transactions
Zoning & alternative use
C · 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
$1,225,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,295,000
Current use
Blend value · Realmo final
$1.79M
Range $1.61M – $1.97M · ±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
$43 / 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
$106,879
Tax year 2021
Assessed value
$10,571,707
Assessed 2022
Previous assessed
$10,571,707
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$2,488,500
Assessed improvement
$8,083,207
Land market value
$2,488,500
Improvement market value
$8,083,207
Total market value
$10,571,707
Applied tax rate
111.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2000
Heating
NONE
Cooling
YES
Units
43
Total area
41,365 SF
Lot
0.63 ac (27,652 SF)
Zoning code
C
APN
370201 060357 0000
UPID
US90-0770003
Jurisdiction
WHATCOM
Zoning & alternative use
C · Bellingham, WA
Zoning C · permitted uses
C · 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
HOTEL/MOTEL Current
Est. value
$1.3M
HOTEL/MOTEL Current
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
2000
Heating
NONE
Cooling
Yes
Units
43
Lot
0.63 ac
Current owner
From public records · entity-resolved
Keenko LLC
Entity
Free & Clear · 26 yrs held
Mailing address
804 10TH ST, BELLINGHAM, WA 98225-6245
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2017
—
Keenko LLC
—
Deed
related
$2,200,000 · First Nat'l Bk/omaha
Feb 12, 2010
—
Keenko LLC
—
Deed Of Trust
related
$2,752,000 · Bank Of Pacific
Dec 21, 2000
—
Northwest Hospitality Dev LLC
—
Deed Of Trust
related
$2,300,000 · James D & Betty J
Sep 7, 1999
$1,396,078
Keenko LLC
Jacaranda Land Corp
Grant Deed
—
Dec 26, 1996
$900,000
Jacaranda Land Corp
Mcevoy,patrick C & Virginia M
Quit Claim Deed
related
—
—
—
Keenko LLC
—
Deed Of Trust
related
$2,700,000 · Ann
—
—
Keenkollc
—
Deed Of Trust
related
$700,000 · Lisa Mudd-keenan
—
—
Keenko LLC
—
Deed Of Trust
related
$2,200,000 · First Nat'l Bk/omaha
—
—
Keenko LLC
—
Deed Of Trust
related
$3,750,000 · Peoples Bank & Trust
—
—
Keenko LLC
—
Deed Of Trust
related
$4,400,000 · First National Bank N Platte
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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