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Property profile & analytics
OFF-MARKET
Estimated value
$1,365,000
Industrial properties
804 Marine Dr Bellingham, WA 98225-8420
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1061868
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
1958
Total area
19,856 SF
Lot
2.42 ac (105,415 SF)
Zoning code
LII
APN
380223 175414 0000
UPID
US90-1061868
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
$1.89M
Comparable Approach
Comparable
$860k
Blend (final)
Blend
$1.37M
Owner & transaction history
Sba Towers Ix LLC · 3 yrs held
Sba Towers Ix LLC
since 2023
7 recorded transactions
Zoning & alternative use
LII · 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%
$2,045,000
6.5%
$1,885,000
7%
$1,750,000
Blend value · Realmo final
$1.37M
Range $1.23M – $1.50M · ±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
$69 / 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
$10,363
Tax year 2021
Assessed value
$1,557,901
Assessed 2022
Previous assessed
$1,557,901
+0.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$664,400
Assessed improvement
$893,501
Land market value
$664,400
Improvement market value
$893,501
Total market value
$1,557,901
Applied tax rate
1,110.0000
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
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
Off-Market
Year built
1958
Heating
NONE
Cooling
YES
Total area
19,856 SF
Lot
2.42 ac (105,415 SF)
Zoning code
LII
APN
380223 175414 0000
UPID
US90-1061868
Jurisdiction
WHATCOM
Zoning & alternative use
LII · Bellingham, WA
Zoning LII · permitted uses
LII · 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
1958
Heating
NONE
Cooling
Yes
Lot
2.42 ac
Current owner
From public records · entity-resolved
Sba Towers Ix LLC
Entity
Mailing address
8051 CONGRESS AVE, BOCA RATON, FL 33487-1307
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2023
—
Sba Towers Ix LLC
Kevalena Properties LLC
Lease
—
May 7, 2010
—
Kevalena Properties LLC
Rollins,jay M
Quit Claim Deed
related
—
Dec 29, 2000
$225,000
Whirlwind Properties LLC
Saxton,judith A
Grant Deed
$314,400 · Money Store Investment Corp
May 10, 1996
—
Judith A Saxton
Saxton,william P
Quit Claim Deed
related
$160,000 · Interwest Savings Bank
—
—
Atlas Tower Holdings LLC
—
Deed Of Trust
related
$3,000,000 · First Wstrn Tr Bk
—
—
Judith A Saxton
—
Deed Of Trust
related
$50,000 · Key Bank NA
—
—
Kevalena Properties LLC
—
Deed Of Trust
related
$390,000 · Bank Of America
—
—
Whirlwind Properties LLC
—
Deed Of Trust
related
$315,000 · Us Bank NA
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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