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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Medical Office Space
814 Dupont St Bellingham, WA 98225-3103
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-3037861
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Total area
3,891 SF
Lot
0.23 ac (10,001 SF)
Zoning code
RM15OF
APN
380330 069418 0000
UPID
US90-3037861
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
-
RET Physical Therapy & Healthcare Specialists Formerly Northwest Physical Therapy Medical Clinic
-
Northwest Physical Therapy: Bellingham Medical Clinic
-
Nicholas Chamley Physician
-
Kimberly Mcbride Physician
-
Wool-Zee Co Inc Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$590k
Comparable Approach
Comparable
$689k
Blend (final)
Blend
$740k
Owner & transaction history
Little Miami LLC · 7 yrs held
Little Miami LLC
since 2018
7 recorded transactions
Zoning & alternative use
RM15OF · 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%
$635,000
6.5%
$590,000
7%
$545,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,205,000
Current use
RETAIL STORES
$1,140,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,080,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$190 / 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
$9,070
Tax year 2024
Assessed value
$1,166,581
Assessed 2023
Previous assessed
$1,050,974
+11.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$506,160
Assessed improvement
$660,421
Land market value
$506,160
Improvement market value
$660,421
Total market value
$1,166,581
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1986
Heating
NONE
Cooling
YES
Total area
3,891 SF
Lot
0.23 ac (10,001 SF)
Zoning code
RM15OF
APN
380330 069418 0000
UPID
US90-3037861
Jurisdiction
WHATCOM
Zoning & alternative use
RM15OF · Bellingham, WA
Zoning RM15OF · permitted uses
RM15OF · 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
MEDICAL BUILDING Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
MEDICAL BUILDING Current
RETAIL STORES
COMMERCIAL (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
1986
Heating
NONE
Cooling
Yes
Lot
0.23 ac
Current owner
From public records · entity-resolved
Little Miami LLC
Entity
Mailing address
911 CHUCKANUT SHR RD, BELLINGHAM, WA 98229-8925
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2019
—
Little Miami LLC
—
Deed
related
$561,868 · Heritage Bk
Dec 3, 2018
$1,109,000
Little Miami LLC
Wellspring Northwest LLC
Warranty Deed
$561,868 · Heritage Bk
Mar 28, 2008
—
Richard S Howell
Peapod Partners LLP
Quit Claim Deed
related
—
Mar 28, 2008
$700,280
Wellspring Northwest LLC
Richard S Howell
Warranty Deed
$778,378 · Peoples Bank
Feb 14, 2003
—
Peapod Partners LLP
Howel,richard S & Lois A
Quit Claim Deed
related
—
Feb 6, 2003
$184,980
Richard S Howell
Schwindt,joan M
Grant Deed
$114,000 · Joan M Schwindt
Jan 13, 2003
—
Richard E Howell
H & H Properties
Quit Claim Deed
related
—
—
—
Little Miami LLC
—
Deed Of Trust
related
$561,868 · Heritage Bk
—
—
Little Miami LLC
—
Deed Of Trust
related
$467,000 · Ameritrust Cdc
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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