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Property profile & analytics
OFF-MARKET
Estimated value
$5,190,000
Warehouses
840 Marine Dr Bellingham, WA 98225-8420
Trust Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-0350557
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2007
Total area
60,510 SF
Lot
5.88 ac (256,133 SF)
Zoning code
LII
APN
380223 121474 0000
UPID
US90-0350557
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
-
Pak-A-Nut Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.19M
Owner & transaction history
Harman Family Trust · 13 yrs held
Harman Family Trust
since 2013
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$86 / 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
$26,202
Tax year 2021
Assessed value
$4,723,740
Assessed 2022
Previous assessed
$4,723,740
+0.0% YoY
Effective rate
0.55%
On assessed value
Assessed land
$1,459,952
Assessed improvement
$3,263,788
Land market value
$1,459,952
Improvement market value
$3,263,788
Total market value
$4,723,740
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Heating
NONE
Total area
60,510 SF
Lot
5.88 ac (256,133 SF)
Zoning code
LII
APN
380223 121474 0000
UPID
US90-0350557
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
2007
Heating
NONE
Lot
5.88 ac
Current owner
From public records · entity-resolved
Harman Family Trust
Trust
Mailing address
840 MARINE DR, BELLINGHAM, WA 98225-8420
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
May 15, 2013
—
Harman Family Trust
Harman,jeffrey L & Charlot E
Quit Claim Deed
related
—
Apr 29, 2013
—
Harman Family Trust
Harman,jeffrey L & Charles E
Quit Claim Deed
related
—
Apr 6, 2007
—
H & I Holdings LLC
—
Trustees Deed
related
$200,000 · Bank Of Pacific
Jan 25, 2007
—
H & I Holdings LLC
—
Trustees Deed
related
$325,000 · Bank Of Pacific
Dec 9, 2005
—
Thomas P Irwin
Irwin,lucinda S
Quit Claim Deed
$1,675,000 · Bank Of Pacific
May 31, 2001
$250,000
Jeff L Harman
Marten,monabelle H
Grant Deed
$212,500 · Monabelle H
—
—
Harman Family Trust
—
Deed Of Trust
related
$2,633,000 · Bank Of The Pacific
—
—
H & I Holdings LLC
—
Deed Of Trust
related
$2,440,000 · Bank Of Pacific
—
—
Harman Family Trust
—
Deed Of Trust
related
$2,355,000 · Bank Of The Pacific
—
—
Jeff Harman
—
Deed Of Trust
related
$50,000 · 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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