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Property profile & analytics
FOR SALE
Automotive properties
851 Coho Way, Bellingham, WA 98225
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0117427
For Sale
1 / 9
$11,385,000
851 Coho Way, Bellingham, WA 98225
View Listing →
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1991
Total area
47,508 SF
Zoning code
CWF
APN
380225 125440 0099
UPID
US90-0117427
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
-
AXE Engineering Services General Contractor
-
Resilient Acupuncture + Fire Cupping Alternative Medicine Practice
-
Erin Schlichting CPA LLC Tax Preparation
-
Michele Siemion Alternative Medicine Practice Acupuncture
-
Sea Products West Inc Take-out & Catering Fish Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.35M
Blend (final)
Blend
$4.02M
Owner & transaction history
Bml Properties LLC · 10 yrs held
Bml Properties LLC
since 2015
6 recorded transactions
Zoning & alternative use
CWF · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.02M
Range $3.62M – $4.42M · ±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
$85 / 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
$47,492
Tax year 2024
Assessed value
$6,108,282
Assessed 2023
Previous assessed
$5,502,957
+11.0% YoY
Effective rate
0.78%
On assessed value
Assessed improvement
$6,108,282
Improvement market value
$6,108,282
Total market value
$6,108,282
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
For Sale
Year built
1991
Heating
NONE
Cooling
YES
Total area
47,508 SF
Zoning code
CWF
APN
380225 125440 0099
UPID
US90-0117427
Jurisdiction
WHATCOM
Zoning & alternative use
CWF · Bellingham, WA
Zoning CWF · permitted uses
CWF · 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
1991
Heating
NONE
Cooling
Yes
Current owner
From public records · entity-resolved
Bml Properties LLC
Entity
Free & Clear · 10 yrs held
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2017
—
Green House Data INC
—
Deed
related
$16,000 · Private Individual
Oct 6, 2015
—
Bml Properties LLC
Chesledon,w Bryan & Marylou
Quit Claim Deed
related
—
Oct 1, 2001
$5,584,314
Chesledon W B
Nelson Harbor Building LLC
Grant Deed
$3,600,000 · Peoples Bank & Trust
—
—
Nelson Harbor Building LLC
—
Deed Of Trust
related
$1,500,000 · Peoples Bank & Trust
—
—
Green House Data INC
—
Deed Of Trust
related
$16,000 · Private Individual
—
—
Nelson Harbor Building LLC
—
Deed Of Trust
related
$3,375,000 · Peoples Bank & Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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