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Property profile & analytics
OFF-MARKET
Estimated value
$1,370,000
Commercial land
870 Bakerview Rd Bellingham, WA 98226-9155
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-2730816
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1937
Total area
935 SF
Lot
2.34 ac (102,148 SF)
Zoning code
PCM2.5
APN
380212 041030 0000
UPID
US90-2730816
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
$1.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.37M
Owner & transaction history
Bakerview Northwest LLC · 2 yrs held
Bakerview Northwest LLC
since 2023
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
PCM2.5 · 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
$1,410,000
ML approach
$1,480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.37M
Range $1.23M – $1.51M · ±10% · vs last sale $1.30M (Sep 19 2023)
Last sale anchor
$1.30M
Sep 19 2023
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
$1,465 / 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
$7,916
Tax year 2024
Assessed value
$1,018,140
Assessed 2023
Previous assessed
$993,307
+2.5% YoY
Effective rate
0.78%
On assessed value
Assessed land
$1,018,140
Land market value
$1,018,140
Total market value
$1,018,140
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1937
Heating
FORCED AIR
Stories
1
Bathrooms
1
Total area
935 SF
Lot
2.34 ac (102,148 SF)
Zoning code
PCM2.5
APN
380212 041030 0000
UPID
US90-2730816
Jurisdiction
WHATCOM
Zoning & alternative use
PCM2.5 · Bellingham, WA
Zoning PCM2.5 · permitted uses
PCM2.5 · 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
1937
Heating
FORCED AIR
Stories
1
Bathrooms
1
Lot
2.34 ac
Current owner
From public records · entity-resolved
Bakerview Northwest LLC
Entity
Mailing address
1846 WILDHAVEN CRST, BELLINGHAM, WA 98226-8658
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2023
$1,300,000
Bakerview Northwest LLC
Sunny Oak LLC
Warranty Deed
—
Jan 9, 2017
$1,000,000
Sunny Oak LLC
Abcs Of Gi LLC
Warranty Deed
—
Oct 10, 2003
$650,000
Abcs Of Gi LLC
Cole & Graham Gp
Grant Deed
$553,000 · Washington Mutual Fsb
Jul 14, 1998
$77,671
Cole Estates
West Bakerview Joint Venture
Grant Deed
$186,509 · Bank Of Bellingham
Aug 3, 1995
$75,000
Cole
Gilbert Properties INC
Grant Deed
—
—
—
Gilbert Properties INC
—
Deed Of Trust
related
$195,000 · Bank Of Bellingham
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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