Entity Owned Property summary
AI-generated overview
The property consists of a 1,925-square-foot interior commercial space in Bellingham, Washington, configured for office, medical, or retail use. The space was previously used as a chiropractic practice.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1954
Total area
11,808 SF
Lot
0.53 ac (22,873 SF)
Zoning code
CCM
APN
380331 073483 0000
UPID
US90-1168232
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant
-
Hair Salon Nail Salon
-
Physician
-
Alternative Medicine Practice
-
Courier Service Postal Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$544k
Blend (final)
Blend
$545k
Owner & transaction history
since 2004
7 recorded transactions
Zoning & alternative use
CCM · Bellingham, WA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$545k
Value range
$491k – $600k
±10% around blend
Estimated value / SF
$46 / SF
Confidence
Property data
88
Comparable evidence
60
$491k
blend $545k
$600k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,808 SF
Lot area
0.53 ac
Year built
1954
APN
380331 073483 0000
Zoning
CCM
Assessed value
$2,433,978
Annual tax
$19,797
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$544k
Range $250k – $698k
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$545k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.43M
Move the market yield to see immediate price impact.
Value / SF
$206
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$153k
$3.07M
$2.19M
$1.70M
$170k
$3.41M
$2.43M
$1.89M
$187k
$3.75M
$2.68M
$2.08M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$19,797
Tax year 2021
Assessed value
$2,433,978
Assessed 2022
Previous assessed
$2,433,978
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$1,051,793
Assessed improvement
$1,382,185
Land market value
$1,051,793
Improvement market value
$1,382,185
Total market value
$2,433,978
Applied tax rate
109.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1954
Heating
NONE
Cooling
YES
Total area
11,808 SF
Lot
0.53 ac (22,873 SF)
Zoning code
CCM
APN
380331 073483 0000
UPID
US90-1168232
Jurisdiction
WHATCOM
Zoning & alternative use
CCM · Bellingham, WAZoning CCM · permitted uses
CCM · Bellingham, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1954
Heating
NONE
Cooling
Yes
Lot
0.53 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CCM
Jurisdiction
Bellingham, WA
Recorded code
CCM
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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