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Property profile & analytics
OFF-MARKET
Estimated value
$3,125,000
Investment properties
909 Harris Ave, Bellingham, WA 98225-7080
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-0654482
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1888
Total area
12,399 SF
Lot
0.17 ac (7,501 SF)
Zoning code
CC
APN
370201 072105 0000
UPID
US90-0654482
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
-
Lasting Transitions Counseling Counselor
-
Jacaranda Corporation Construction Company General Contractor
-
Awen Bodywork Alternative Medicine Practice Spa & Massage Center
-
Marion Murray PLLC Marriage Or Relationship Counselor
-
SAMANTHA G. SMITH LMHC, NCC, CDWF Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.53M
CAP Approach
CAP
$2.42M
Comparable Approach
Comparable
$3.42M
Blend (final)
Blend
$3.13M
Owner & transaction history
Peoples Properties LLC · 2 yrs held
Peoples Properties LLC
since 2023
Last sale
$3.0M
4 recorded transactions
Zoning & alternative use
CC · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.9M
+41.2%
Office building
$4.3M
+23.5%
Medical building
$3.8M
+11.6%
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
$3,365,000
ML approach
$3,530,000
CAP Approach
CAP Return
Estimation
6%
$2,620,000
6.5%
$2,420,000
7%
$2,250,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,445,000
Current use
RESTAURANT
$4,865,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$4,255,000
Change: +24% · Conversion: Easy
MEDICAL BUILDING
$3,845,000
Change: +12% · Conversion: Easy
RETAIL STORES
$3,635,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$3.13M
Range $2.81M – $3.44M · ±10% · vs last sale $3.00M (Oct 26 2023)
Last sale anchor
$3.00M
Oct 26 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
$252 / 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
$19,543
Tax year 2021
Assessed value
$2,242,397
Assessed 2022
Previous assessed
$2,242,397
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$783,000
Assessed improvement
$1,459,397
Land market value
$783,000
Improvement market value
$1,459,397
Total market value
$2,242,397
Applied tax rate
111.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1888
Heating
FORCED AIR
Cooling
AC.FAN COOLING
Total area
12,399 SF
Lot
0.17 ac (7,501 SF)
Zoning code
CC
APN
370201 072105 0000
UPID
US90-0654482
Jurisdiction
WHATCOM
Zoning & alternative use
CC · Bellingham, WA
Zoning CC · permitted uses
CC · 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
COMMERCIAL (GENERAL) Current
Est. value
$3.4M
RESTAURANT
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$3.8M
RETAIL STORES
Est. value
$3.6M
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1888
Heating
FORCED AIR
Cooling
Yes
Lot
0.17 ac
Current owner
From public records · entity-resolved
Peoples Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
15966 N 80TH ST, SCOTTSDALE, AZ 85260-1988
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2025
—
Peoples Properties LLC
—
Deed
related
$1,400,000 · Global FCU
Oct 26, 2023
$3,000,000
Peoples Properties LLC
Glenn Dehekker
Warranty Deed
—
Nov 9, 2017
$2,350,000
Fairhaven Land Co LLC R & Tr
Fairhaven Land Dev LLC
Warranty Deed
related
$1,645,000 · Fairhaven Land Dev LLC
—
—
Fairhaven Land Dev LLC
—
Deed Of Trust
related
$250,000 · Whidbey Island Bank
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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