Entity Owned 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
Current use
Occupant on record · Public records
-
Counselor
-
Construction Company General Contractor
-
Alternative Medicine Practice Spa & Massage Center
-
Marriage Or Relationship Counselor
-
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
$3.37M
Owner & transaction history
since 2023
Last sale
$3.0M
4 recorded transactions
Zoning & alternative use
CC · Bellingham, WA
Top alternative use upside
Restaurant
$4.9M
+41.2%
Office building
$4.3M
+23.5%
Medical building
$3.8M
+11.6%
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.
All 4 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.37M
Value range
$3.03M – $3.70M
±10% around blend
Estimated value / SF
$271 / SF
Confidence
Low
4 county-verified comps
Property data
75
Market benchmarks
100
Comparable evidence
40
$3.03M
blend $3.37M
$3.70M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,399 SF
Lot area
0.17 ac
Year built
1888
APN
370201 072105 0000
Assessed value
$2,242,397
Annual tax
$19,543
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.42M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.62M
@ 6.5% CAP return
$2.42M
@ 7% CAP return
$2.25M
4
Sales comparison
Partial preview
Sales approach indication
$1.38M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
20.0 mi away · 14,868 SF
20.1 mi away · 11,222 SF
23.1 mi away · 13,247 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.37M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 67 sales
$278
-2%
Submarket 193 sales
$298
-9%
County 353 sales
$279
-3%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $271/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+41%
vs current-use indication
Office Building
Medical Building
Retail Stores
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
4.70%
Implied, in-place cap rate for this investment properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.70%
9.0%
NOI (est.)
$210k *
Last sale · Oct 2023
$3.00M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.47M
Move the market yield to see immediate price impact.
Value / SF
$360
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
4.20%4.70%5.20%
$189k
$4.50M
$4.02M
$3.63M
$210k
$5.00M
$4.47M
$4.04M
$231k
$5.50M
$4.91M
$4.44M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$900k
2.4 mi · Jan 2026 · $82/SF
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
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
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, WAZoning CC · permitted uses
CC · 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
1888
Heating
FORCED AIR
Cooling
Yes
Lot
0.17 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CC
Jurisdiction
Bellingham, WA
Recorded code
CC
Ownership Intelligence
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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.
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