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Property profile & analytics
FOR SALE
Super regional malls
Cordata Pkwy Bellingham, WA 98226
Individually Owned
Free & Clear
Property ID
US90-2488490
For Sale
1 / 11
$320,000
Cordata Pkwy, Bellingham, WA 98226
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Lot
0.27 ac (11,726 SF)
Zoning code
PIC
APN
380213 432526 0000
UPID
US90-2488490
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Miguel Rios Fajardo
Miguel Rios Fajardo
since 2026
7 recorded transactions
Zoning & alternative use
PIC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$62
Tax year 2024
Assessed value
$7,999
Assessed 2023
Previous assessed
$8,162
-2.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$7,999
Land market value
$7,999
Total market value
$7,999
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Sale
Heating
NONE
Lot
0.27 ac (11,726 SF)
Zoning code
PIC
APN
380213 432526 0000
UPID
US90-2488490
Jurisdiction
WHATCOM
Zoning & alternative use
PIC · Bellingham, WA
Zoning PIC · permitted uses
PIC · 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
Heating
NONE
Lot
0.27 ac
Current owner
From public records · entity-resolved
Miguel Rios Fajardo
Individual
Free & Clear · 0 yrs held
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2026
$275,000
Miguel Rios Fajardo
Phillip E Multop
Warranty Deed
—
Feb 4, 2025
—
Cordata Investments LLC
—
Deed
related
$4,810,000 · Mountain Pacific Bank
May 13, 2024
—
Chick Fil A INC
Bellis Fair Mall Territories LLC
Contract Sale
—
Apr 25, 2023
—
H & R Farms INC
R & H Farms INC
Quitclaim Deed
related
—
Aug 23, 2022
—
4400 Columbine Drive LLC
—
Deed
related
$102,500,000 · Merchants Bank Of Indiana
May 13, 2022
—
The Crescent Two LLC
—
Deed
related
$3,000,000 · Portage Bank
Mar 31, 2022
$650,000
Peacehealth
Larson Investment Group LLC
Warranty Deed
—
Feb 10, 2022
—
New Cingular Wireless Pcs Lcl
Whatcom Transit Transportation Auth
Deed
—
Oct 15, 2021
$765,000
B&d Farncis Holdings LLC
R & H Farms INC
Warranty Deed
—
Mar 23, 2020
—
Mersey LLC
—
Deed
related
$7,772,500 · Heritage Bk
Jan 28, 2020
—
Larson Investment Group LLC
—
Deed
related
$2,033,634 · Whatcom Educational Cu
Oct 4, 2019
$460,150
Larson Investment Group LLC
Koniag Dev Corp
Warranty Deed
$368,000 · Whatcom Educational Cu
Jun 12, 2019
$12,980,000
4400 Columbine Drive LLC
Silverado Bellingham LLC
Grant Deed
—
Nov 6, 2018
—
Mersey LLC
—
Deed
related
$15,200,000 · Bertch Investments LLC
May 2, 2017
—
Cordata Investments LLC
—
Grant Deed
related
$1,900,000 · Pbrelf I LLC Pbrelf I LLC
Feb 17, 2017
$425,000
Sunny Oak LLC
Shetabi,houshang & Parvin
Warranty Deed
—
Oct 19, 2016
—
Cordata Investments LLC
—
Deed
related
—
May 12, 2016
$500,000
Sea-mar Community Health Ctrl
Silverado Bellingham LLC
Warranty Deed
—
—
—
Bellis Fair Mall LLC
—
Deed Of Trust
related
$94,500 · Column Financial INC
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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