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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Industrial land
Guide Meridian, Bellingham, WA 98226
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-2608513
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
6.68 ac (290,981 SF)
Zoning code
LII
APN
380306 035430 0000
UPID
US90-2608513
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
$820k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$660k
Owner & transaction history
H & R Farms INC · 3 yrs held
H & R Farms INC
since 2023
Last sale
$644,261
7 recorded transactions
Zoning & alternative use
LII · 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
$700,000
ML approach
$820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $644k (Apr 25 2023)
Last sale anchor
$644k
Apr 25 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
—
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
$3,337
Tax year 2021
Assessed value
$236,205
Assessed 2022
Previous assessed
$236,205
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$236,205
Land market value
$236,205
Total market value
$236,205
Applied tax rate
5,010.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
6.68 ac (290,981 SF)
Zoning code
LII
APN
380306 035430 0000
UPID
US90-2608513
Jurisdiction
WHATCOM
Zoning & alternative use
LII · Bellingham, WA
Zoning LII · permitted uses
LII · 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
6.68 ac
Current owner
From public records · entity-resolved
H & R Farms INC
Entity
Free & Clear · 3 yrs held
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2023
—
H & R Farms INC
R & H Farms INC
Quit Claim Deed
related
—
Dec 9, 2016
—
R & H Farm
Treasurer Of Whatcom County
Tax Deed
related
—
May 10, 2005
$644,261
Meridian & Kline LLC
Guide Properties Of Washington
Warranty Deed
$400,000 · Bank Of Pacific
Dec 29, 2003
$385,000
Guide Properties Of Wa LLC
L K E Christensen Group LLC
Grant Deed
$250,000 · Bank Of The Northwest
Oct 4, 2002
—
Washington State
L K E Christensen Group LLC
Grant Deed
related
—
Jul 26, 2002
$378,074
Lke Christensen Group LLC
Shropshire Law Firm PLLC
Trustees Deed
—
Jul 17, 2000
$61,803
Pacific Bay Holdings LLC
L K E Christensen Group LLC
Grant Deed
related
$345,868 · Seller
Jun 14, 2000
$328,877
L K E Christensen Group LLC
White,richard D & Roseleigh A
Trustees Deed
—
Feb 2, 1998
$350,000
Richard White
Christensen Trust
Grant Deed
$297,500 · Seller
—
—
Richard D White
—
Deed Of Trust
related
$100,000 · Individual
—
—
Meridian & Kline LLC
—
Deed Of Trust
related
$245,000 · Bank Of Pacific
—
—
Meridian & Kline LLC
—
Deed Of Trust
related
$719,200 · Bank Of Pacific
—
—
Meridian & Kline LLC
—
Deed Of Trust
related
$335,000 · Bank Of Pacific
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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