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    Blaine International Shopping Center Title is generated by Realmo AI

    1733 H St, Blaine, WA 98230

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    Fully occupied shopping center serving the Blaine, WA community.

    Type:Retail
    Property size:
    137,497 SF
    Added:
    Mar 3, 2026
    Days on Market:
    70
    Last Refresh:
    Mar 16 at 2:10 pm

    Property Features for 1733 H St

    General Information

    Standard status
    Active
    Size
    137,497 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1991

    We can help!

    Listing Contact
    Dino Christophilis

    Listing agent Dino Christophilis License #WA 24717

    Listing office CBRE - Seattle

    Listing date Mar 3, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Seattle

    HighLights

    • 100% occupied shopping center featuring long‑term commitments from major national tenants, making up 68% of rental income.
    • Strategic advantage in a constrained local retail market with no alternative locations for retailers.
    • Recent national tenant pad developments (McDonald’s, O’Reilly’s, Taco Bell, and Roadrunner Car Wash) since 2023.
    • IGA Market Blaine underwent a $2+ million rebrand and interior renovation in 2024 with a 10‑year lease extension through 2035 and store sales +20% since the renovations.
    • Located in Blaine, WA, a rapidly growing residential and coastal hub with an 8.3% population increase since 2020.
    • Anchored by IGA Market, Ace Hardware, Dollar Tree, Shell, and O'Reilly Auto Parts.

    Overview

    Blaine International is a large-format shopping center located in Blaine, Washington. The property serves the local residents of the Blaine community and benefits from a constrained local retail market with no other alternative locations for retailers. The property is 100% occupied and anchored by long-term commitments from major national tenants, which comprise 68% of total rental income. Anchor tenants include IGA Market, Ace Hardware, Dollar Tree, Shell, and O’Reilly Auto Parts. In 2024, IGA Market Blaine underwent a multi-million dollar rebrand and interior renovation following an acquisition by a local operator. IGA grocer operations are strong with a healthy occupancy cost ratio, a recent 10-year lease extension through 2035, and store sales increasing since the renovations. Recent developments since 2023 include national tenant pads such as McDonald’s, O’Reilly’s, Taco Bell, and Roadrunner Car Wash. The city of Blaine has been transforming from a quiet border town into a growing residential and coastal hub. The population increased since 2020, ranking the city as a fast-growing community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Teriyaki secret Restaurant Blaine Everyday Fitness ... Gym & Fitness Center NiKki's Hair & Nail ... Hair Salon Peacock Blue Design ... Marketing & Advertising Mark Henry Vander ... Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Coinstar Kiosk — the markets, 1733 h st ste 100, blaine, wa 98230
    • Coinstar Bitcoin ATM — the markets, 1733 h st ste 100, blaine, wa 98230
    • Coinstar Kiosk | Bitcoin ATM — The Markets, 1733 H St Ste 100, Blaine, WA 98230

    Location Insight

    • Map
    • Local Demand
    City
    Blaine
    County
    Whatcom
    State
    Washington
    Longitude
    -122.73051
    Latitude
    48.992843

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    FAQs

    What type of property is this?
    Shopping center - Fully occupied shopping center serving the Blaine, WA community.
    Where is this shopping center located?
    The property is located at 1733 H St Blaine, WA.
    What are key features of this property?
    This property features: 100% occupied shopping center featuring long‑term commitments from major national tenants, making up 68% of rental income.; Strategic advantage in a constrained local retail market with no alternative locations for retailers.; Recent national tenant pad developments (McDonald’s, O’Reilly’s, Taco Bell, and Roadrunner Car Wash) since 2023.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dino Christophilis
    Real Estate License ID: WA 24717
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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