Single-Story Restaurant
New
For Sale
Contact for pricing
234 D Street, Blaine, WA 98230
HC-C zoning identifies restaurant, hotel, car wash, retail, wholesale, and residential development uses.
Property Size3,345 SF
Lot Size0.42 Acres
Price / SF$442.75
Days on Market4
Property Features for 234 D Street
General Information
Standard status
Active
Size
3,345 SF
Total Parking Spaces
33
Lot size
0.42 Acres
Property subtype
RETAIL
Zoning
HC-C
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Stories
1
Listing Agency:
Keller Williams Western Realty
(360) 738-7070
Listed By:
Corky Booze
(360) 393-0579
Source:
Moodyscre
Added: Oct 17
Changed: Oct 19
Last Checked: Oct 19 at 2:16PM
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 Keller Williams Western Realty
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Investment Insights
Based on property information with market context.
The property includes a 3,345-square-foot, single-story building currently used as a restaurant, along with 33 customer parking spaces on an 18,295-square-foot lot. Its Highway Commercial Subzone C (HC-C) designation lists restaurant, hotel, car wash, retail and wholesale goods, and residential development among the uses under City Code 17.24.020.
Located in Blaine, the site is near I-5 exit 276. HC-C development standards specify a maximum building height of 55 feet, reduced to 35 feet in certain cases near low-density residential property. Front setbacks range from 0 to 10 feet depending on façade requirements; side and rear setbacks are 5 feet.
Located in Blaine, the site is near I-5 exit 276. HC-C development standards specify a maximum building height of 55 feet, reduced to 35 feet in certain cases near low-density residential property. Front setbacks range from 0 to 10 feet depending on façade requirements; side and rear setbacks are 5 feet.
Key Highlights
- 3,345‑square‑foot, single‑story building with existing restaurant use
- 18,295‑square‑foot lot with 33 customer parking spaces
- HC‑C zoning lists restaurant, hotel, car wash, retail and wholesale goods, and residential development uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,905
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$878,100
$878.1K
Cap Rate 7%
$627,214
$627.2K
Cap Rate 9%
$487,833
$487.8K
Market Conditions
NOI Build-Up for 3,345 SF
Gross rent
$61.8K $18.48/SF
− Vacancy
−$3.3K −$0.98/SF
EGI
$58.5K $17.50/SF
− OpEx
−$14.6K −$4.38/SF
NOI
$43.9K $13.13/SF
Area
Whatcom County, WA
Vacancy
5.30%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$878,100
Cap Rate 7%
$627,214
Cap Rate 9%
$487,833
Alternative Uses
Best Use
Specialty Retail
$627.2K
$548.8K – $731.8K
NOI $43,905 @ 7.0% cap · market cap 2.96%
Second Best
Retail
$570.2K
$498.9K – $665.2K
NOI $39,913 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$789.1K
$690.5K – $920.6K
NOI $55,238 @ 7.0% cap · market cap 3.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
24k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 48%
Starbucks
Dining
8,566 visits/mo
0.2 miles
Chevron
Shops & Services
6,433 visits/mo
0.2 miles
Peace, Love & Little Donuts
Dining
2,723 visits/mo
0.2 miles
Shell
Shops & Services
2,609 visits/mo
0.1 miles
U.S. Bank
Shops & Services
1,270 visits/mo
0.2 miles
Demographics for 98230, WA
18,754
Population
9,395
Households
2
Avg Household Size
48
Median Age
32%
College-Educated
95%
High-School Grad
42.5 sq mi
ZIP Area
441
Density / Sq Mi
$82,716
Median Household Income
$45,603
Median Earnings
$1,255
Median Rent
$467,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - HC-C zoning identifies restaurant, hotel, car wash, retail, wholesale, and residential development uses.
Where is this conventional restaurant located?
The property is located at 234 D Street Blaine, WA.
What is the asking price?
The asking price for this property is $1,481,000.
What are key features of this property?
This property features: 3,345‑square‑foot, single‑story building with existing restaurant use; 18,295‑square‑foot lot with 33 customer parking spaces; HC‑C zoning lists restaurant, hotel, car wash, retail and wholesale goods, and residential development uses
