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    Corner Development Site with High Visibility Title is generated by Realmo AI

    265 F St, Blaine, WA 98230

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    Highly visible, level downtown corner lot with direct access to major routes and cross-border traffic.

    Type:LAND
    Property size:
    30,000 SF
    Price / SF:
    $50/SF
    Added:
    Mar 20, 2026
    Days on Market:
    77
    Last Refresh:
    Jun 3 at 2:54 am

    Property Features for 265 F St

    General Information

    Standard status
    Active
    Size
    30,000 SF
    Property subtype
    LAND

    We can help!

    Listing Contact
    John Ramsey
    John Ramsey

    Listing agent John Ramsey

    Listing office Keller Williams Western Realty

    Listing date Mar 20, 2026

    Source Moodyscre

    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

    HighLights

    • Corner lot in downtown Blaine at F St & 3rd St, with high visibility and a level site
    • Existing curb cut with direct access to Peace Portal Dr, the waterfront, and cross‑border traffic
    • Zoned Central Business – Town Portal (TP), with multifamily and commercial development potential
    • City action temporarily removed key Central Business District development constraints, including height limits and parking requirements
    • Conceptual plans available for a 40+ unit multifamily project

    Overview

    This is a prime, level corner land site positioned for development in downtown Blaine. The property offers existing curb cut and direct access to Peace Portal Dr, with convenient connectivity toward the waterfront and cross-border traffic routes. Conceptual plans are available for a 40+ unit multifamily project, and the opportunity is primarily valued for its land and development potential.

    The site is located at the corner of F St and 3rd St and is described as highly visible. It is zoned Central Business – Town Portal (TP), which supports multifamily and commercial potential. Recent city action has temporarily removed key development constraints in the Central Business District, including height limits and parking requirements, providing a rare window for increased density and design flexibility.

    This parcel is best suited to developers and investors looking to capitalize on evolving downtown Blaine zoning and growth. With the ability to pursue multifamily concepts and the noted near-term regulatory flexibility, the site offers a straightforward platform for teams evaluating feasibility, site planning, and potential entitlement pathways within the Central Business District.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Blaine
    County
    Whatcom
    State
    Washington
    Longitude
    -122.746979
    Latitude
    48.995758

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    FAQs

    What type of property is this?
    Commercial land - Highly visible, level downtown corner lot with direct access to major routes and cross-border traffic.
    Where is this commercial land located?
    The property is located at 265 F St Blaine, WA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Corner lot in downtown Blaine at F St & 3rd St, with high visibility and a level site; Existing curb cut with direct access to Peace Portal Dr, the waterfront, and cross‑border traffic; Zoned Central Business – Town Portal (TP), with multifamily and commercial development potential
    (360) 298-5563 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Ramsey
    John Ramsey
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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.

    More about this property
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