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Property profile & analytics
OFF-MARKET
Estimated value
$2,565,000
Gas stations
1015 Cherry St, Sumas, WA 98295
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0956293
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1989
Total area
5,140 SF
Lot
1.24 ac (54,014 SF)
Zoning code
BTO
APN
410434 500048 0000
UPID
US90-0956293
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
$2.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.59M
Blend (final)
Blend
$2.57M
Owner & transaction history
Boomtown Sumas LLC · 3 yrs held
Boomtown Sumas LLC
since 2022
Last sale
$2.5M
2 recorded transactions
Zoning & alternative use
BTO · Sumas, 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 Sumas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sumas 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
$2,595,000
ML approach
$2,640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.57M
Range $2.31M – $2.82M · ±10% · vs last sale $2.50M (Oct 11 2022)
Last sale anchor
$2.50M
Oct 11 2022
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
$499 / SF
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
$5,042
Tax year 2024
Assessed value
$540,892
Assessed 2023
Previous assessed
$360,545
+50.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$137,736
Assessed improvement
$403,156
Land market value
$137,736
Improvement market value
$403,156
Total market value
$540,892
Applied tax rate
660.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1989
Cooling
YES
Total area
5,140 SF
Lot
1.24 ac (54,014 SF)
Zoning code
BTO
APN
410434 500048 0000
UPID
US90-0956293
Jurisdiction
WHATCOM
Zoning & alternative use
BTO · Sumas, WA
Zoning BTO · permitted uses
BTO · Sumas, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sumas. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Cooling
Yes
Lot
1.24 ac
Current owner
From public records · entity-resolved
Boomtown Sumas LLC
Entity
Mailing address
120 VANCOUVER ST, SUMAS, WA 98295-9116
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2024
—
Boomtown Sumas LLC
—
Deed
related
$500,000 · George Boulos Etal
Oct 11, 2022
$2,500,000
Boomtown Sumas LLC
M Fares Boulos Najub
Warranty Deed
$2,390,000 · Salim Fares Boulos Co And Najib
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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