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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    102 Grover St Lynden, WA 98264-1442

    • Banks
    • 4,866 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimations
    $315,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0606700
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Len Corneto - COUNTRY Financial Agent / Financial Planner / Home Insurance Agency
    • Natural Way Chiropractic of Lynden / Chiropractor / Massage Therapist
    • Dr. Adam Klassen / Chiropractor
    • Harrison's Barbershop / Barber Shop
    • Lori Silverstein / Health Care Facility

    Property Details for 102 Grover St

    Year built
    1992
    Lot size
    0.27 lot acres
    Property size
    4,866 SF
    Zone code
    CSL
    Property type
    Banks
    APN
    400320 382408 0000
    APU
    4003203824080000

    Description

    This exceptional 500-square-foot executive office suite is ideally situated in Lynden, Whatcom County, offering a convenient and professional work environment. Located on the second floor, this space boasts a private entry and private restroom for ultimate privacy and convenience. The suite is part of a one-building, two-story complex, and is currently available for lease as a single unit within a multi-tenant building. Enjoy the benefits of a thriving business community, with neighbors including Natural Way Chiropractic and Country Financial. The building's location provides easy access to essential amenities. It's situated next to Muddy Waters Espresso, near local schools, and within a short distance of downtown Lynden and the Guide Meridian access point, ensuring seamless commutes and convenient access to various services. This is an excellent opportunity for a small business or professional seeking a well-appointed and conveniently located office space in a desirable Lynden setting. The property type is classified as an office, specifically an executive office suite. The space is ready for immediate occupancy and offers a professional image for your business. Don't miss this chance to establish your presence in this vibrant community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $360,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $267,000
      Market price range: $267k - $593k

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $390,000
      Current use
      AUTO REPAIR, GARAGE
      $430,000
      Change: +10% Conversion: Difficult
      RETAIL STORES
      $410,000
      Change: +5% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lynden
    County
    Whatcom
    State
    Washington
    Longitude
    -122.449
    Latitude
    48.9455
    CBSA code
    13380
    CBSA name
    BELLINGHAM, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $6,248
    $301,346
    $594,487
    $895,833
    -
    $301,346
    $594,487
    $895,833

    Comparable in this City

    • Value Estimation
      $580,000
      12,026 SF

      419 Liberty St

      FINANCIAL BUILDING • 12,026 SF
      419 Liberty St, Lynden, WA 98264-1938
      View Details
    • Value Estimation
      $300,000
      4,882 SF

      208 3rd St

      FINANCIAL BUILDING • 4,882 SF
      208 3rd St, Lynden, WA 98264-1441
      View Details
    • Value Estimation
      $290,000
      3,403 SF

      300 Grover St

      FINANCIAL BUILDING • 3,403 SF
      300 Grover St, Lynden, WA 98264-1927
      View Details
    • Value Estimation
      $1,050,000
      3,486 SF

      1780 Frnt St

      FINANCIAL BUILDING • 3,486 SF
      1780 Frnt St, Lynden, WA 98264-1714
      View Details
    • Value Estimation
      $445,000
      4,081 SF

      2045 Frnt St

      FINANCIAL BUILDING • 4,081 SF
      2045 Frnt St, Lynden, WA 98264-1727
      View Details
    • Value Estimation
      $280,000
      4,712 SF

      504 Frnt St

      FINANCIAL BUILDING • 4,712 SF
      504 Frnt St, Lynden, WA 98264-1923
      View Details

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    • Contact for pricing

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    Similar Nearby for Lease

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      2,150 SF

      Retail Space Beside Dollar Tree

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      View Details
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      Visible corner location near retail hub with high traffic.
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      View Details
    • Contact for pricing
      1,480 SF

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      Retail space available for lease on Guide Meridian Road.
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      Lynden Retail Space For Lease

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      View Details
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    102 Grover St
    Lynden, WA 98264-1442
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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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