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Property profile & analytics
OFF-MARKET
Retail space
104 Grover St Lynden, WA 98264-1409
Entity Owned
9-yr Hold
Property ID
US90-3322374
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1912
Total area
1,782 SF
Lot
0.16 ac (6,970 SF)
Zoning code
CSL
APN
400320 376403 0000
UPID
US90-3322374
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
Current use
Occupant on record · Public records
-
Studio 104 Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
104 Grover Streel LLC · 9 yrs held
104 Grover Streel LLC
since 2017
5 recorded transactions
Zoning & alternative use
CSL · Lynden, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
2. Local commercial services (CSL): Th e purpose of the CSL zone is to provide a location for local scale retail develo pment (stores less than sixty -five thousand square feet), medical, professional and financial services. Development within this zone should focus on pedestrian connectivity to the surrounding area and
Zone name
Local Commercial Services
General category
COMMERCIAL
Zone area
172.07 ac
Source
Complete Zoning Ordinance
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 Lynden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lynden 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2021Property tax & assessments
Tax year 2021
Tax billed
$2,322
Tax year 2021
Assessed value
$332,426
Assessed 2022
Previous assessed
$332,426
+0.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$157,199
Assessed improvement
$175,227
Land market value
$157,199
Improvement market value
$175,227
Total market value
$332,426
Applied tax rate
400.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1912
Heating
FORCED AIR
Stories
2
Bathrooms
2
Total area
1,782 SF
Lot
0.16 ac (6,970 SF)
Zoning code
CSL
APN
400320 376403 0000
UPID
US90-3322374
Jurisdiction
WHATCOM
Zoning & alternative use
CSL · Lynden, WAZoning CSL · permitted uses
CSL · Lynden, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
2. Local commercial services (CSL): Th e purpose of the CSL zone is to provide a location for local scale retail develo pment (stores less than sixty -five thousand square feet), medical, professional and financial services. Development within this zone should focus on pedestrian connectivity to the surrounding area and
Zone name
Local Commercial Services
General category
COMMERCIAL
Zone area
172.07 ac
Source
Complete Zoning Ordinance
Building & site characteristics
From public records
Year built
1912
Heating
FORCED AIR
Stories
2
Bathrooms
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
104 Grover Streel LLC
Entity
Mailing address
915 E GROVER ST, LYNDEN, WA 98264-1627
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2017
—
104 Grover Streel LLC
Apps,aaron M & Jennifer M W
Quit Claim Deed
related
—
Aug 3, 2004
—
Aaron M Apps
—
Trustees Deed
related
$180,000 · Horizon Bank
Jun 12, 2003
$75,621
Aaron M Apps
Vanderpleog,karl & Karla
Grant Deed
$57,500 · Karl & Karla Vanderpleog
Mar 12, 1997
$70,000
Karl Vanderploeg
Beanblossom,george & Gertrude
Grant Deed
$63,000 · Seller
—
—
Aaron M Apps
—
Deed Of Trust
related
$210,000 · Bank Of The Pacific
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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