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Property profile & analytics
OFF-MARKET
Estimated value
$2,485,000
Distribution properties
110 3rd St Lynden, WA 98264-1455
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-2659501
Property profile
Verified
Property type
Distribution properties
Use group
COM AUTO TRANS/STORAGE
Year built
2006
Total area
7,500 SF
Lot
0.16 ac (6,970 SF)
Zoning code
CSL
APN
400320 344365 0000
UPID
US90-2659501
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
-
Classic Jiu Jitsu Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.49M
Owner & transaction history
M&l Ventures LLC · 2 yrs held
M&l Ventures LLC
since 2024
Last sale
$2.5M
7 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
Top alternative use upside
Commercial (general)
$2.0M
+245.4%
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
Method
Estimation
Statistic approach
$2,485,000
ML approach
$2,485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,045,000
Change: +245% · Conversion: Difficult
Blend value · Realmo final
$2.49M
Range $2.24M – $2.73M · ±10% · vs last sale $2.49M (Jul 18 2024)
Last sale anchor
$2.49M
Jul 18 2024
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
$331 / 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
$1,505
Tax year 2024
Assessed value
$209,853
Assessed 2023
Previous assessed
$179,540
+16.9% YoY
Effective rate
0.72%
On assessed value
Assessed land
$189,000
Assessed improvement
$20,853
Land market value
$189,000
Improvement market value
$20,853
Total market value
$209,853
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
Distribution properties
Use group
COM AUTO TRANS/STORAGE
Status
Off-Market
Year built
2006
Heating
NONE
Total area
7,500 SF
Lot
0.16 ac (6,970 SF)
Zoning code
CSL
APN
400320 344365 0000
UPID
US90-2659501
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.0M
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Heating
NONE
Lot
0.16 ac
Current owner
From public records · entity-resolved
M&l Ventures LLC
Entity
Free & Clear · 2 yrs held
Mailing address
8665 BERTHUSEN RD STE #102, LYNDEN, WA 98264-9714
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2024
$2,486,000
M&l Ventures LLC
210 Hawley LLC
Warranty Deed
—
Jan 7, 2021
—
210 Hawley LLC
—
Deed Of Trust
related
$1,470,000 · Bank Of The Pacific
Apr 1, 2020
$1,000,000
210 Hawley LLC
Northpac Dev LLC
Warranty Deed
$466,850 · Bank Of The Pacific
Dec 13, 2005
—
Northpac Dev LLC
—
Trustees Deed
related
$984,000 · Horizon Bank
Feb 19, 1999
$284,000
Northpac Development LLC
Vander Pol & Maas INC
Grant Deed
$204,000 · Seller
—
—
Northpac Dev LLC
—
Deed Of Trust
related
$100,000 · Bank Of The Pacific
—
—
Northpac Dev LLC
—
Deed Of Trust
related
$83,846 · Bank Of The Pacific
—
—
Hawley LLC
—
Deed Of Trust
related
$800,000 · Bank Of The Pacific
—
—
Northpac Dev LLC
—
Deed Of Trust
related
$800,000 · Bank Of The Pacific
—
—
Northpac Development LLC
—
Deed Of Trust
related
$235,877 · Whidbey Island Bank
—
—
Northpac Development LLC
—
Deed Of Trust
related
$175,000 · Whidbey Island Bank
—
—
Northpac Development LLC
—
Deed Of Trust
related
$25,000 · Individual
—
—
Northpac Dev LLC
—
Deed Of Trust
related
$230,547 · Horizon Bank
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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