Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,335,000
Commercial real estate
134 Grover St Lynden, WA 98264-1532
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1442887
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1981
Total area
26,728 SF
Lot
0.76 ac (33,106 SF)
Zoning code
RM3
APN
400320 451414 0000
UPID
US90-1442887
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
-
Heritage Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.37M
CAP Approach
CAP
$5.22M
Comparable Approach
Comparable
$5.27M
Blend (final)
Blend
$4.34M
Owner & transaction history
Heritage Apartments INC Lynden LLC · 3 yrs held
Heritage Apartments INC Lynden LLC
since 2022
Last sale
$4.3M
3 recorded transactions
Zoning & alternative use
RM3 · Lynden, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Complete Zoning Ordinance
Top alternative use upside
Retail stores
$6.7M
+10.5%
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
$4,430,000
ML approach
$4,365,000
CAP Approach
CAP Return
Estimation
6%
$5,655,000
6.5%
$5,220,000
7%
$4,845,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,085,000
Current use
RETAIL STORES
$6,720,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$4.34M
Range $3.90M – $4.77M · ±10% · vs last sale $4.27M (Sep 7 2022)
Last sale anchor
$4.27M
Sep 7 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
$162 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$26,231
Tax year 2021
Assessed value
$3,135,972
Assessed 2022
Previous assessed
$3,135,972
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$665,940
Assessed improvement
$2,470,032
Land market value
$665,940
Improvement market value
$2,470,032
Total market value
$3,135,972
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1981
Heating
NONE
Units
32
Total area
26,728 SF
Lot
0.76 ac (33,106 SF)
Zoning code
RM3
APN
400320 451414 0000
UPID
US90-1442887
Jurisdiction
WHATCOM
Zoning & alternative use
RM3 · Lynden, WAZoning RM3 · permitted uses
RM3 · Lynden, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Complete Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$6.1M
RETAIL STORES
Est. value
$6.7M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1981
Heating
NONE
Units
32
Lot
0.76 ac
Current owner
From public records · entity-resolved
Heritage Apartments INC Lynden LLC
Entity
Mailing address
2212 QUEEN ANNE AVE N #624, SEATTLE, WA 98109-2383
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2023
—
Heritage Apartments In Lynden LLC
—
Deed
related
$2,400,000 · Boeing Employees Cu
Sep 7, 2022
$4,270,200
Heritage Apartments INC Lynden LLC
The Henry P Tiemeyer Family Trust
Warranty Deed
$175,000 · Timothy Potts Etal
Dec 28, 2015
$2,400,000
Tiemeyer,henry P Family Trust
Bouma Nellie M
Grant Deed
$960,000 · Peoples Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 134 Grover St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
