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Property profile & analytics
OFF-MARKET
Estimated value
$1,680,000
Manufacturing properties
144 Riv Rd Lynden, WA 98264-9419
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-2630953
Property summary
AI-generated overview
This exceptional 12.05-acre industrial property in Lynden, Washington, presents a unique owner-user opportunity. Located at 144 River Rd, 98264, this strategically positioned site boasts convenient access, situated just 600 feet south of the intersection of Guide Meridian (SR 539) and River Road. The property features a substantial 9,000 square foot warehouse, complemented by an office building with reception, partitioned offices, break room, and restrooms. Additional structures include a shop building, a hoop building, and a water reclamation building. A non-operational concrete batch plant is also on the site. The property is zoned AG and has four convenient driveways. This prime location offers easy access to both the Canadian border and Bellingham, making it ideal for businesses seeking a strategic location in Whatcom County. The asking price is $2,000,000, translating to $222.22 per square foot. The property's size and diverse building inventory provide ample space for operations and potential for supplemental income through leasing. APN: 400225455008.
Property profile
Verified
Property type
Manufacturing properties
Use group
PROCESSING PLANT (CEMENT, GRAVEL)
Lot
2.48 ac (108,029 SF)
Zoning code
AG
APN
400236 445486 0000
UPID
US90-2630953
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
-
Bellingham Marine Industries Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.68M
Owner & transaction history
Bmi Properties LLC · 4 yrs held
Bmi Properties LLC
since 2021
Last sale
$2.0M
2 recorded transactions
Zoning & alternative use
AG · Lynden, WA
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
$1,420,000
ML approach
$1,390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.68M
Range $1.51M – $1.85M · ±10% · vs last sale $1.95M (May 5 2025)
Last sale anchor
$1.95M
May 5 2025
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
—
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
$1,573
Tax year 2024
Assessed value
$210,304
Assessed 2023
Previous assessed
$65,189
+222.6% YoY
Effective rate
0.75%
On assessed value
Assessed land
$210,304
Land market value
$210,304
Total market value
$210,304
Applied tax rate
4,031.0000
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
Manufacturing properties
Use group
PROCESSING PLANT (CEMENT, GRAVEL)
Status
Off-Market
Heating
NONE
Lot
2.48 ac (108,029 SF)
Zoning code
AG
APN
400236 445486 0000
UPID
US90-2630953
Jurisdiction
WHATCOM
Zoning & alternative use
AG · Lynden, WAZoning AG · permitted uses
AG · Lynden, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Complete Zoning Ordinance
Building & site characteristics
From public records
Heating
NONE
Lot
2.48 ac
Current owner
From public records · entity-resolved
Bmi Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
144 RIV RD, LYNDEN, WA 98264-9419
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Dec 1, 2021
$1,150,000
Bmi Properties LLC
Cadman Materials INC
Bargain And Sale Deed
—
Sep 12, 2006
—
State Of Wa Dept/transportation
Ferndale Ready Mix & Gravel In
Warranty Deed
—
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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