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Property profile & analytics
OFF-MARKET
Estimated value
$2,230,000
Manufacturing properties
1649 Boblett St Blaine, WA 98230-9260
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-2957911
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PROCESSING
Year built
2018
Total area
18,240 SF
Lot
2.28 ac (99,317 SF)
Zoning code
GW
APN
400106 452419 0000
UPID
US90-2957911
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
-
Chuckanut Bay Foods Bakery Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.74M
Comparable Approach
Comparable
$2.00M
Blend (final)
Blend
$2.23M
Owner & transaction history
City Of Blaine · 2 yrs held
City Of Blaine
since 2023
7 recorded transactions
Zoning & alternative use
GW · Blaine, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Gateway
General category
UNKNOWN
Zone area
143.02 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$3.2M
+2.4%
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 Blaine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blaine 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,880,000
6.5%
$1,735,000
7%
$1,610,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,110,000
Current use
AUTO REPAIR, GARAGE
$3,190,000
Change: +2% · Conversion: Easy
WAREHOUSE, STORAGE
$2,965,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$2.23M
Range $2.01M – $2.45M · ±10%
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
$122 / 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
$16,462
Tax year 2021
Assessed value
$3,083,303
Assessed 2022
Previous assessed
$3,083,303
+0.0% YoY
Effective rate
0.53%
On assessed value
Assessed land
$644,547
Assessed improvement
$2,438,756
Land market value
$644,547
Improvement market value
$2,438,756
Total market value
$3,083,303
Applied tax rate
300.0000
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
FOOD PROCESSING
Status
Off-Market
Year built
2018
Heating
NONE
Cooling
YES
Total area
18,240 SF
Lot
2.28 ac (99,317 SF)
Zoning code
GW
APN
400106 452419 0000
UPID
US90-2957911
Jurisdiction
WHATCOM
Zoning & alternative use
GW · Blaine, WAZoning GW · permitted uses
GW · Blaine, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Gateway
General category
UNKNOWN
Zone area
143.02 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$3.0M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2018
Heating
NONE
Cooling
Yes
Lot
2.28 ac
Current owner
From public records · entity-resolved
City Of Blaine
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2025
—
1649 Boblett Street LLC
—
Deed
related
$500,000 · Peoples Bank
Sep 13, 2023
—
City Of Blaine
1649 Boblett Street LLC
Warranty Deed
—
Jun 28, 2023
—
City Of Blaine
1649 Boblett Street LLC
Warranty Deed
—
Nov 8, 2021
$6,600,000
1649 Boblett Street LLC
Chuckanut Bay Properties LLC
Warranty Deed
$1,000,000 · Peoples Bank
Jun 5, 2019
—
Chuckanut Bay Properties LLC
—
Deed
related
$3,216,500 · Peoples Bk
Jun 4, 2019
—
Chuckanut Bay Properties LLC
—
Deed
related
$2,632,000 · Northwest Busn Dev Assn
Dec 5, 2017
—
Chuckanut Bay Properties LLC
City Of Blaine
Warranty Deed
$249,900 · Peoples Bk
—
—
Chuckanut Bay Properties LLC
—
Deed Of Trust
related
$2,632,000 · Northwest Busn Dev Assn
—
—
Chuckanut Bay Properties LLC
—
Deed Of Trust
related
$3,216,500 · 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.
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