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Property profile & analytics
OFF-MARKET
Estimated value
$9,030,000
Refrigerated & Cold Storage
1755 Boblett St Blaine, WA 98230-5119
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-3312238
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
2004
Total area
76,360 SF
Lot
3.86 ac (168,142 SF)
Zoning code
M
APN
400106 538426 0000
UPID
US90-3312238
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
-
Envision Cold Storage Storage Facility Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.30M
CAP Approach
CAP
$8.81M
Comparable Approach
Comparable
$7.32M
Blend (final)
Blend
$9.03M
Owner & transaction history
Ecs Blaine Propco LLC · 2 yrs held
Ecs Blaine Propco LLC
since 2023
Last sale
$8.8M
5 recorded transactions
Zoning & alternative use
M · Blaine, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Manufacturing
General category
INDUSTRIAL
Zone area
7.53 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$13.4M
+7.6%
Industrial (general)
$13.0M
+5.0%
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
$10,120,000
ML approach
$10,295,000
CAP Approach
CAP Return
Estimation
6%
$9,545,000
6.5%
$8,810,000
7%
$8,180,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,405,000
Current use
AUTO REPAIR, GARAGE
$13,350,000
Change: +8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$13,030,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$9.03M
Range $8.13M – $9.93M · ±10% · vs last sale $8.83M (Dec 21 2023)
Last sale anchor
$8.83M
Dec 21 2023
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
$118 / 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
$49,139
Tax year 2021
Assessed value
$6,774,861
Assessed 2022
Previous assessed
$6,774,861
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$840,020
Assessed improvement
$5,934,841
Land market value
$840,020
Improvement market value
$5,934,841
Total market value
$6,774,861
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
YES
Bathrooms
1
Total area
76,360 SF
Lot
3.86 ac (168,142 SF)
Zoning code
M
APN
400106 538426 0000
UPID
US90-3312238
Jurisdiction
WHATCOM
Zoning & alternative use
M · Blaine, WAZoning M · permitted uses
M · Blaine, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Manufacturing
General category
INDUSTRIAL
Zone area
7.53 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$12.4M
AUTO REPAIR, GARAGE
Est. value
$13.4M
INDUSTRIAL (GENERAL)
Est. value
$13.0M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
INDUSTRIAL (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
2004
Heating
FORCED AIR
Cooling
Yes
Bathrooms
1
Lot
3.86 ac
Current owner
From public records · entity-resolved
Ecs Blaine Propco LLC
Entity
Mailing address
1776 PEACHTREE ST NW STE #100, ATLANTA, GA 30309-2307
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2023
$8,825,000
Ecs Blaine Propco LLC
Hayes Development Group LLC
Warranty Deed
—
Sep 28, 2015
—
Hayes Dev Group LLC
—
Deed Of Trust
related
$7,500,000 · Washington Fed'l Svgs
Feb 5, 2008
—
City Of Blaine
Hayes,thomas C & Sonia A
Warranty Deed
—
Jan 17, 2008
—
Hayes Development Group LLC
Thomas C Hayes
Quit Claim Deed
related
$3,700,000 · Wells Fargo Bank NA
Oct 15, 2004
$311,000
Thomas Hayes
2084 Alder Corp
Warranty Deed
$218,000 · Bank Of America
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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