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Property profile & analytics
OFF-MARKET
Estimated value
$1,275,000
Warehouses
1888 Boblett St Blaine, WA 98230-5118
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0668939
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Total area
9,920 SF
Lot
1.3 ac (56,628 SF)
Zoning code
MB
APN
400106 543471 0000
UPID
US90-0668939
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
-
Zenta Garden Garden Center Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.47M
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.28M
Owner & transaction history
Buethorn Blaine LLC · 4 yrs held
Buethorn Blaine LLC
since 2021
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
MB · Blaine, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+7.6%
Industrial (general)
$1.7M
+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
$1,545,000
ML approach
$1,470,000
CAP Approach
CAP Return
Estimation
6%
$1,240,000
6.5%
$1,145,000
7%
$1,065,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,610,000
Current use
AUTO REPAIR, GARAGE
$1,735,000
Change: +8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,695,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$1.28M
Range $1.15M – $1.40M · ±10% · vs last sale $1.25M (Dec 15 2021)
Last sale anchor
$1.25M
Dec 15 2021
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
$129 / 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
$7,810
Tax year 2024
Assessed value
$1,161,474
Assessed 2023
Previous assessed
$984,300
+18.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$434,337
Assessed improvement
$727,137
Land market value
$434,337
Improvement market value
$727,137
Total market value
$1,161,474
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Heating
NONE
Cooling
YES
Total area
9,920 SF
Lot
1.3 ac (56,628 SF)
Zoning code
MB
APN
400106 543471 0000
UPID
US90-0668939
Jurisdiction
WHATCOM
Zoning & alternative use
MB · Blaine, WA
Zoning MB · permitted uses
MB · Blaine, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Blaine. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
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
1996
Heating
NONE
Cooling
Yes
Lot
1.3 ac
Current owner
From public records · entity-resolved
Buethorn Blaine LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1360 SUNSET AVE, FERNDALE, WA 98248-8913
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2021
—
Buethorn Blaine LLC
Buethorn Family Properies LLC
Intrafamily Transfer
related
—
Jul 30, 2021
$1,250,000
Buethorn Family Properties LLC
Equity Trust Company
Warranty Deed
—
Dec 19, 2014
$480,283
Patrick J Rooney
Rooney Family LP
Quit Claim Deed
related
—
—
—
Rooney Family LP
—
Deed Of Trust
related
$200,000 · Whatcom State Bank
—
—
Rooney Family LP
—
Deed Of Trust
related
$233,000 · Bank Of America
—
—
Rooney LP
—
Deed Of Trust
related
$125,000 · Whatcom State 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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