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Property profile & analytics
OFF-MARKET
Estimated value
$3,040,000
Warehouses
1927 Boblett St Blaine, WA 98230-5188
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US90-0605749
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Total area
32,640 SF
Lot
2.6 ac (113,256 SF)
Zoning code
MB
APN
400106 564419 0000
UPID
US90-0605749
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
-
Homestead Vintage Parts Big Box & Wholesale Store Auto Parts Store
-
Love The Drive Big Box & Wholesale Store Auto Parts Store
-
Factory Direct Doors Hardware & Home Improvement Production Facility
-
Interior Doors General Contractor
-
Can-Amer Freight Inc. Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.77M
Comparable Approach
Comparable
$3.67M
Blend (final)
Blend
$3.04M
Owner & transaction history
Rodley C Peterson · 16 yrs held
Rodley C Peterson
since 2010
Last sale
$3.0M
5 recorded transactions
Zoning & alternative use
MB · Blaine, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$4,080,000
6.5%
$3,765,000
7%
$3,495,000
Blend value · Realmo final
$3.04M
Range $2.74M – $3.34M · ±10% · vs last sale $3.01M (Apr 11 2024)
Last sale anchor
$3.01M
Apr 11 2024
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
$93 / 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
$11,377
Tax year 2021
Assessed value
$1,625,404
Assessed 2022
Previous assessed
$1,625,404
+0.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$622,908
Assessed improvement
$1,002,496
Land market value
$622,908
Improvement market value
$1,002,496
Total market value
$1,625,404
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
1994
Heating
NONE
Cooling
YES
Total area
32,640 SF
Lot
2.6 ac (113,256 SF)
Zoning code
MB
APN
400106 564419 0000
UPID
US90-0605749
Jurisdiction
WHATCOM
Zoning & alternative use
MB · Blaine, WAZoning MB · permitted uses
MB · Blaine, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1994
Heating
NONE
Cooling
Yes
Lot
2.6 ac
Current owner
From public records · entity-resolved
Rodley C Peterson
Individual
Mailing address
2108 38TH ST, BELLINGHAM, WA 98229-3300
Ownership since
2010
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
Jan 31, 2022
—
Rodley C Peterson
—
Deed
related
$558,000 · Evergreen Business Capital
Dec 30, 2021
—
Rodley C Peterson
—
Deed
related
$540,451 · Harvest Comercial Capital LLC
Dec 20, 2017
—
Rodley C Peterson
—
Deed
related
$1,135,000 · Harvest Small Busn Fin LLC
Feb 9, 2010
$1,150,280
Rodley C Peterson
Border Brokerage Company INC
Warranty Deed
$575,000 · Zions First National Bank
—
—
Rodley C Peterson
—
Deed Of Trust
related
$1,135,000 · Harvest Small Busn Fin LLC
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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