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Property profile & analytics
OFF-MARKET
Estimated value
$14,605,000
Refrigerated & Cold Storage
2249 Main St Lynden, WA 98264-9187
Entity Owned
7-yr Hold
Absentee Owner
Property ID
US90-2741042
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
2017
Total area
147,660 SF
Lot
6.15 ac (267,894 SF)
Zoning code
AG
APN
400224 226375 0000
UPID
US90-2741042
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.04M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.61M
Owner & transaction history
Chill Build Lyden II LLC · 7 yrs held
Chill Build Lyden II LLC
since 2018
4 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$18,460,000
6.5%
$17,040,000
7%
$15,820,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$23,990,000
Current use
Blend value · Realmo final
$14.61M
Range $13.14M – $16.07M · ±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
$99 / 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
$186,673
Tax year 2021
Assessed value
$18,444,950
Assessed 2022
Previous assessed
$18,444,950
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$736,709
Assessed improvement
$17,708,241
Land market value
$736,709
Improvement market value
$17,708,241
Total market value
$18,444,950
Applied tax rate
400.0000
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
2017
Heating
FORCED AIR
Stories
2
Bathrooms
2
Total area
147,660 SF
Lot
6.15 ac (267,894 SF)
Zoning code
AG
APN
400224 226375 0000
UPID
US90-2741042
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$24.0M
WAREHOUSE, STORAGE Current
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
2017
Heating
FORCED AIR
Stories
2
Bathrooms
2
Lot
6.15 ac
Current owner
From public records · entity-resolved
Chill Build Lyden II LLC
Entity
Mailing address
6831 E 32ND ST STE #300, INDIANAPOLIS, IN 46226-6195
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2018
—
Chill Build Lyden II LLC
—
Deed
related
$19,285,000 · Metropolitan Tower Life Ins Co
Nov 2, 2017
—
Chill Build Lynden II LLC
—
Deed
related
$16,428,000 · Huntington Nat'l Bk
—
—
Chill Build Lyden II LLC
—
Deed Of Trust
related
$19,285,000 · Metropolitan Tower Life Ins Co
—
—
Chill Build Lynden II LLC
—
Deed Of Trust
related
$16,428,000 · Huntington Nat'l 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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