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Property profile & analytics
OFF-MARKET
Commercial real estate
2305 Leatherwood Pl Lynden, WA 98264-9198
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1426585
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Lot
2.2 ac (95,832 SF)
Zoning code
IBZ
APN
400224 122315 0000
UPID
US90-1426585
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Brian D Dezeeuw · 1 yrs held
Brian D Dezeeuw
since 2025
7 recorded transactions
Zoning & alternative use
IBZ · Lynden, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
IBZ (Industrial Business Zone) - A light industrial zone that permits a mixture of industrial and commercial uses. 19.25.020 Purpose. The intent of the industrial zones is to provide a location for business and industrial uses in order to provide employment opportunities to the residents of the City of Lynden and surrounding area. From each use located there…
Zone name
Industrial Business Zone
General category
INDUSTRIAL
Zone area
284.54 ac
Source
Complete Zoning Ordinance
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Heating
NONE
Lot
2.2 ac (95,832 SF)
Zoning code
IBZ
APN
400224 122315 0000
UPID
US90-1426585
Jurisdiction
WHATCOM
Zoning & alternative use
IBZ · Lynden, WAZoning IBZ · permitted uses
IBZ · Lynden, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
IBZ (Industrial Business Zone) - A light industrial zone that permits a mixture of industrial and commercial uses. 19.25.020 Purpose. The intent of the industrial zones is to provide a location for business and industrial uses in order to provide employment opportunities to the residents of the City of Lynden and surrounding area. From each use located therein there shall be a minimum of air pollution, air contamination, emission of odor, gases, noise and the origin of sewage wastes which shall be controlled in accordance with the standards contained in this
Zone name
Industrial Business Zone
General category
INDUSTRIAL
Zone area
284.54 ac
Source
Complete Zoning Ordinance
Building & site characteristics
From public records
Heating
NONE
Lot
2.2 ac
Current owner
From public records · entity-resolved
Brian D Dezeeuw
Individual
Free & Clear · 1 yrs held
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
36 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2025
$125,000
Brian D Dezeeuw
Terpstra Family LLC
Warranty Deed
—
Aug 28, 2024
—
Joel Vander Yacht
Sandra E Clark
Quitclaim Deed
related
—
Jul 2, 2024
$100,000
John M Strauser
Kathleen Ford
Warranty Deed
—
Feb 15, 2024
$125,000
Jeffrey T Rachinski
Glenn Allen
Warranty Deed
—
Jun 23, 2023
$90,000
Jeffrey Benner
Roger Anderson
Warranty Deed
—
Oct 17, 2022
—
Jeff E Reinke
Jeff E Reinke
Deed
related
—
Aug 31, 2022
$110,000
Joe Zylstra
Thomas K Hartnell
Warranty Deed
—
Aug 2, 2022
—
Dean G Beld
Dean Beld
Deed
related
—
Mar 16, 2022
$75,000
Roger Anderson
Lukas Ridnour
Warranty Deed
—
Jul 1, 2021
$110,000
Brian Haan
S Greg Gill
Warranty Deed
—
Jun 21, 2021
$110,000
Danny R Haan
William Vande Kieft Howard
Warranty Deed
—
Jun 10, 2021
$85,000
Charles A Mcmonagle
Daniel Hisey
Warranty Deed
—
May 4, 2021
$120,000
Brad Kollmyer
David Willmore
Warranty Deed
—
Apr 24, 2020
$230,000
Dean Beld
Tracy Frear
Warranty Deed
—
Mar 20, 2020
—
Tracy Hansen-frear
—
Deed
related
$126,000 · Bank Of The Pacific
Mar 16, 2020
$93,000
Brad Williamson
Patricia Rogers
Warranty Deed
—
Aug 6, 2019
$80,000
David R Pauley
Guilfoyle,thomas & Margarite
Warranty Deed
—
Dec 28, 2018
—
Qtip,robert J S Trust
Savage Family Trust
Quitclaim Deed
related
—
Oct 5, 2018
$69,900
Lukas Ridnour
Lynden Busn Pk Storage LLP
Warranty Deed
—
Oct 5, 2018
$70,000
Richard P Bailey
Magnatech Holdings INC
Warranty Deed
—
Jul 26, 2018
$62,500
Unrein,j A & C J Trust
Peckenpaugh,arden & Marion
Warranty Deed
—
Jun 12, 2018
$70,000
Thomas K Hartnell
Lynden Busn Pk Storage LLP
Warranty Deed
—
Mar 15, 2018
$69,000
Pamela J Heutink
Lynden Busn Pk Storage LLP
Warranty Deed
—
Dec 15, 2017
$69,000
Robert Ford
Lynden Business Park Storage L
Warranty Deed
—
Oct 27, 2017
$65,000
Unrein,jesse A Trust
Lynden Business Park Storage LLP
Warranty Deed
—
Sep 22, 2017
—
Unrein,jesse A Trust
Unrein,jesse A & Caralynne J
Quitclaim Deed
related
—
Aug 2, 2017
$60,000
James C Davis
Rietman,ronald E & Deborah L
Warranty Deed
—
Jul 24, 2017
$65,000
Jeff E Reinke
Lynden Business Park Storage L
Warranty Deed
—
Jun 30, 2017
$65,000
Bode,randy & Jan Living Trust
Lynden Business Park Storage L
Warranty Deed
—
Jun 23, 2017
$65,000
Jm Struiksma Real Estate LLC
Lynden Business Park Storage
Warranty Deed
—
May 11, 2017
$65,000
Glenn Allen
Lynden Business Park Storage
Warranty Deed
—
Dec 22, 2016
$65,000
James Swinburnson
Lynden Business Park Storage
Warranty Deed
—
Nov 18, 2016
$79,500
Ladd V Hoef
Lynden Business Park Storage
Warranty Deed
—
Sep 30, 2016
$75,000
Brad Williamson
Lynden Business Park Storage
Warranty Deed
—
Jul 18, 2016
$62,500
Jesse Unrien
Lynden Business Park Storage
Warranty Deed
—
Feb 16, 2012
$65,000
Brad Williamson
Lynden Business Park Storage L
Warranty Deed
—
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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