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Property profile & analytics
FOR SALE
Retail space
265 F St Blaine, WA 98230
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0689625
For Sale
Contact for pricing
265 F St, Blaine, WA 98230
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1990
Total area
1,176 SF
Lot
0.41 ac (17,860 SF)
Zoning code
CB
APN
415136 536063 0000
UPID
US90-0689625
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
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$436k
Blend (final)
Blend
$500k
Owner & transaction history
Kvb Properties LLC · 1 yrs held
Kvb Properties LLC
since 2025
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
CB · Blaine, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$365,000
+23.3%
Commercial (general)
$345,000
+16.0%
Office building
$340,000
+15.6%
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
$520,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$365,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$345,000
Change: +16% · Conversion: Easy
OFFICE BUILDING
$340,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $500k (Mar 19 2025)
Last sale anchor
$500k
Mar 19 2025
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
$425 / 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
$3,132
Tax year 2021
Assessed value
$397,866
Assessed 2022
Previous assessed
$397,866
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$379,575
Assessed improvement
$18,291
Land market value
$379,575
Improvement market value
$18,291
Total market value
$397,866
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1990
Heating
NONE
Total area
1,176 SF
Lot
0.41 ac (17,860 SF)
Zoning code
CB
APN
415136 536063 0000
UPID
US90-0689625
Jurisdiction
WHATCOM
Zoning & alternative use
CB · Blaine, WAZoning CB · permitted uses
CB · Blaine, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$365,000
COMMERCIAL (GENERAL)
Est. value
$345,000
OFFICE BUILDING
Est. value
$340,000
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1990
Heating
NONE
Lot
0.41 ac
Current owner
From public records · entity-resolved
Kvb Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
568 PEACE PORTAL DR, BLAINE, WA 98230-4013
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2025
$500,000
Kvb Properties LLC
Otis Investments LLC
Warranty Deed
—
Feb 10, 2025
—
Otis Investments LLC
Otis Investments LLC
Deed
related
—
Jul 22, 2022
—
Starbucks Corporation
—
Deed
related
—
Sep 24, 2021
—
Michael Hills INC
—
Deed
related
$3,280,000 · North Coast Cu
Nov 30, 2018
—
Otis Investments LLC
—
Deed
related
$200,000 · Banner Bk
Dec 13, 2017
—
Otis Investments LLC
—
Trustees Deed
related
$700,000 · Banner Bk
—
—
Otis Investments LLC
—
Deed Of Trust
related
$200,000 · Banner 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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