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Property profile & analytics
OFF-MARKET
Estimated value
$1,625,000
Office buildings
288 Martin St, Blaine, WA 98230-4045
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0131802
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1905
Total area
14,013 SF
Lot
0.15 ac (6,534 SF)
Zoning code
CM
APN
405101 521548 0000
UPID
US90-0131802
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
-
Raising the brow Hair Salon Nail Salon
-
Loomis Hall Business Suites & Lofts Tour Operator
-
Healthy Youth Coalition North County Charitable Organization Social Service Agency
-
Fortiphi Insurance Insurance Agency
-
Dr. Elizabeth Schnippel Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.85M
Blend (final)
Blend
$1.63M
Owner & transaction history
Greenstone United LLC · 4 yrs held
Greenstone United LLC
since 2021
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
CM · 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
$1,730,000
ML approach
$1,755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.63M
Range $1.46M – $1.79M · ±10% · vs last sale $1.40M (Dec 22 2021)
Last sale anchor
$1.40M
Dec 22 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
$116 / 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
$8,737
Tax year 2024
Assessed value
$1,299,457
Assessed 2023
Previous assessed
$1,299,457
+0.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$185,600
Assessed improvement
$1,113,857
Land market value
$185,600
Improvement market value
$1,113,857
Total market value
$1,299,457
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1905
Heating
NONE
Cooling
YES
Total area
14,013 SF
Lot
0.15 ac (6,534 SF)
Zoning code
CM
APN
405101 521548 0000
UPID
US90-0131802
Jurisdiction
WHATCOM
Zoning & alternative use
CM · Blaine, WA
Zoning CM · permitted uses
CM · 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.
Building & site characteristics
From public records
Year built
1905
Heating
NONE
Cooling
Yes
Lot
0.15 ac
Current owner
From public records · entity-resolved
Greenstone United LLC
Entity
Mailing address
288 MARTIN ST STE #100, BLAINE, WA 98230-4045
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
$1,400,000
Greenstone United LLC
Js 4821 LLC
Warranty Deed
$600,000 · Js 4821 LLC
Jul 2, 2014
$625,280
Js 4821 LLC
Dolores Elaine Schoneveld
Warranty Deed
$250,000 · Peoples Bank
Apr 10, 2002
$1,200,000
Schoneveld Trust
Bishop,randy
Grant Deed
$900,000 · Pacific Northwest Bank
Dec 15, 1997
$150,000
Randy Bishop
Klein,joseph
Grant Deed
$93,683 · Individual
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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