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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Retail space
302 Frnt St Lynden, WA 98264-1919
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0055168
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1915
Total area
5,557 SF
Lot
0.16 ac (6,970 SF)
Zoning code
HBD
APN
400320 339341 0000
UPID
US90-0055168
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
$1.02M
Comparable Approach
Comparable
$553k
Blend (final)
Blend
$890k
Owner & transaction history
Catherine O Wallace · 7 yrs held
Catherine O Wallace
since 2019
7 recorded transactions
Zoning & alternative use
HBD · Lynden, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
1. Historic business district (HBD): The historic business district is the zone where the city's economic activity originated. This zone is intended to be an active mix of professional offices and residences, personal services and small retail establishments serving the employees and residents of the area. Emphasis on the city's cultural history is anchored…
Zone name
Historic Business
General category
COMMERCIAL
Zone area
12.26 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,105,000
6.5%
$1,020,000
7%
$945,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,395,000
Current use
COMMERCIAL (GENERAL)
$1,265,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$890k
Range $801k – $979k · ±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
$160 / 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
$7,632
Tax year 2024
Assessed value
$1,063,887
Assessed 2023
Previous assessed
$912,594
+16.6% YoY
Effective rate
0.72%
On assessed value
Assessed land
$252,000
Assessed improvement
$811,887
Land market value
$252,000
Improvement market value
$811,887
Total market value
$1,063,887
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1915
Heating
FORCED AIR
Cooling
YES
Total area
5,557 SF
Lot
0.16 ac (6,970 SF)
Zoning code
HBD
APN
400320 339341 0000
UPID
US90-0055168
Jurisdiction
WHATCOM
Zoning & alternative use
HBD · Lynden, WAZoning HBD · permitted uses
HBD · Lynden, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
1. Historic business district (HBD): The historic business district is the zone where the city's economic activity originated. This zone is intended to be an active mix of professional offices and residences, personal services and small retail establishments serving the employees and residents of the area. Emphasis on the city's cultural history is anchored by the Pioneer Museum and the Windmill Hotel. Storefronts and streetscapes shall encourage pedestrian activity. 2. Local commercial services (CSL): Th e purpose of the CSL zone is to provide a location for local scale retail develo pment (stores less than sixty -five thousand square feet), medical, professional and financial services. Development within this zone should focus on pedestrian connectivity to the surrounding area and
Zone name
Historic Business
General category
COMMERCIAL
Zone area
12.26 ac
Source
Complete Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1915
Heating
FORCED AIR
Cooling
Yes
Lot
0.16 ac
Current owner
From public records · entity-resolved
Catherine O Wallace
Individual
Mailing address
615 RIDGEWAY DR, BELLINGHAM, WA 98225-6423
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2019
—
Catherine O Wallace
Wallace,catherine O
Quit Claim Deed
related
—
Feb 28, 2019
$957,000
Catherine O Wallace
300 Front Street LLC
Warranty Deed
—
Dec 20, 2012
—
300 Front Street LLC
Ware,jared
Quit Claim Deed
related
—
Mar 12, 2003
$125,000
Jared Ware
Maier,william B & Barbara
Grant Deed
—
Oct 1, 2002
—
William B Maier
—
Trustees Deed
related
$405,000 · Peoples Bank & Trust
—
—
300 Front Street LLC
—
Deed Of Trust
related
$500,000 · Bank Of The Pacific
—
—
Jared L Ware
—
Deed Of Trust
related
$200,000 · Horizon Bank
—
—
Front Street LLC
—
Deed Of Trust
related
$412,500 · Horizon Bank
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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