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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Investment properties
328 Martin St, Blaine, WA 98230-4108
Entity Owned
11-yr Hold
Free & Clear
Property ID
US90-3313722
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1981
Total area
3,104 SF
Lot
0.14 ac (6,098 SF)
Zoning code
CM
APN
405101 540549 0000
UPID
US90-3313722
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
-
SILVER STAG HANDCRAFTED FIELD GEAR Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$605k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$865k
Owner & transaction history
Bds Ventures LLC · 11 yrs held
Bds Ventures LLC
since 2015
4 recorded transactions
Zoning & alternative use
CM · Blaine, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$965,000
+6.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$655,000
6.5%
$605,000
7%
$565,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$905,000
Current use
MEDICAL BUILDING
$965,000
Change: +6% · Conversion: Easy
OFFICE BUILDING
$905,000
Change: 0% · Conversion: Easy
RETAIL STORES
$780,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$279 / 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
$5,195
Tax year 2021
Assessed value
$700,002
Assessed 2022
Previous assessed
$700,002
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$185,600
Assessed improvement
$514,402
Land market value
$185,600
Improvement market value
$514,402
Total market value
$700,002
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1981
Heating
NONE
Cooling
YES
Buildings
2
Total area
3,104 SF
Lot
0.14 ac (6,098 SF)
Zoning code
CM
APN
405101 540549 0000
UPID
US90-3313722
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$905,000
MEDICAL BUILDING
Est. value
$965,000
OFFICE BUILDING
Est. value
$905,000
RETAIL STORES
Est. value
$780,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1981
Heating
NONE
Cooling
Yes
Buildings
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Bds Ventures LLC
Entity
Free & Clear · 11 yrs held
Mailing address
328 MARTIN ST, BLAINE, WA 98230-4108
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
Mar 4, 2015
—
Bds Ventures LLC
Smith Laurin S
Quit Claim Deed
related
—
Aug 10, 2005
$275,280
Bds Ventures LLC
Raymond L George
Warranty Deed
$212,000 · Us Bank NA
—
—
Glorene M George
—
Deed Of Trust
related
$110,000 · Banner Bank
—
—
Raymond L George
—
Deed Of Trust
related
$94,000 · Whatcom State 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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