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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Office buildings
400 5th St, Lynden, WA 98264-1302
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1645979
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1929
Total area
3,183 SF
Lot
0.16 ac (6,970 SF)
Zoning code
CSL
APN
400320 205416 0000
UPID
US90-1645979
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
-
Telgenhoff & Oetgen PS Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
$730k
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$975k
Owner & transaction history
Gluhwein Girls LLC · 3 yrs held
Gluhwein Girls LLC
since 2023
Last sale
$950,000
5 recorded transactions
Zoning & alternative use
CSL · Lynden, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$985,000
+6.7%
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
$1,090,000
ML approach
$1,175,000
CAP Approach
CAP Return
Estimation
6%
$790,000
6.5%
$730,000
7%
$680,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$925,000
Current use
MEDICAL BUILDING
$985,000
Change: +7% · Conversion: Easy
RETAIL STORES
$800,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±10% · vs last sale $950k (Mar 31 2023)
Last sale anchor
$950k
Mar 31 2023
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
$306 / 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
$4,841
Tax year 2021
Assessed value
$694,613
Assessed 2022
Previous assessed
$694,613
+0.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$143,401
Assessed improvement
$551,212
Land market value
$143,401
Improvement market value
$551,212
Total market value
$694,613
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1929
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
2
Bathrooms
1
Total area
3,183 SF
Lot
0.16 ac (6,970 SF)
Zoning code
CSL
APN
400320 205416 0000
UPID
US90-1645979
Jurisdiction
WHATCOM
Zoning & alternative use
CSL · Lynden, WA
Zoning CSL · permitted uses
CSL · Lynden, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lynden. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$925,000
MEDICAL BUILDING
Est. value
$985,000
RETAIL STORES
Est. value
$800,000
OFFICE BUILDING Current
MEDICAL 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
1929
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Gluhwein Girls LLC
Entity
Mailing address
400 5TH ST, LYNDEN, WA 98264-1302
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2026
—
Gluhwein Girls LLC
—
Deed
related
$600,000 · Joel Hoekema
Jun 21, 2024
—
Gluhwein Girls LLC
—
Deed
related
$747,135 · Banner Bank
Mar 31, 2023
$950,000
Gluhwein Girls LLC
Terry L Telgenhoff
Warranty Deed
$650,000 · Terry Telgenhoff Etux
Jul 31, 1996
$145,000
Terry L Telgenhoff
Wall,robert B & Patricia A
Grant Deed
$108,700 · Horizon Bank
—
—
Terry L Telgenhoff
—
Deed Of Trust
related
$110,500 · 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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