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Property profile & analytics
OFF-MARKET
Individual retail properties
404 Frnt St Lynden, WA 98264-1921
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-3229324
Property profile
Verified
Property type
Individual retail properties
Use group
GARDEN CENTER, HOME IMPROVEMENT
Year built
1898
Total area
4,680 SF
Lot
0.11 ac (4,792 SF)
Zoning code
HBD
APN
400320 305325 0000
UPID
US90-3229324
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Joan A Lecocq · 3 yrs held
Joan A Lecocq
since 2022
Last sale
$400,000
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,385
Tax year 2024
Assessed value
$471,818
Assessed 2023
Previous assessed
$443,180
+6.5% YoY
Effective rate
0.72%
On assessed value
Assessed land
$200,900
Assessed improvement
$270,918
Land market value
$200,900
Improvement market value
$270,918
Total market value
$471,818
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
Individual retail properties
Use group
GARDEN CENTER, HOME IMPROVEMENT
Status
Off-Market
Year built
1898
Heating
FORCED AIR
Cooling
YES
Total area
4,680 SF
Lot
0.11 ac (4,792 SF)
Zoning code
HBD
APN
400320 305325 0000
UPID
US90-3229324
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
Building & site characteristics
From public records
Year built
1898
Heating
FORCED AIR
Cooling
Yes
Lot
0.11 ac
Current owner
From public records · entity-resolved
Joan A Lecocq
Individual
Free & Clear · 3 yrs held
Mailing address
5142 BYERS RD, FERNDALE, WA 98248-8928
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2022
—
Joan A Lecocq
Joan Adele Lecorq
Re-recorded Document
related
—
Nov 1, 2022
—
Joan A Lecocq
Joan Adele Lecocq
Intrafamily Transfer
related
—
Jan 31, 2019
—
Lecocq,robert & Joan Living Trust
Lecocq,joan A
Quit Claim Deed
related
—
Dec 12, 2018
—
Lecocq,robert & Joan Living Trust
Lecocq,joan A
Quit Claim Deed
related
—
Jul 20, 2018
$400,000
Joan A Lecocq
JR Front St LLC
Warranty Deed
$310,000 · Bank Of Pacific
Jun 3, 2015
$265,500
JR Front St LLC
Dickinson J Roland & Caroline M
Warranty Deed
—
Apr 6, 2015
—
J Roland Dickinson
Campeau Brenda
Deed In Lieu Of Foreclosure
related
—
Nov 1, 2005
—
Brenda Campeau
Campeau,tobias P
Quit Claim Deed
—
Nov 1, 2005
$265,000
Brenda Campeau
Dickinson,j R & Caroline M
Warranty Deed
$245,000 · J R & Caroline M Dickinson
—
—
Keith L Cox
—
Deed Of Trust
related
$16,819 · Peoples State Bank
—
—
Keith L Cox
—
Deed Of Trust
related
$32,314 · Peoples 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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