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Property profile & analytics
OFF-MARKET
Commercial real estate
406 Frnt St Lynden, WA 98264-1921
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0136989
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1948
Total area
10,316 SF
Lot
0.13 ac (5,663 SF)
Zoning code
HBD
APN
400320 303322 0000
UPID
US90-0136989
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
P2h LLC · 2 yrs held
P2h LLC
since 2023
Last sale
$365,280
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 2021Property tax & assessments
Tax year 2021
Tax billed
$3,989
Tax year 2021
Assessed value
$359,424
Assessed 2022
Previous assessed
$359,424
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$208,804
Assessed improvement
$150,620
Land market value
$208,804
Improvement market value
$150,620
Total market value
$359,424
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1948
Heating
FORCED AIR
Cooling
AC.FAN COOLING
Total area
10,316 SF
Lot
0.13 ac (5,663 SF)
Zoning code
HBD
APN
400320 303322 0000
UPID
US90-0136989
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
1948
Heating
FORCED AIR
Cooling
Yes
Lot
0.13 ac
Current owner
From public records · entity-resolved
P2h LLC
Entity
Mailing address
7122 287TH PL NW, STANWOOD, WA 98292-4524
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2023
—
P2h LLC
Robert Darrell Hicks
Quit Claim Deed
related
$601,500 · Navy FCU
Jan 11, 2017
—
Robert D Hicks
Hats Off T-shirts & Engraving
Quit Claim Deed
related
—
May 8, 2012
$365,280
Hats Off T Shirts & Engraving INC
Greens Edge Commercial Properties L
Warranty Deed
$186,421 · Peoples Bank
May 8, 2006
—
Greens Edge Coml Props LLC
Blankers,peter H
Quit Claim Deed
related
—
Mar 8, 2002
$326,193
Peter H Blankers
Hendricks,ronald L & Karen J
Grant Deed
—
—
—
Peter H Blankers
—
Deed Of Trust
related
$151,841 · Peoples Bank & Trust
—
—
Perer H Blankers
—
Deed Of Trust
related
$60,000 · Ronald L & Karen J Hendricks
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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