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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Office buildings
423 Frnt St, Lynden, WA 98264-1920
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US90-0132579
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1922
Total area
5,040 SF
Lot
0.09 ac (3,920 SF)
Zoning code
HBD
APN
400320 265271 0000
UPID
US90-0132579
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
$891k
Blend (final)
Blend
$725k
Owner & transaction history
E & R 4 Properties LLC · 25 yrs held
E & R 4 Properties LLC
since 2001
2 recorded transactions
Zoning & alternative use
HBD · Lynden, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$144 / 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
$3,522
Tax year 2021
Assessed value
$504,647
Assessed 2022
Previous assessed
$504,647
+0.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$136,492
Assessed improvement
$368,155
Land market value
$136,492
Improvement market value
$368,155
Total market value
$504,647
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
1922
Heating
SPACE
Cooling
AC.FAN COOLING
Total area
5,040 SF
Lot
0.09 ac (3,920 SF)
Zoning code
HBD
APN
400320 265271 0000
UPID
US90-0132579
Jurisdiction
WHATCOM
Zoning & alternative use
HBD · Lynden, WA
Zoning HBD · permitted uses
HBD · 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.
Building & site characteristics
From public records
Year built
1922
Heating
SPACE
Cooling
Yes
Lot
0.09 ac
Current owner
From public records · entity-resolved
E & R 4 Properties LLC
Entity
Mailing address
PO BOX 978, LYNDEN, WA 98264-0978
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2001
$225,000
E & R 4 Properties LLC
Noteboom,leroy M
Grant Deed
$200,000 · Leroy M
—
—
E & R 4 Properties LLC
—
Deed Of Trust
related
$600,000 · Gregory & Mary Ebe
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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