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Property profile & analytics
OFF-MARKET
Estimated value
$3,390,000
Warehouses
4550 Birch Bay Lynden Rd Blaine, WA 98230-9436
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0851507
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1978
Total area
30,510 SF
Lot
8.2 ac (357,192 SF)
Zoning code
GC
APN
400119 480038 0000
UPID
US90-0851507
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
-
Diamond Builders Building Supply Mill
-
Birch Bay Storage Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Spa Living Showrooms Inc Furniture & Home Goods Home Decor Store
-
Rad Reboot Fasting Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.67M
CAP Approach
CAP
$4.14M
Comparable Approach
Comparable
$2.66M
Blend (final)
Blend
$3.39M
Owner & transaction history
Bell Air Holdings LLC · 5 yrs held
Bell Air Holdings LLC
since 2021
Last sale
$3.1M
5 recorded transactions
Zoning & alternative use
GC · Blaine, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.3M
+7.6%
Industrial (general)
$5.2M
+5.0%
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
$3,775,000
ML approach
$3,670,000
CAP Approach
CAP Return
Estimation
6%
$4,485,000
6.5%
$4,140,000
7%
$3,845,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,955,000
Current use
AUTO REPAIR, GARAGE
$5,335,000
Change: +8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$5,205,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$3.39M
Range $3.05M – $3.73M · ±10% · vs last sale $3.05M (Mar 23 2021)
Last sale anchor
$3.05M
Mar 23 2021
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
$111 / 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
$15,473
Tax year 2021
Assessed value
$2,464,304
Assessed 2022
Previous assessed
$2,464,304
+0.0% YoY
Effective rate
0.63%
On assessed value
Assessed land
$1,518,066
Assessed improvement
$946,238
Land market value
$1,518,066
Improvement market value
$946,238
Total market value
$2,464,304
Applied tax rate
3,035.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Heating
NONE
Total area
30,510 SF
Lot
8.2 ac (357,192 SF)
Zoning code
GC
APN
400119 480038 0000
UPID
US90-0851507
Jurisdiction
WHATCOM
Zoning & alternative use
GC · Blaine, WA
Zoning GC · permitted uses
GC · 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
WAREHOUSE, STORAGE Current
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$5.3M
INDUSTRIAL (GENERAL)
Est. value
$5.2M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1978
Heating
NONE
Lot
8.2 ac
Current owner
From public records · entity-resolved
Bell Air Holdings LLC
Entity
Mailing address
9519 4TH ST NE, LAKE STEVENS, WA 98258-1631
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Mar 23, 2021
—
Bell Air Holdings LLC
Ronald M Bell
Intrafamily Transfer
related
$2,600,000 · Peoples Bank
Dec 31, 2019
$3,054,000
Vail Station & Birch Bay LLC
Ronald M Bell
Warranty Deed
—
Jan 24, 2002
—
Ronald M Bell
—
Deed Of Trust
related
$1,291,951 · Peoples Bank & Trust
—
—
Ronald M Bell
—
Deed Of Trust
related
$200,000 · Peoples State Bank
—
—
Ronald M Bell
—
Deed Of Trust
related
$660,000 · 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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