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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Sports & entertainment properties
4874 Birch Bay Lynden Rd Blaine, WA 98230-9636
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1401249
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1982
Total area
6,933 SF
Lot
4.42 ac (192,535 SF)
Zoning code
GC
APN
400119 024037 0000
UPID
US90-1401249
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
-
Homestead Northwest Inc Arcade & Gaming Center Family Recreation Center
-
Birch Bay Waterslides Water Park Amusement Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$960k
Owner & transaction history
Cellco Partnership · 2 yrs held
Cellco Partnership
since 2023
7 recorded transactions
Zoning & alternative use
GC · Blaine, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+75.9%
Office building
$1.1M
+41.4%
Apartment house (5+ units)
$915,000
+13.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$805,000
Current use
RESTAURANT
$1,415,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$1,140,000
Change: +41% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$915,000
Change: +14% · Conversion: Difficult
MEDICAL BUILDING
$905,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±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
$138 / 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
$22,429
Tax year 2021
Assessed value
$2,064,920
Assessed 2022
Previous assessed
$2,064,920
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,010,809
Assessed improvement
$1,054,111
Land market value
$1,010,809
Improvement market value
$1,054,111
Total market value
$2,064,920
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1982
Heating
YES
Cooling
YES
Total area
6,933 SF
Lot
4.42 ac (192,535 SF)
Zoning code
GC
APN
400119 024037 0000
UPID
US90-1401249
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
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$805,000
RESTAURANT
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$915,000
MEDICAL BUILDING
Est. value
$905,000
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
RESTAURANT
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1982
Heating
YES
Cooling
Yes
Lot
4.42 ac
Current owner
From public records · entity-resolved
Cellco Partnership
Entity
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2023
—
Cellco Partnership
Jun Yu Development LLC
Lease
—
Jul 13, 2020
—
Jun Yu Development LLC
—
Deed
related
$200,000 · Banner Bank
May 23, 2017
—
Jun Yu Dev LLC
—
Deed
related
$200,000 · Banner Bk
Sep 6, 2011
$3,200,000
Jun Yu Dev I LLC
Birch Bay Water Slides LLC
Warranty Deed
—
Feb 17, 2011
—
Birch Bay Waterslides LLC
Homestar Northwest LLC
Quit Claim Deed
related
—
Oct 3, 2005
$4,475,000
Homestar Northwest LLC
Birch Bay Holdings Ltd
Grant Deed
$4,000,000 · Birch Bay Holdings Ltd
—
—
Birch Bay Holdings INC
—
Deed Of Trust
related
$60,000 · Whatcom State Bank
—
—
Birch Bay Holdings Ltd
—
Deed Of Trust
related
$896,468 · Individual
—
—
Homestar Northwest LLC
—
Deed Of Trust
related
$3,000,000 · Waterfront Investment Co
—
—
Jun Yu Dev I LLC
—
Deed Of Trust
related
$200,000 · Sterling Bank
—
—
Birch Bay Holdings Ltd
—
Deed Of Trust
related
$513,900 · Banner Bank
—
—
Jun Yu Dev LLC
—
Deed Of Trust
related
$200,000 · Banner Bk
—
—
Birch Bay Holdings Ltd
—
Deed Of Trust
related
$110,000 · Whatcom 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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