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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Office buildings
719 Grover St Lynden, WA 98264-1851
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0606709
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1906
Total area
3,776 SF
Lot
0.08 ac (3,485 SF)
Zoning code
CSL
APN
400320 160261 0000
UPID
US90-0606709
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
-
Manna Insurance Group Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$960k
CAP Approach
CAP
$865k
Comparable Approach
Comparable
$983k
Blend (final)
Blend
$960k
Owner & transaction history
Kaiser Properties LLC · 2 yrs held
Kaiser Properties LLC
since 2024
Last sale
$959,950
7 recorded transactions
Zoning & alternative use
CSL · Lynden, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
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
Local Commercial Services
General category
COMMERCIAL
Zone area
172.07 ac
Source
Complete Zoning Ordinance
Top alternative use upside
Medical building
$1.2M
+6.7%
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
$960,000
ML approach
$960,000
CAP Approach
CAP Return
Estimation
6%
$940,000
6.5%
$865,000
7%
$805,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,100,000
Current use
MEDICAL BUILDING
$1,170,000
Change: +7% · Conversion: Easy
RETAIL STORES
$950,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±10% · vs last sale $960k (Jul 10 2024)
Last sale anchor
$960k
Jul 10 2024
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
$254 / 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
$3,885
Tax year 2021
Assessed value
$556,781
Assessed 2022
Previous assessed
$556,781
+0.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$91,401
Assessed improvement
$465,380
Land market value
$91,401
Improvement market value
$465,380
Total market value
$556,781
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
1906
Heating
FORCED AIR
Cooling
YES
Total area
3,776 SF
Lot
0.08 ac (3,485 SF)
Zoning code
CSL
APN
400320 160261 0000
UPID
US90-0606709
Jurisdiction
WHATCOM
Zoning & alternative use
CSL · Lynden, WAZoning CSL · permitted uses
CSL · Lynden, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
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
Local Commercial Services
General category
COMMERCIAL
Zone area
172.07 ac
Source
Complete Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$950,000
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
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
1906
Heating
FORCED AIR
Cooling
Yes
Lot
0.08 ac
Current owner
From public records · entity-resolved
Kaiser Properties LLC
Entity
Mailing address
7312 WISER RDG RD, LYNDEN, WA 98264-8400
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2024
$959,950
Kaiser Properties LLC
Tcb Real Estate LLC
Warranty Deed
$760,000 · Banner Bank
Jun 18, 2024
—
Tcb Real Estate LLC
—
Deed
related
$1,220,800 · Bank Of The Pacific
Sep 30, 2020
—
Tcb Real Estate LLC
—
Deed
related
$288,000 · Bank Of Pacific
Sep 29, 2020
—
Tcb Real Estate LLC
—
Deed
related
$243,000 · Ameritrust Cdc
Aug 28, 2020
$563,800
Tcb Real Estate LLC
Kenneth D Stremler
Warranty Deed
$288,000 · Bank Of The Pacific
Oct 26, 2015
—
Kenneth D Stremler
Stremler Janet A
Quit Claim Deed
related
$175,000 · Peoples Bk
—
—
Kenneth Stremler
—
Deed Of Trust
related
$260,000 · Peoples Bank & Trust
—
—
Tcb Real Estate LLC
—
Deed Of Trust
related
$288,000 · Bank Of Pacific
—
—
Stremler Investments
—
Deed Of Trust
related
$193,500 · Whidbey Island 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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