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Property profile & analytics
OFF-MARKET Estimated value $1,090,000
Turn key restaurants

755 Marine Dr Point Roberts, WA 98281-8602

17,296 SF 2.2 ac lot Built 1901
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US90-1662737
Property summary
AI-generated overview

Exceptional opportunity to acquire the Blackfish Resort, a luxury hotel development project situated in Point Roberts, Washington, along the US/Canada border. Priced at $5,350,000, this 28-key hotel boasts a prime oceanfront location with a remarkably small 38-foot setback from the high tide mark. The property is uniquely positioned less than an hour from Vancouver, BC, providing access to a substantial market of over 2.6 million people. Point Roberts' secluded location, surrounded by water on three sides and accessible by road, air, or sea, adds to its exclusivity. Construction has already begun, with permits secured and foundational work underway. A highly experienced local development team is in place to ensure project completion. The seller is open to assisting with the transition to ensure a smooth handover for the new owner. A comprehensive HVS study is available upon request. This represents a rare chance to acquire a partially completed luxury hotel in a unique and desirable location. Detailed information is available in the offering memorandum.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1901
Total area 17,296 SF
Lot 2.2 ac (95,832 SF)
Zoning code RC
APN 405309 497335 0000
UPID US90-1662737
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
  • Point Roberts Homes LLC Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$665k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.52M
Blend (final) Blend
$1.09M
Owner & transaction history
Blackfish Resort INC · 8 yrs held
Blackfish Resort INC
since 2017
2 recorded transactions
2017
$3.3M
1997
$1.0M
Zoning & alternative use
RC · Point Roberts, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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