Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,905,000
Warehouses
8 14th St Blaine, WA 98230-9173
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-0812363
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1993
Total area
33,544 SF
Lot
1.97 ac (85,813 SF)
Zoning code
HCB
APN
410131 380283 0000
UPID
US90-0812363
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
-
Mozaik Underwater Cameras Electronics & Wireless Store
-
Rugosa Trading Corporate Office
-
Livingston International Inc Customs Broker
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.87M
Comparable Approach
Comparable
$5.30M
Blend (final)
Blend
$3.91M
Owner & transaction history
Rugosa Properties LLC · 11 yrs held
Rugosa Properties LLC
since 2014
4 recorded transactions
Zoning & alternative use
HCB · Blaine, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.9M
+7.6%
Industrial (general)
$5.7M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,195,000
6.5%
$3,870,000
7%
$3,595,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,450,000
Current use
AUTO REPAIR, GARAGE
$5,865,000
Change: +8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$5,725,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$3.91M
Range $3.51M – $4.30M · ±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
$116 / 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
$16,973
Tax year 2021
Assessed value
$2,350,769
Assessed 2022
Previous assessed
$2,350,769
+0.0% YoY
Effective rate
0.72%
On assessed value
Assessed land
$602,371
Assessed improvement
$1,748,398
Land market value
$602,371
Improvement market value
$1,748,398
Total market value
$2,350,769
Applied tax rate
300.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1993
Heating
NONE
Cooling
YES
Total area
33,544 SF
Lot
1.97 ac (85,813 SF)
Zoning code
HCB
APN
410131 380283 0000
UPID
US90-0812363
Jurisdiction
WHATCOM
Zoning & alternative use
HCB · Blaine, WAZoning HCB · permitted uses
HCB · Blaine, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.9M
INDUSTRIAL (GENERAL)
Est. value
$5.7M
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
1993
Heating
NONE
Cooling
Yes
Lot
1.97 ac
Current owner
From public records · entity-resolved
Rugosa Properties LLC
Entity
Mailing address
PO BOX 1232, BLAINE, WA 98231-1232
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2023
—
Rugosa Properties Lc
—
Deed
related
$3,000,000 · Washington Trust Bank
Sep 26, 2014
$1,150,000
Rugosa Properties LLC
Exports INC
Warranty Deed
$595,500 · Umpqua Bank
Oct 6, 2004
$941,800
State Of Washington
Exports INC
Warranty Deed
—
—
—
Rugosa Properties LLC
—
Deed Of Trust
related
$493,000 · Northwest Busn Dev Assn
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8 14th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
