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Property profile & analytics
OFF-MARKET
Estimated value
$4,980,000
Warehouses
8027 Blaine Rd Blaine, WA 98230-9725
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1514967
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2012
Total area
43,200 SF
Lot
9.22 ac (401,623 SF)
Zoning code
GC
APN
400130 447445 0000
UPID
US90-1514967
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.87M
Comparable Approach
Comparable
$4.26M
Blend (final)
Blend
$4.98M
Owner & transaction history
Bella Mini Storage LLC · 4 yrs held
Bella Mini Storage LLC
since 2021
7 recorded transactions
Zoning & alternative use
GC · Blaine, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.6M
+7.6%
Industrial (general)
$7.4M
+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%
$6,355,000
6.5%
$5,865,000
7%
$5,445,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,020,000
Current use
AUTO REPAIR, GARAGE
$7,550,000
Change: +8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$7,370,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$4.98M
Range $4.48M – $5.48M · ±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
$115 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$26,573
Tax year 2024
Assessed value
$3,948,933
Assessed 2023
Previous assessed
$3,346,553
+18.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$1,973,319
Assessed improvement
$1,975,614
Land market value
$1,973,319
Improvement market value
$1,975,614
Total market value
$3,948,933
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
2012
Heating
NONE
Total area
43,200 SF
Lot
9.22 ac (401,623 SF)
Zoning code
GC
APN
400130 447445 0000
UPID
US90-1514967
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
$7.0M
AUTO REPAIR, GARAGE
Est. value
$7.6M
INDUSTRIAL (GENERAL)
Est. value
$7.4M
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
2012
Heating
NONE
Lot
9.22 ac
Current owner
From public records · entity-resolved
Bella Mini Storage LLC
Entity
Mailing address
9519 4TH ST NE, LAKE STEVENS, WA 98258-1631
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2021
—
Bella Mini Storage LLC
Michael D Bleakney
Warranty Deed
$3,700,000 · Peoples Bank
Jul 2, 2008
—
Michael D Bleakney
—
Trustees Deed
related
$249,000 · Frontier Bank
Apr 27, 2006
—
Michael D Bleakney
Glen Cove Business Park
Quit Claim Deed
related
—
Jul 1, 2005
$450,000
Glencove Business Park LLC
Boykin,bonnie J & Janice F
Warranty Deed
—
Mar 27, 1998
$260,051
Earl W Vogt Estate
Birch Bay Commercial Holdin
Trustees Deed
—
—
—
Michael D Bleakney
—
Deed Of Trust
related
$500,000 · Us Bk
—
—
Michael D Bleakney
—
Deed Of Trust
related
$425,000 · Whatcom Educational Cu
—
—
Michael D Bleakney
—
Deed Of Trust
related
$300,000 · Clarence & Marilyn Bramhall
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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