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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Turn key restaurants
8124 Birch Bay Dr Blaine, WA 98230-9848
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1733306
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1955
Total area
6,616 SF
Lot
0.3 ac (13,125 SF)
Zoning code
RC
APN
405124 466050 0000
UPID
US90-1733306
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
$990k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$817k
Blend (final)
Blend
$960k
Owner & transaction history
Bay Venture LLC · 5 yrs held
Bay Venture LLC
since 2021
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
RC · Blaine, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$990,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±10% · vs last sale $800k (Mar 3 2021)
Last sale anchor
$800k
Mar 3 2021
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
$145 / 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
$4,818
Tax year 2024
Assessed value
$715,930
Assessed 2023
Previous assessed
$715,930
+0.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$367,500
Assessed improvement
$348,430
Land market value
$367,500
Improvement market value
$348,430
Total market value
$715,930
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1955
Heating
NONE
Cooling
YES
Total area
6,616 SF
Lot
0.3 ac (13,125 SF)
Zoning code
RC
APN
405124 466050 0000
UPID
US90-1733306
Jurisdiction
WHATCOM
Zoning & alternative use
RC · Blaine, WAZoning RC · permitted uses
RC · Blaine, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1955
Heating
NONE
Cooling
Yes
Lot
0.3 ac
Current owner
From public records · entity-resolved
Bay Venture LLC
Entity
Mailing address
15630 94TH AVE SW, VASHON, WA 98070-4222
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
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2021
—
Bay Venture LLC
—
Deed
related
$470,000 · Us Bank NA
Mar 3, 2021
$800,000
Bay Venture LLC
Birch Bay Getaway & Seaquel LLC
Personal Representative Deed
—
Mar 7, 2019
—
Birch Bay Getaway Seaquel LLC
—
Deed
related
$500,000 · Fidelis Equity & R/e Fund A Ll
Oct 28, 2016
—
Birch Bay Getaway & Seaquel
—
Deed
related
$200,000 · Kingman Family Trust (pt)
May 2, 2016
—
Birch Bay & Seaquel LLC
—
Deed
related
$100,000 · Cal & Bernetta Leenstra
Jan 15, 2010
—
Bay Get Away Birch
Bernstein,david J
Quit Claim Deed
related
—
Jan 14, 2010
—
David J Bernstein
Birch Bay Get Away & Seaquel
Quit Claim Deed
related
—
Nov 15, 2005
—
Bay Get Away Birch
Bernstein,david J
Quit Claim Deed
related
—
Oct 12, 2005
$100,000
David J Bernstein
Bernstein,louis & Barbara
Quit Claim Deed
related
—
Sep 26, 2005
—
Louis Bernstein
Bernstein Investment Group
Quit Claim Deed
related
—
Jun 18, 2003
—
Bernstein Investment Group LP
Xsi Properties INC
Quit Claim Deed
related
—
Apr 28, 2003
$380,001
Cyri W Randall
Kriegman,bruce P
Quit Claim Deed
related
$225,000 · Seattle Funding Group Ltd
Dec 31, 2001
—
Cyril W Randell & Assoc INC
Cyril W Randell & Assoc INC
Quit Claim Deed
related
—
Nov 20, 2001
—
Cyril W Randell & Associates
Lathers,eddie
Grant Deed
related
—
—
—
Eddie Lathers
—
Deed Of Trust
related
$164,500 · Cyril W Randell & Associates
—
—
Eddie Lathers
—
Deed Of Trust
related
$690,000 · Bruce Fine Trustee
—
—
Birch Bay Getaway & Seaquel
—
Deed Of Trust
related
$200,000 · Kingman Family Trust (pt)
—
—
Birch Bay & Seaquel LLC
—
Deed Of Trust
related
$100,000 · Cal & Bernetta Leenstra
—
—
Bay Get Away Birch
—
Deed Of Trust
related
$150,000 · Lynn Giuliani
—
—
Birch Bay Getaway Seaquel LLC
—
Deed Of Trust
related
$500,000 · Fidelis Equity & R/e Fund A Ll
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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