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Property profile & analytics
OFF-MARKET
Commercial land
8362 Portal Way, Blaine, WA 98230-9836
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-0395036
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1932
Total area
1,792 SF
Lot
5.05 ac (219,978 SF)
Zoning code
RIM
APN
400122 035370 0000
UPID
US90-0395036
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
8362 Portal Way LLC · 1 yrs held
8362 Portal Way LLC
since 2025
Last sale
$475,000
7 recorded transactions
Zoning & alternative use
RIM · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,234
Tax year 2021
Assessed value
$527,947
Assessed 2022
Previous assessed
$527,947
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$527,947
Land market value
$527,947
Total market value
$527,947
Applied tax rate
2,040.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1932
Heating
BASEBOARD
Stories
2
Bathrooms
1
Total area
1,792 SF
Lot
5.05 ac (219,978 SF)
Zoning code
RIM
APN
400122 035370 0000
UPID
US90-0395036
Jurisdiction
WHATCOM
Zoning & alternative use
RIM · Blaine, WA
Zoning RIM · permitted uses
RIM · 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.
Building & site characteristics
From public records
Year built
1932
Heating
BASEBOARD
Stories
2
Bathrooms
1
Lot
5.05 ac
Current owner
From public records · entity-resolved
8362 Portal Way LLC
Entity
Free & Clear · 1 yrs held
Mailing address
215 MARINE DR STE #200, BLAINE, WA 98230-4037
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2025
$475,000
8362 Portal Way LLC
Positive Realism INC
Warranty Deed
—
Dec 11, 2024
—
Positive Realism INC
Kamaljit Sihota
Deed
related
—
Feb 13, 2020
—
Kamaljit Sihota
—
Deed
related
$300,000 · Kashmir S Bains
Dec 5, 2018
—
Kamaljit Sihota
Freeman,ron & Janine L
Grant Deed
related
—
Apr 2, 2015
$390,000
Sihota Kamaljit Harneet|freeman Ron
Freeman Ron & Janine L
Dual Purpose Document
related
$290,000 · Ron & Janine L Freeman
Aug 31, 2007
—
Glen Stewart
Stewart,ted
Quit Claim Deed
—
Jul 19, 2006
—
Lulu Island Greenhouses Ltd
Wild Carrot Creations
Quit Claim Deed
—
Apr 24, 2001
$375,000
Wild Carrot Creations INC
Freeman,ron & Janine L
—
$350,000 · Ron & Janine L
—
—
Ronald Freeman
—
Deed Of Trust
related
$92,000 · Horizon Bank
—
—
Kamaljit Sihota
—
Deed Of Trust
related
$300,000 · Kashmir S Bains
—
—
Kamaljit Sihota
—
Deed Of Trust
related
$350,000 · Service Express INC
—
—
Kamaljit Sihota
—
Deed Of Trust
related
$350,000 · Service Express INC
—
—
Kamaljit Sihota
—
Deed Of Trust
related
$300,000 · Kashmir S Bains
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
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