838 Peace Portal Dr Blaine, WA 98230
- Office buildings
- 2,016 SF
- 0.06 lot acres
Current Use by Public Records
- Fraser Elliott Commercial / Real Estate Agency
- The Firm Real Estate Services / Real Estate Agency
- Locker & Ebert Insurance / Auto Insurance Agency / Home Insurance Agency
- R & S Building / General Contractor
- Employee Benefits Planning / Insurance Agency / Life Insurance Agency
Property Details for 838 Peace Portal Dr
- Year built
- 1956
- Lot size
- 0.06 lot acres
- Property size
- 2,016 SF
- Zone code
- CM
- Property type
- Office buildings
- APN
- 405101 493516 0000
- APU
- 4051014935160000
Description
This exceptional mixed-use property, located at 838 Peace Portal Dr, Blaine, WA 98230, presents a unique investment opportunity. The building, originally constructed in 1956 and extensively renovated in 2019, offers a total of 2,016 square feet across two stories. The property features a functional office space on the ground floor and a spacious studio apartment on the upper level, perfect for owner-occupancy or rental income. The building sits on a prime waterfront location, boasting breathtaking water views. The permitted zoning is CB-M-48, allowing for a four-story building. The upstairs studio apartment is currently vacant, presenting immediate rental potential. With a price of $719,900 ($357.09 per square foot), this property offers a compelling combination of commercial and residential space in a highly desirable location. This versatile property is ideal for those seeking a blend of work and living space, or a strong investment opportunity with excellent rental return potential. The building's modern amenities, combined with its classic charm and stunning location, make it a truly exceptional offering. Don't miss this chance to own a piece of Blaine's waterfront.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $750,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $720,000
- 6.5%
- $710,000
- 7%
- $740,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $765,000
- Geo Method
- $850,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $655,000
- Retail
- $725,000
- Mixed-Use
- $715,000
- Hospitality
- $750,000
- Educational
- $675,000
- Residential Income
- $725,000
- Energy
- $715,000
- Income-Based Land
- $720,000
- Food Service
- $745,000
Location Insight
- Map
- Local Demand
- City
- Blaine
- County
- Whatcom
- State
- Washington
- Longitude
- -122.751
- Latitude
- 48.9926
- CBSA code
- 13380
- CBSA name
- BELLINGHAM, WA METROPOLITAN STATISTICAL AREA
