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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Truck terminals
8631 Depot Rd Lynden, WA 98264-9301
Entity Owned
16-yr Hold
Free & Clear
Property ID
US90-1415716
Property profile
Verified
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Year built
1949
Total area
22,877 SF
Lot
6.49 ac (282,704 SF)
Zoning code
IBZ
APN
400317 228160 0000
UPID
US90-1415716
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
-
Dekoster Excavating, Inc. General Contractor Construction Company
-
Lynden Municipal Airport Airport
-
DeKoster Excavating General Contractor Construction Company
-
Lynden Tank Co Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.87M
Owner & transaction history
8631 Depot Road Lynden LLC · 16 yrs held
8631 Depot Road Lynden LLC
since 2009
1 recorded transaction
Zoning & alternative use
IBZ · Lynden, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
IBZ (Industrial Business Zone) - A light industrial zone that permits a mixture of industrial and commercial uses. 19.25.020 Purpose. The intent of the industrial zones is to provide a location for business and industrial uses in order to provide employment opportunities to the residents of the City of Lynden and surrounding area. From each use located there…
Zone name
Industrial Business Zone
General category
INDUSTRIAL
Zone area
284.54 ac
Source
Complete Zoning Ordinance
Top alternative use upside
Apartment house (5+ units)
$3.0M
+67.4%
Medical building
$3.0M
+65.6%
Restaurant
$2.9M
+58.2%
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 Lynden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lynden 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
TRUCK TERMINAL (MOTOR FREIGHT)
$1,805,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,020,000
Change: +67% · Conversion: Difficult
MEDICAL BUILDING
$2,990,000
Change: +66% · Conversion: Difficult
RESTAURANT
$2,855,000
Change: +58% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,010,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$1,925,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±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
$82 / 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
$14,568
Tax year 2021
Assessed value
$1,838,406
Assessed 2022
Previous assessed
$1,838,406
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$1,010,483
Assessed improvement
$827,923
Land market value
$1,010,483
Improvement market value
$827,923
Total market value
$1,838,406
Applied tax rate
400.0000
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
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Status
Off-Market
Year built
1949
Heating
NONE
Cooling
YES
Total area
22,877 SF
Lot
6.49 ac (282,704 SF)
Zoning code
IBZ
APN
400317 228160 0000
UPID
US90-1415716
Jurisdiction
WHATCOM
Zoning & alternative use
IBZ · Lynden, WAZoning IBZ · permitted uses
IBZ · Lynden, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
IBZ (Industrial Business Zone) - A light industrial zone that permits a mixture of industrial and commercial uses. 19.25.020 Purpose. The intent of the industrial zones is to provide a location for business and industrial uses in order to provide employment opportunities to the residents of the City of Lynden and surrounding area. From each use located therein there shall be a minimum of air pollution, air contamination, emission of odor, gases, noise and the origin of sewage wastes which shall be controlled in accordance with the standards contained in this
Zone name
Industrial Business Zone
General category
INDUSTRIAL
Zone area
284.54 ac
Source
Complete Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
TRUCK TERMINAL (MOTOR FREIGHT) Current
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$3.0M
RESTAURANT
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RETAIL STORES
Est. value
$1.9M
TRUCK TERMINAL (MOTOR FREIGHT) Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
1949
Heating
NONE
Cooling
Yes
Lot
6.49 ac
Current owner
From public records · entity-resolved
8631 Depot Road Lynden LLC
Entity
Free & Clear · 16 yrs held
Mailing address
PO BOX 34026, SEATTLE, WA 98124-1026
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2009
$26,813
8631 Depot Road Lynden LLC
Lti INC
Warranty Deed
—
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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