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Property profile & analytics
OFF-MARKET
Estimated value
$1,615,000
Golf courses & driving ranges
8720 Semiahmoo Pkwy Blaine, WA 98230-5714
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0667646
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
GOLF COURSE
Year built
1991
Total area
12,107 SF
Lot
161.7 ac (7,043,652 SF)
Zoning code
RPR
APN
405114 303433 0000
UPID
US90-0667646
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
-
Great Blue Heron Grill Restaurant
-
Semiahmoo Golf & Country Club Golf Course
-
Jeff Coston Golf Academy Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.62M
Owner & transaction history
Resort Semiahmoo LLC · 13 yrs held
Resort Semiahmoo LLC
since 2013
3 recorded transactions
Zoning & alternative use
RPR · Blaine, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+75.9%
Office building
$2.0M
+41.4%
Apartment house (5+ units)
$1.6M
+13.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$1,405,000
Current use
RESTAURANT
$2,470,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$1,985,000
Change: +41% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,600,000
Change: +14% · Conversion: Difficult
MEDICAL BUILDING
$1,580,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$1.62M
Range $1.45M – $1.78M · ±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
$133 / 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
$58,593
Tax year 2021
Assessed value
$6,347,475
Assessed 2022
Previous assessed
$6,347,475
+0.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$1,536,150
Assessed improvement
$4,811,325
Land market value
$1,536,150
Improvement market value
$4,811,325
Total market value
$6,347,475
Applied tax rate
300.0000
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
Golf courses & driving ranges
Use group
GOLF COURSE
Status
Off-Market
Year built
1991
Heating
NONE
Cooling
EVAPORATIVE
Buildings
3
Total area
12,107 SF
Lot
161.7 ac (7,043,652 SF)
Zoning code
RPR
APN
405114 303433 0000
UPID
US90-0667646
Jurisdiction
WHATCOM
Zoning & alternative use
RPR · Blaine, WA
Zoning RPR · permitted uses
RPR · 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
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$1.4M
RESTAURANT
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
RESTAURANT
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1991
Heating
NONE
Cooling
Yes
Buildings
3
Lot
161.7 ac
Current owner
From public records · entity-resolved
Resort Semiahmoo LLC
Entity
Mailing address
1111 3RD AVE STE #3030, SEATTLE, WA 98101-3296
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2013
$18,300,000
Resort Semiahmoo LLC
Semiahmoo Resort Co LLC
Warranty Deed
related
$10,000,000 · Commerce Bank Of Washington
Jul 28, 2005
—
Semiahmoo Resort Co LLC
Semiahmoo
Quit Claim Deed
related
—
—
—
Resort Semiahmoo LLC
—
Loan Modification
related
$18,000,000 · Commerce Bk/wa
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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