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Property profile & analytics
OFF-MARKET
Estimated value
$1,390,000
Industrial land
8844 Benson Rd Lynden, WA 98264-9787
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-2651641
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
4.65 ac (202,554 SF)
Zoning code
IBZ
APN
400317 055475 0000
UPID
US90-2651641
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
-
Orthopedics and Sports Medicine at PeaceHealth Lynden Clinic Medical Clinic
-
Family Medicine at PeaceHealth Lynden Clinic Medical Clinic
-
Orthopedics and Surgery at PeaceHealth Lynden Clinic Medical Clinic
-
PeaceHealth Medical Group: Lynden Clinic Medical Clinic
-
Cardiology at PeaceHealth Lynden Clinic Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.39M
Owner & transaction history
Peacehealth · 5 yrs held
Peacehealth
since 2020
Last sale
$1.2M
3 recorded transactions
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
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
$1,665,000
ML approach
$1,495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.39M
Range $1.25M – $1.53M · ±10% · vs last sale $1.20M (Sep 18 2020)
Last sale anchor
$1.20M
Sep 18 2020
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
—
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
$8,718
Tax year 2024
Assessed value
$1,215,324
Assessed 2023
Previous assessed
$857,532
+41.7% YoY
Effective rate
0.72%
On assessed value
Assessed land
$1,215,324
Land market value
$1,215,324
Total market value
$1,215,324
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
4.65 ac (202,554 SF)
Zoning code
IBZ
APN
400317 055475 0000
UPID
US90-2651641
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
Building & site characteristics
From public records
Heating
NONE
Lot
4.65 ac
Current owner
From public records · entity-resolved
Peacehealth
Individual
Free & Clear · 5 yrs held
Mailing address
1115 SE 164TH AVE, VANCOUVER, WA 98683-9324
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Sep 18, 2020
$1,200,000
Peacehealth
Expectant Ents LLC
Warranty Deed
—
May 3, 2006
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Feb 28, 2006
—
Expectant Ents LLC
Expectant Ents
Quit Claim 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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