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Property profile & analytics
OFF-MARKET
Estimated value
$4,010,000
Investment properties
8862 Bender Rd Lynden, WA 98264-8800
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US90-0417540
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2008
Total area
18,449 SF
Lot
0.47 ac (20,473 SF)
Zoning code
CSL
APN
400316 025509 0000
UPID
US90-0417540
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
-
Nami Asian Bistro Restaurant
-
Capstone Physical Therapy - Lynden Medical Clinic
-
Apple Pediatric Dentistry Dental Office
-
Katie Tabayoyon, PTA Medical Clinic
-
Marc Harrington Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.60M
Comparable Approach
Comparable
$3.84M
Blend (final)
Blend
$4.01M
Owner & transaction history
Perched Valley Property Manage · 14 yrs held
Perched Valley Property Manage
since 2012
7 recorded transactions
Zoning & alternative use
CSL · Lynden, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
2. Local commercial services (CSL): Th e purpose of the CSL zone is to provide a location for local scale retail develo pment (stores less than sixty -five thousand square feet), medical, professional and financial services. Development within this zone should focus on pedestrian connectivity to the surrounding area and
Zone name
Local Commercial Services
General category
COMMERCIAL
Zone area
172.07 ac
Source
Complete Zoning Ordinance
Top alternative use upside
Restaurant
$6.3M
+49.3%
Medical building
$5.7M
+36.2%
Office building
$5.4M
+27.7%
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%
$3,900,000
6.5%
$3,600,000
7%
$3,345,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,200,000
Current use
RESTAURANT
$6,270,000
Change: +49% · Conversion: Difficult
MEDICAL BUILDING
$5,720,000
Change: +36% · Conversion: Easy
OFFICE BUILDING
$5,365,000
Change: +28% · Conversion: Easy
RETAIL STORES
$4,640,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$4.01M
Range $3.61M – $4.41M · ±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
$217 / 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
$15,905
Tax year 2021
Assessed value
$2,282,100
Assessed 2022
Previous assessed
$2,282,100
+0.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$390,826
Assessed improvement
$1,891,274
Land market value
$390,826
Improvement market value
$1,891,274
Total market value
$2,282,100
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2008
Heating
HEAT PUMP
Cooling
YES
Total area
18,449 SF
Lot
0.47 ac (20,473 SF)
Zoning code
CSL
APN
400316 025509 0000
UPID
US90-0417540
Jurisdiction
WHATCOM
Zoning & alternative use
CSL · Lynden, WAZoning CSL · permitted uses
CSL · Lynden, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
2. Local commercial services (CSL): Th e purpose of the CSL zone is to provide a location for local scale retail develo pment (stores less than sixty -five thousand square feet), medical, professional and financial services. Development within this zone should focus on pedestrian connectivity to the surrounding area and
Zone name
Local Commercial Services
General category
COMMERCIAL
Zone area
172.07 ac
Source
Complete Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.2M
RESTAURANT
Est. value
$6.3M
MEDICAL BUILDING
Est. value
$5.7M
OFFICE BUILDING
Est. value
$5.4M
RETAIL STORES
Est. value
$4.6M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
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
2008
Heating
HEAT PUMP
Cooling
Yes
Lot
0.47 ac
Current owner
From public records · entity-resolved
Perched Valley Property Manage
Entity
Mailing address
2141 WASHINGTON ST, FERNDALE, WA 98248-9183
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2021
—
Perched Vly Prop Mgmt LLC
—
Deed
related
$90,000 · Jl Way Dds Ms Ps
Jun 30, 2020
—
Perched Vly Prop Mgmt LLC
—
Deed
related
—
Jan 11, 2012
—
Perched Valley Property Manage
Yeh,matthew S
Quit Claim Deed
related
—
Sep 6, 2011
$942,785
Matthew S Yeh
Owner Name Unavailable
Quit Claim Deed
—
Sep 27, 2006
$257,250
Matthew Yeh
Bender Plaza LLC
Warranty Deed
—
—
—
Matthew Yeh
—
Deed Of Trust
related
$850,000 · Skagit State Bank
—
—
Perched Vly Prop Mgmt LLC
—
Loan Modification
related
—
—
—
Perched Vly Prop Mgmt LLC
—
Deed Of Trust
related
$90,000 · Jl Way Dds Ms Ps
—
—
Matthew Yeh
—
Deed Of Trust
related
$1,450,000 · Verna Yeh
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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