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Property profile & analytics
OFF-MARKET
Estimated value
$3,490,000
Industrial properties
925 Ludwick Ave Blaine, WA 98230-5109
Individually Owned
29-yr Hold
~
Est. High Equity
Property ID
US90-1737068
Property profile
Verified
Property type
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Year built
1990
Total area
56,732 SF
Lot
2 ac (87,120 SF)
Zoning code
MA
APN
400106 500469 0000
UPID
US90-1737068
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
-
Nelson Building Warehouse Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.49M
Owner & transaction history
Donald W Nelson · 29 yrs held
Donald W Nelson
since 1996
7 recorded transactions
Zoning & alternative use
MA · Blaine, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$62 / 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
$22,820
Tax year 2021
Assessed value
$3,111,553
Assessed 2022
Previous assessed
$3,111,553
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$522,720
Assessed improvement
$2,588,833
Land market value
$522,720
Improvement market value
$2,588,833
Total market value
$3,111,553
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
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Status
Off-Market
Year built
1990
Heating
NONE
Cooling
YES
Total area
56,732 SF
Lot
2 ac (87,120 SF)
Zoning code
MA
APN
400106 500469 0000
UPID
US90-1737068
Jurisdiction
WHATCOM
Zoning & alternative use
MA · Blaine, WAZoning MA · permitted uses
MA · Blaine, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Cooling
Yes
Lot
2 ac
Current owner
From public records · entity-resolved
Donald W Nelson
Individual
Mailing address
925 LUDWICK AVE, BLAINE, WA 98230-5109
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2011
—
Donald W Nelson
—
Deed Of Trust
related
$1,588,818 · Banner Bank
Feb 11, 2000
—
Donald W Nelson
—
Grant Deed
related
$1,897,500 · Whatcom State Bank
Dec 16, 1997
—
Donald W Nelson
—
Grant Deed
related
$1,380,000 · Whatcom State Bank
Sep 19, 1996
$972,906
Donald W Nelson
B & N Enterprises
Grant Deed
$292,011 · Seller
—
—
B Benterprises
—
Deed Of Trust
related
$600,000 · Whatcom State Bank
—
—
B & N Enterprises
—
Deed Of Trust
related
$483,500 · Whatcom State Bank
—
—
Donald W Nelson
—
Deed Of Trust
related
$585,000 · Whatcom State Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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