Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2699 Aldergrove Rd Ferndale, WA 98248

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $485,000

    Almost 10 acres with home and water certificate.

    Lot size:
    9.77 Acres

    Property Features for 2699 Aldergrove Rd

    General Information

    Lot size
    9.77 Acres
    Exterior features
    1, : "Flat", "2": "Metal"
    Interior features
    1, : "Cable Ready", "2": "Forced Air", "3": "Dishwasher(s)", "4": "Refrigerator(s)", "5": "Stove(s)/Range(s)"

    Building Details

    Year built
    1972

    We can help!

    Listing Contact
    Northwest Multiple Listing Service
    Source: Kw

    Listing Agent: Northwest Multiple Listing Service

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Acreage with Water Certificate

    This property features almost 10 acres of land in a desirable mid-county area. It includes an existing manufactured home and a water certificate from Aldergrove Water Association, which allows for 2 shares. One share is for the meter, and the other is for future development. The buyer is responsible for confirming details with the association. Potential uses for the land include designing a dream home, subdividing to create two parcels with water access, or establishing a rental property. The buyer needs to confirm county approval for subdivision. The property offers the advantage of municipal water supply, eliminating the need for private wells.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Building Supply Wholesale Shop Auto Repair Shop Kitchen & Bath Food Market Grocery Store Bakery Carpet & Flooring Store Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ferndale
    County
    Whatcom
    State
    Washington
    Longitude
    -122.6267
    Latitude
    48.875336

    Nearby Similar for Sale

    • $285,000
      2,228 SF

      Pioneer Flexspace Corner Unit

      Like-new flex space with storage and workspace in excellent condition.
      1929 Baltic Way, Ferndale, WA
      View Details
    • $17,000,000

      Manufacturing Facility Near I-5

      Unoccupied manufacturing facility with advanced features near the Canadian Border.
      5457-5463 Pacific Fern Dr, Ferndale, WA
      View Details
    • $699,000
      5,656 SF

      Visible Building in Central Whatcom

      Stand-alone building in shell condition, ready for its next phase.
      1990 Main St, Ferndale, WA 98248
      View Details
    • $328,000

      Well-Located Flex Space Condominium

      2,200 SF flex space with I-5 access.
      1972-1986 Baltic Way, Ferndale, WA
      View Details
    • $3,600,000
      11,040 SF

      Ferndale Retail Property for Sale

      Retail property with 11,040 square feet of space.
      1720 Labounty Dr, Ferndale, WA 98248
      View Details
    • $328,000

      concrete floors

      utility sink
      1986 Baltic Way, Ferndale, WA 98248
      View Details
    • $328,000

      concrete floors

      utility sink
      1972 Baltic Way, Ferndale, WA 98248
      View Details
    • $335,000

      concrete floors

      utility sink
      1986 Baltic Way, Ferndale, WA 98248
      View Details
    • $699,000

      Ferndale Commercial Building - Main Street

      High-visibility Ferndale commercial space. Ideal for retail & warehouse.
      1990 Main St, Ferndale, WA 98248
      View Details
    • $12,500,000

      I-5 Ferndale Storage Facility Investment

      Prime Location, High-Demand Storage
      2195 Buchanan Loop, Ferndale, WA 98248
      View Details

    FAQs

    What type of property is this?
    Land - Almost 10 acres with home and water certificate.
    Where is this land located?
    The property is located at 2699 Aldergrove Rd Ferndale, WA.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: - Rare 10-acre acreage in a desirable mid-county location.; - Includes a water certificate from Aldergrove Water Association allowing for 2 shares.; - Potential for future development or subdivision (buyer to confirm county approval).
    Request Owner's contact information
    2699 Aldergrove Rd Ferndale, WA 98248
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2699 Aldergrove Rd
    Ferndale, WA 98248
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2699 Aldergrove Rd Ferndale, WA 98248
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Northwest Multiple Listing Service
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.