Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Labounty Dr Ferndale, WA 98248
    Back to Search
    Property profile & analytics

    Labounty Dr Ferndale, WA 98248

    View on Map
    • Retail properties & Spaces
    • 45,302 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Labounty Dr

    Property size
    45,302 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 45,302 square foot commercial lot, located at La Bounty Dr in Ferndale, WA 98248, presents a compelling development opportunity. Situated on a corner lot with high visibility and traffic counts, this property benefits from its proximity to Main Street and convenient access to I-5. The site is shadow-anchored by a Haggen grocery store, ensuring strong consumer traffic and a vibrant commercial environment. Zoning regulations permit a diverse range of commercial uses, including the possibility of multi-family development, offering significant flexibility for potential investors. This lot is part of a larger parcel, with the option to purchase all three lots together or acquire Lot A individually. The asking price for this prime development land is $996,644. This location within Ferndale's bustling business center makes it an ideal investment for those seeking high-impact commercial development in a thriving community. The property is in Whatcom County and offers excellent drive-by exposure. Don't miss this chance to secure a piece of Ferndale's commercial heart.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ferndale
    County
    Whatcom
    State
    Washington
    Longitude
    -122.568
    Latitude
    48.8337

    Comparable in this City

    • Value Estimation by Request
      3.51 Acres

      Lot A B C Labounty Dr

      Land • 3.51 Acres
      0 Lot A B C Labounty Dr, Ferndale, WA 98248
      View Details
    • Value Estimation by Request
      0.59 Acres

      2131 Main St

      Land • 0.59 Acres
      2131 Main St, Ferndale, WA 98248
      View Details
    • Value Estimation by Request
      5.16 Acres

      2127 Main St

      Land • 5.16 Acres
      2127 Main St, Ferndale, WA 98248
      View Details
    • Value Estimation by Request
      24.53 Acres

      5094 Labounty Rd

      Land • 24.53 Acres
      5094 Labounty Rd, Ferndale, WA 98248
      View Details
    • Value Estimation
      $1,120,000
      1,188 SF

      5040 Pacific Hwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,188 SF
      5040 Pacific Hwy, Ferndale, WA 98248-8922
      View Details
    • Value Estimation
      $660,000
      3,240 SF

      1469 Sunset Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,240 SF
      1469 Sunset Ave, Ferndale, WA 98248-8914
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      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
    • $139,900

      Infill Lot in Downtown Ferndale

      Rare infill lot in historic downtown Ferndale, special building considerations.
      5604 3Rd Ave, Ferndale, WA 98248
      View Details
    • $2,000,000

      Land Near Grandview Exit

      Zoned for regional retail with a wide variety of uses.
      2036 Grandview Rd, Ferndale, WA 98248
      View Details
    • $2,000,000

      Land in Ferndale Retail Area

      Land suitable for retail development in Ferndale, Washington.
      Grandview Rd, Ferndale, WA 98248
      View Details
    • Contact for pricing

      Commercial Land I-5 Visibility

      Commercial land with high I-5 visibility, site plan review in process.
      5391 Labounty Dr, Ferndale, WA 98248
      View Details
    • $1,200,000

      High-Visibility Industrial Parcel For Sale

      5-acre light industrial parcel with permit-in-hand for mini storage.
      2265 Grandview Rd, Ferndale, WA 98248
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,500 SF

      Retail Center Near Interstate 5

      28,000 SF retail center near I-5 in Ferndale, WA.
      5905 Portal Way, Ferndale, WA 98248
      View Details
    • Contact for pricing
      7,158 SF

      New Retail & Office Space

      New construction retail and office space in a growing area.
      6252 Portal Way, Ferndale, WA 98248
      View Details
    • Contact for pricing

      Retail and Office Complex

      Retail and office spaces available in a high-traffic commercial area.
      1859 Main St, Ferndale, WA 98248
      View Details
    • Contact for pricing
      5,850 SF

      High-Visibility Retail Space Available

      Retail spaces available along I-5 with ample parking.
      5100 Pacific Hwy, Ferndale, WA 98248
      View Details
    • $16 SF/Yr
      1,808 SF

      Ferndale Corner Office Space

      Corner office space in the heart of Ferndale.
      1943 Main St, Ferndale, WA 98248
      View Details
    • Contact for pricing
      10,000 SF

      Ferndale Warehouse with Easy Access

      50,000 SF warehouse with I-5 access and high ceilings.
      1400 Commerce Pl, Ferndale, WA 98248
      View Details
    Request Owner's contact information
    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.
    Labounty Dr
    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
    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

    Thank You for Inquiry
    Labounty Dr, Ferndale, WA, 98248
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!