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Property profile & analytics
OFF-MARKET
Land

5391 Labounty Dr Ferndale, WA 98248

16.88 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 16.88-acre industrial land parcel presents a remarkable investment opportunity in Ferndale, Washington. Located at 5391 La Bounty Dr, 98248, this property boasts a highly visible location with easy access to Interstate 5, ensuring excellent exposure for any development. The land is characterized by flat, level topography, simplifying construction and minimizing site preparation costs. The property is zoned GC and is conveniently adjacent to existing utilities, streamlining infrastructure connections. A Site Plan Review (SPR) is currently underway with the City of Ferndale, with an estimated approval date of October 15, 2024. This project is envisioned as a multi-tenant warehouse development, offering significant potential for future income generation. The APN is 3902280870840000. Detailed plans, studies, and reports are available upon request. This is a rare opportunity to acquire a large, well-situated industrial land parcel in a thriving area, poised for immediate development. Don't miss this chance to secure a prime piece of Washington real estate.

Property profile
Verified
Property type Land
Lot 16.88 ac (735,293 SF)
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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