5391 Labounty Dr Ferndale, WA 98248
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.