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    6955 Salashan Pkwy Ferndale, WA 98248

    • Industrial properties
    • 60,000 SF
    • 7.00 lot acres
    For Lease
    View listing
    $9 SF/Yr
    Value Estimation
    $10,215,000
    Last Sale
    Feb 11, 2022
    $10,000,000
    Location Intelligence
    Property ID
    US90-1389160
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Montigo (Factory) / Fireplace Manufacturer

    Property Details for 6955 Salashan Pkwy

    Year built
    1998
    Lot size
    7.00 lot acres
    Property size
    60,000 SF
    Zone code
    LII
    Property type
    Industrial properties
    APN
    390206 080124 0000
    APU
    3902060801240000

    Description

    This exceptional 40,000 square foot light industrial warehouse building presents a fantastic sublease opportunity, available January 1st, 2024, and extending until June 30th, 2027. Located within the desirable Grandview Business Park, this single-story building offers significant advantages for businesses seeking efficient and well-equipped space. The structure is a fully engineered, steel-framed building, complete with a comprehensive sprinkler system for enhanced safety. Loading and unloading are facilitated by one grade-level door and one loading dock, ensuring smooth operations. The property boasts substantial heavy power capacity, catering to businesses with significant energy demands. Ample parking is readily available, complemented by excellent ingress and egress points, simplifying transportation and logistics. This is a single-tenant building, providing exclusive use of the entire 40,000 square feet. The building's design and features make it ideal for a variety of industrial uses. Don't miss this chance to secure a prime location and well-maintained warehouse space in a thriving business park. Contact us today to schedule a viewing.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $10,375,000

    • CAP approach

      CAP return
      Estimation
      6%
      $10,470,000
      6.5%
      $10,525,000
      7%
      $10,680,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $10,085,000
      Geo Method
      $8,930,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $9,550,000
      Retail
      $10,840,000
      Mixed-Use
      $8,230,000
      Hospitality
      $9,545,000
      Educational
      $10,205,000
      Residential Income
      $10,330,000
      Energy
      $8,880,000
      Income-Based Land
      $10,975,000
      Food Service
      $10,490,000

    Location Insight

    • Map
    • Local Demand
    City
    Ferndale
    County
    Whatcom
    State
    Washington
    Longitude
    -122.613
    Latitude
    48.8955
    CBSA code
    13380
    CBSA name
    BELLINGHAM, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $36,714
    $1,102,080
    $4,940,275
    $6,042,355
    -
    $1,102,080
    $4,940,275
    $6,042,355

    Comparable in this City

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      487.04 Acres

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      HEAVY INDUSTRIAL • 40,960 SF
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      2,228 SF

      6407 Portal Way

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      1929 Baltic Way

      Distribution properties
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      Flex space • 2,228 SF
      1972 Baltic Way, Ferndale, WA 98248
      View Details

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    Similar Nearby for Lease

    • $1,350 /Mo
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      Centrally located warehouse space with I-5 visibility in Whatcom County.
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    • $0.60 SF/Yr
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      Industrial Space in Grandview Park

      Industrial space for rent in north Ferndale, Washington.
      6920 Salashan Pkwy, Ferndale, WA 98248
      View Details
    • $9 SF/Yr
      40,000 SF

      Grandview Warehouse: 40,000 SF Sublease

      40,000 SF Warehouse; Sublease Opportunity
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    • $20 SF/Yr
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      New Retail & Office Space

      New construction retail and office space in a growing area.
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      Corner office space in the heart of Ferndale.
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    Ferndale, WA 98248
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    Realmo Value Estimation

    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.

    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.

    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
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