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Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Warehouses
1349 Pacific Pl, Ferndale, WA 98248-8985
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1215983
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Total area
12,000 SF
Lot
1.33 ac (57,761 SF)
Zoning code
LI
APN
390233 472281 0000
UPID
US90-1215983
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
$1.76M
CAP Approach
CAP
$1.39M
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.48M
Owner & transaction history
The Barron Group LLC · 5 yrs held
The Barron Group LLC
since 2021
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
LI · Ferndale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+7.6%
Industrial (general)
$2.1M
+5.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ferndale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ferndale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,855,000
ML approach
$1,760,000
CAP Approach
CAP Return
Estimation
6%
$1,500,000
6.5%
$1,385,000
7%
$1,285,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,950,000
Current use
AUTO REPAIR, GARAGE
$2,100,000
Change: +8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,050,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±10% · vs last sale $1.50M (May 19 2021)
Last sale anchor
$1.50M
May 19 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$123 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$5,917
Tax year 2021
Assessed value
$877,696
Assessed 2022
Previous assessed
$877,696
+0.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$265,699
Assessed improvement
$611,997
Land market value
$265,699
Improvement market value
$611,997
Total market value
$877,696
Applied tax rate
200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Heating
SPACE
Cooling
YES
Total area
12,000 SF
Lot
1.33 ac (57,761 SF)
Zoning code
LI
APN
390233 472281 0000
UPID
US90-1215983
Jurisdiction
WHATCOM
Zoning & alternative use
LI · Ferndale, WA
Zoning LI · permitted uses
LI · Ferndale, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ferndale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Heating
SPACE
Cooling
Yes
Lot
1.33 ac
Current owner
From public records · entity-resolved
The Barron Group LLC
Entity
Mailing address
955 COLONY CT, BELLINGHAM, WA 98229-6839
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2021
$1,500,000
The Barron Group LLC
Leopard Bow LLC
Warranty Deed
$1,050,000 · Peoples Bank
Apr 27, 2001
$581,699
Leopard Bow LLC
Trillium Corp
Grant Deed
—
Apr 4, 2001
—
Trillium Corp
—
Deed Of Trust
related
$1,000,000 · Timothy C & Bonnie K
—
—
Trillium Corp
—
Deed Of Trust
related
$153,307 · Horizon Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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