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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Bed & breakfasts
1371 Axton Rd Ferndale, WA 98248-9101
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-3315920
Property profile
Verified
Property type
Bed & breakfasts
Use group
BED & BREAKFAST
Year built
1900
Total area
2,918 SF
Lot
2.01 ac (87,556 SF)
Zoning code
RR1
APN
390228 472484 0000
UPID
US90-3315920
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
$760k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$730k
Owner & transaction history
Jonathan Ott · 4 yrs held
Jonathan Ott
since 2022
Last sale
$707,989
7 recorded transactions
Zoning & alternative use
RR1 · Ferndale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$745,000
+445.5%
Office building
$515,000
+276.4%
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
$735,000
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$745,000
Change: +445% · Conversion: Difficult
OFFICE BUILDING
$515,000
Change: +276% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±10% · vs last sale $708k (Jun 1 2022)
Last sale anchor
$708k
Jun 1 2022
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
$250 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$7,498
Tax year 2024
Assessed value
$1,058,423
Assessed 2023
Previous assessed
$892,075
+18.6% YoY
Effective rate
0.71%
On assessed value
Assessed land
$325,200
Assessed improvement
$733,223
Land market value
$325,200
Improvement market value
$733,223
Total market value
$1,058,423
Applied tax rate
2,020.0000
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
Bed & breakfasts
Use group
BED & BREAKFAST
Status
Off-Market
Year built
1900
Heating
FORCED AIR
Stories
2
Bathrooms
4
Total area
2,918 SF
Lot
2.01 ac (87,556 SF)
Zoning code
RR1
APN
390228 472484 0000
UPID
US90-3315920
Jurisdiction
WHATCOM
Zoning & alternative use
RR1 · Ferndale, WA
Zoning RR1 · permitted uses
RR1 · 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
COMMERCIAL (GENERAL)
Est. value
$745,000
OFFICE BUILDING
Est. value
$515,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1900
Heating
FORCED AIR
Stories
2
Bathrooms
4
Lot
2.01 ac
Current owner
From public records · entity-resolved
Jonathan Ott
Individual
Mailing address
6320 1ST DR SE, EVERETT, WA 98203-3448
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2022
$707,989
Jonathan Ott
Lorenzo Montes
Warranty Deed
—
Dec 2, 2021
—
Lorenzo Montes
—
Deed
related
$6,412 · Cj Services Corp
Feb 4, 2004
$355,000
Lorenzo Montes
Bosch,dick & Jennie
Grant Deed
$284,000 · Whidbey Island Bank
Jun 2, 2003
$310,163
Dick Bosch
Armitage,dave & Laura
Trustees Deed
—
—
—
Lorenzo Montes
—
Deed Of Trust
related
$151,000 · Citibank Fsb
—
—
Laura G Armitage
—
Deed Of Trust
related
$54,414 · Beneficial Washington INC
—
—
Lorenzo Montes
—
Deed Of Trust
related
$62,173 · Bank Of America
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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