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Property profile & analytics
OFF-MARKET
Estimated value
$2,125,000
Industrial properties
1375 Stonegate Way, Ferndale, WA 98248-7824
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-2775081
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2016
Total area
20,088 SF
Lot
1 ac (43,560 SF)
Zoning code
M
APN
390233 420083 0000
UPID
US90-2775081
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
Current use
Occupant on record · Public records
-
UCanTrade, Inc. Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.51M
CAP Approach
CAP
$1.91M
Comparable Approach
Comparable
$2.78M
Blend (final)
Blend
$2.13M
Owner & transaction history
Mtac LLC · 5 yrs held
Mtac LLC
since 2020
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
M · Ferndale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.5M
+2.4%
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
$2,640,000
ML approach
$2,505,000
CAP Approach
CAP Return
Estimation
6%
$2,070,000
6.5%
$1,910,000
7%
$1,770,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,430,000
Current use
AUTO REPAIR, GARAGE
$3,510,000
Change: +2% · Conversion: Easy
WAREHOUSE, STORAGE
$3,265,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$2.13M
Range $1.91M – $2.34M · ±10% · vs last sale $1.90M (Oct 7 2020)
Last sale anchor
$1.90M
Oct 7 2020
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
$106 / 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
$13,067
Tax year 2024
Assessed value
$1,880,514
Assessed 2023
Previous assessed
$1,340,767
+40.3% YoY
Effective rate
0.69%
On assessed value
Assessed land
$348,480
Assessed improvement
$1,532,034
Land market value
$348,480
Improvement market value
$1,532,034
Total market value
$1,880,514
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2016
Heating
NONE
Cooling
YES
Total area
20,088 SF
Lot
1 ac (43,560 SF)
Zoning code
M
APN
390233 420083 0000
UPID
US90-2775081
Jurisdiction
WHATCOM
Zoning & alternative use
M · Ferndale, WA
Zoning M · permitted uses
M · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.5M
WAREHOUSE, STORAGE
Est. value
$3.3M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2016
Heating
NONE
Cooling
Yes
Lot
1 ac
Current owner
From public records · entity-resolved
Mtac LLC
Entity
Mailing address
2176 DELLESTA DR, BELLINGHAM, WA 98226-7850
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2025
—
Mtac LLC
—
Deed
related
$2,025,000 · Peoples Bank
Oct 7, 2020
$1,900,000
Mtac LLC
Exodus Holdings LLC
Warranty Deed
$1,330,000 · Peoples Bank
Sep 26, 2019
—
Exodus Holdings LLC
—
Deed
related
$1,000,000 · Peoples Bk
Apr 8, 2019
—
Exodus Holdings LLC
Mulder S E Testamentary
Quit Claim Deed
related
—
Mar 29, 2019
—
Testamentary Samuel E M Trust
Copac Properties LLC
Quit Claim Deed
related
—
Mar 9, 2015
$256,500
Copac Properties LLC
Bayfield Of Frontier Commons LLC
Warranty Deed
—
—
—
At Frontier Commons L Bayfield
—
Deed Of Trust
related
$1,493,331 · Peoples Bank & Trust
—
—
Exodus Holdings LLC
—
Deed Of Trust
related
$1,000,000 · Peoples Bk
—
—
At Frontier Commons L Bayfield
—
Deed Of Trust
related
$341,647 · Peoples Bank & Trust
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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