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Property profile & analytics
OFF-MARKET
Industrial properties
1385 Smith Rd Ferndale, WA 98248-8930
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US90-2561209
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Lot
0.85 ac (37,026 SF)
Zoning code
LI
APN
390233 425513 0000
UPID
US90-2561209
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
-
TriVan Truck Body Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Alumavan LLP · 23 yrs held
Alumavan LLP
since 2002
3 recorded transactions
Zoning & alternative use
LI · Ferndale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the light industrial zone is to accommodate industrial uses that have a relatively light impact on adjoining uses and that do not create noise, smoke, odors or other objectionable nuisances on the surrounding area
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
158.78 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,262
Tax year 2021
Assessed value
$129,591
Assessed 2022
Previous assessed
$129,591
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$129,591
Land market value
$129,591
Total market value
$129,591
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
HEAVY INDUSTRIAL
Status
Off-Market
Heating
NONE
Lot
0.85 ac (37,026 SF)
Zoning code
LI
APN
390233 425513 0000
UPID
US90-2561209
Jurisdiction
WHATCOM
Zoning & alternative use
LI · Ferndale, WAZoning LI · permitted uses
LI · Ferndale, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the light industrial zone is to accommodate industrial uses that have a relatively light impact on adjoining uses and that do not create noise, smoke, odors or other objectionable nuisances on the surrounding area
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
158.78 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.85 ac
Current owner
From public records · entity-resolved
Alumavan LLP
Entity
Mailing address
1385 W SMITH RD, FERNDALE, WA 98248-8930
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2003
—
Alumavan LLP
—
Deed Of Trust
related
$1,400,000 · Hsbc Bank USA
Sep 16, 2002
$343,203
Alumavan LLP
Tuck,alan D & J N
Grant Deed
—
—
—
Alumavan LLP
—
Deed Of Trust
related
$1,750,000 · 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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