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Property profile & analytics
OFF-MARKET
Commercial land
1505 Main St, Ferndale, WA 98248-9437
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0356961
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
11.95 ac (520,542 SF)
Zoning code
MCD
APN
390228 225421 0000
UPID
US90-0356961
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ferndale 65 LLC · 1 yrs held
Ferndale 65 LLC
since 2025
7 recorded transactions
Zoning & alternative use
MCD · Ferndale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$5,830
Tax year 2021
Assessed value
$598,623
Assessed 2022
Previous assessed
$598,623
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$598,623
Land market value
$598,623
Total market value
$598,623
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
11.95 ac (520,542 SF)
Zoning code
MCD
APN
390228 225421 0000
UPID
US90-0356961
Jurisdiction
WHATCOM
Zoning & alternative use
MCD · Ferndale, WA
Zoning MCD · permitted uses
MCD · 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.
Building & site characteristics
From public records
Heating
NONE
Lot
11.95 ac
Current owner
From public records · entity-resolved
Ferndale 65 LLC
Entity
Mailing address
PO BOX 206, LYNDEN, WA 98264-0206
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2025
$1,700,000
Ferndale 65 LLC
Martin P Ruiter
Warranty Deed
$2,000,000 · Kj Capital Group LLC
Jan 6, 2014
$742,062
Martin P Ruiter
Hayes Craig P
Trustees Deed
related
—
Apr 12, 2007
—
Ronald D Bennett
Ron & Marilyn Bennett LLC
Quit Claim Deed
related
—
Aug 24, 2006
—
Ron & Marilyn Bennett LLC
Bennett,ronald D & Marilyn J
Quit Claim Deed
related
—
Aug 9, 2002
$814,379
Ron Bennett
Ruiter,martin Op & Lyndia
Grant Deed
$560,000 · Martin Op & Lyndia Ruiter
Feb 5, 2001
—
Sherwood Equities LLC
Archer Fs INC
Quit Claim Deed
related
—
Sep 25, 2000
$835,000
Archer Financial Services INC
Ruiter,martin P & M L
Grant Deed
related
$626,250 · Seller
—
—
Martin P Ruiter
—
Deed Of Trust
related
$275,000 · Western Fsb
—
—
Martin P Ruiter
—
Deed Of Trust
related
$100,000 · Western Fsb
—
—
Martin P Ruiter
—
Deed Of Trust
related
$115,000 · Western Fsb
—
—
Sherwood Equities LLC
—
Loan Modification
related
$350,700 · Martin P & M Lydia Ruiter
—
—
Martin P Ruiter
—
Deed Of Trust
related
$500,000 · Western Fsb
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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