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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1859 Main St Ferndale, WA 98248-9061

    • Strip malls
    • 18,987 SF
    • 1.96 lot acres
    OFF-MARKET
    Value Estimations
    $790,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1781629
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Strip malls

    Property Details for 1859 Main St

    Year built
    2009
    Lot size
    1.96 lot acres
    Property size
    18,987 SF
    Zone code
    MCD
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    390229 358381 0000
    APU
    3902293583810000

    Description

    Ferndale Station offers exceptional office space for lease in a thriving commercial center at 1859 Main St, Ferndale, WA 98248. This multi-tenant retail and office complex boasts three available units ranging from 899 to 1,514 square feet, perfect for businesses seeking a prominent location. The property enjoys high visibility and accessibility, situated conveniently between Walgreens and Haggen grocery store, ensuring significant foot traffic and exposure. The strategic location within Ferndale's bustling commercial corridor benefits from an average daily traffic count of 19,590 vehicles. This established complex offers a strong sense of community, with existing tenants including well-known businesses such as Woods Coffee, Dollar Tree, Wells Fargo Bank, Verizon, H&R Block, and Domino's Pizza. The property is classified as a traditional office space within Whatcom County, Washington, providing a professional and established environment for your business. The available spaces are ideal for a variety of businesses seeking a high-traffic location with excellent visibility and established neighboring businesses. Contact us today to learn more about leasing opportunities and secure your space in this vibrant commercial hub.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $675,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $909,000
      Market price range: $422k - $1.27M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $815,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ferndale
    County
    Whatcom
    State
    Washington
    Longitude
    -122.582
    Latitude
    48.8432
    CBSA code
    13380
    CBSA name
    BELLINGHAM, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $23,842
    $1,080,860
    $2,473,820
    $3,554,680
    -
    $1,080,860
    $2,473,820
    $3,554,680

    Comparable in this City

    • Value Estimation by Request
      7,065 SF

      1894 Main St

      SHOPPING CENTER, STRIP CENTER • 7,065 SF
      1894 Main St, Ferndale, WA 98248-9454
      View Details
    • Value Estimation
      $1,995,000
      24,440 SF

      5603 3rd Ave

      SHOPPING CENTER, STRIP CENTER • 24,440 SF
      5603 3rd Ave, Ferndale, WA 98248-8394
      View Details
    • Value Estimation by Request
      9,532 SF

      1855 Main St

      SHOPPING CENTER, STRIP CENTER • 9,532 SF
      1855 Main St, Ferndale, WA 98248-9062
      View Details
    • Value Estimation
      $555,000
      11,559 SF

      1863 Main St

      SHOPPING CENTER, STRIP CENTER • 11,559 SF
      1863 Main St, Ferndale, WA 98248-9059
      View Details
    • Value Estimation
      $780,000
      21,284 SF

      1887 Main St

      SHOPPING CENTER, STRIP CENTER • 21,284 SF
      1887 Main St, Ferndale, WA 98248-9426
      View Details
    • Value Estimation by Request
      1,644 SF

      1867 Main St

      SHOPPING CENTER, STRIP CENTER • 1,644 SF
      1867 Main St, Ferndale, WA 98248-9454
      View Details

    Similar Nearby for Sale

    • $699,000
      5,656 SF

      Visible Building in Central Whatcom

      Stand-alone building in shell condition, ready for its next phase.
      1990 Main St, Ferndale, WA 98248
      View Details
    • $3,600,000
      11,040 SF

      Ferndale Retail Property for Sale

      Retail property with 11,040 square feet of space.
      1720 Labounty Dr, Ferndale, WA 98248
      View Details
    • $996,644
      45,302 SF

      Ferndale Commercial Land - Lot A

      Prime Ferndale development opportunity, grocery-anchored.
      0 Labounty Dr, Ferndale, WA 98248
      View Details
    • $699,000

      Visible Mixed-Use Building in Ferndale

      Stand-alone building in shell condition with retail and warehouse space.
      1990 Main St, Ferndale, WA 98248
      View Details
    • $1,650,000
      5.16 Acres

      Ferndale Commercial Land - 5 Acres

      Prime Ferndale development site, permit-ready, 44-unit potential.
      2127 Main St, Ferndale, WA 98248
      View Details
    • $375,000

      20-Acre View Agricultural Land

      Agricultural land with views of Mount Baker and Twin Sisters.
      3050 Slater Rd, Ferndale, WA 98248
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      1,560 SF

      Retail and Office Complex

      Commercial retail and office space for lease in Ferndale.
      1887 Main St, Ferndale, WA 98248
      View Details
    • $24 SF/Yr
      7,500 SF

      Retail Center Near Interstate 5

      28,000 SF retail center near I-5 in Ferndale, WA.
      5905 Portal Way, Ferndale, WA 98248
      View Details
    • $23 SF/Yr
      1,000 SF

      Retail Space in Grocery Outlet

      Former salon in a busy shopping center, Ferndale, WA.
      1730-1750 Labounty Dr, Ferndale, WA 98248
      View Details
    • $20 SF/Yr
      7,158 SF

      New Retail & Office Space

      New construction retail and office space in a growing area.
      6252 Portal Way, Ferndale, WA 98248
      View Details
    • $24 SF/Yr
      28,000 SF

      Ferndale Crossings Medical Office Space

      Prime Ferndale Retail/Office Opportunity
      5905 Portal Way, Ferndale, WA 98248
      View Details
    • $16 SF/Yr
      5,850 SF

      High-Visibility Retail Space Available

      Retail spaces available along I-5 with ample parking.
      5100 Pacific Hwy, Ferndale, WA 98248
      View Details
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    1859 Main St
    Ferndale, WA 98248-9061
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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