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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Banks
1860 Main St Ferndale, WA 98248-9454
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0429390
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2008
Total area
1,476 SF
Lot
0.21 ac (9,148 SF)
Zoning code
MCD
APN
390229 346447 0000
UPID
US90-0429390
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
-
First Fed - Ferndale Branch Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$975k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$910k
Owner & transaction history
First Fedl S & L Assn Of Port Ange · 5 yrs held
First Fedl S & L Assn Of Port Ange
since 2020
Last sale
$785,000
5 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
Method
Estimation
Statistic approach
$1,090,000
ML approach
$975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10% · vs last sale $785k (Aug 12 2020)
Last sale anchor
$785k
Aug 12 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
$617 / 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
$5,877
Tax year 2024
Assessed value
$845,751
Assessed 2023
Previous assessed
$817,003
+3.5% YoY
Effective rate
0.69%
On assessed value
Assessed land
$308,074
Assessed improvement
$537,677
Land market value
$308,074
Improvement market value
$537,677
Total market value
$845,751
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2008
Heating
NONE
Cooling
YES
Total area
1,476 SF
Lot
0.21 ac (9,148 SF)
Zoning code
MCD
APN
390229 346447 0000
UPID
US90-0429390
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
Year built
2008
Heating
NONE
Cooling
Yes
Lot
0.21 ac
Current owner
From public records · entity-resolved
First Fedl S & L Assn Of Port Ange
Individual
Free & Clear · 5 yrs held
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2020
$785,000
First Fedl S & L Assn Of Port Ange
Gone Golfing LLC
Warranty Deed
—
Jul 5, 2017
$865,000
Gone Golfing LLC
Bank Of The Pacific
Warranty Deed
—
Dec 22, 2010
—
Bank Of Pacific
Bas At-1 INC
Warranty Deed
—
May 16, 2007
$870,400
Bas At-1
Mount,larry C & Leona M
Warranty Deed
—
Feb 24, 2004
$344,314
Larry C Mount
Syb Holding Co INC
Grant Deed
$320,000 · Horizon Bank
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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