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Property profile & analytics
FOR LEASE
Strip malls

1887 Main St Ferndale, WA 98248

21,284 SF 1.51 ac lot Built 2018
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US90-1844416
Property summary
AI-generated overview

This exceptional commercial property at 1887 Main Street in Ferndale, Whatcom County, offers a rare opportunity to establish your business in a thriving location. The 4,628 square foot building is currently fully vacant and available for lease as a whole or in divisible units ranging from 1,534 to 3,094 contiguous square feet. The property boasts a highly desirable location, situated between Walgreens and Haggen grocery store, and adjacent to Ferndale Station, ensuring high visibility and foot traffic. This prime commercial corridor is already home to a diverse mix of established businesses including Capstone Physical Therapy, Westside Pizza, Thrivent Financial, and Mt. Baker Vision, creating a synergistic and vibrant business environment. The building offers ample on-site parking for both employees and customers, providing convenient access and a positive experience. Its strategic location provides easy access to Interstate 5, enhancing accessibility for clients and employees from a wider geographical area. The property's versatile layout is ideal for a variety of retail and office uses, making it an attractive option for businesses seeking a prominent and well-connected location in Ferndale. Don't miss this chance to secure your space in this bustling commercial center.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2018
Total area 21,284 SF
Lot 1.51 ac (65,863 SF)
Zoning code MCD
APN 390229 330393 0000
UPID US90-1844416
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
  • Mt Baker Vision Clinic - Ferndale Physician
  • C B Premier Construction LLC Construction Company
  • Korinda Bullard - Thrivent Financial Advisor
  • Isaiah Assink - Canopy Mortgage, LLC Loan Service Bank
  • Isabelle Honey - Canopy Mortgage LLC Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$800k
CAP Approach CAP
by Request
Comparable Approach Comparable
$761k
Blend (final) Blend
$780k
Owner & transaction history
Penco Ferndale LLC · 11 yrs held
Penco Ferndale LLC
since 2015
2 recorded transactions
2018
Price N/A
2015
$350,000
Zoning & alternative use
MCD · Ferndale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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