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Property profile & analytics
FOR LEASE
Medical Office Space
1943 Main St, Ferndale, WA 98248
Individually Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-2855015
For Lease
$16 SF/Yr
1943 Main St, Ferndale, WA 98248
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2017
Total area
5,878 SF
Lot
0.41 ac (17,999 SF)
Zoning code
MCD
APN
390229 210424 0000
UPID
US90-2855015
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
-
Lori Silverstein Health Care Facility
-
Edward Jones - Financial Advisor: Anne M Bowen Financial Advisor
-
Natural Way Chiropractic of Ferndale Alternative Medicine Practice
-
Mrs. Caroline Hernandez Alternative Medicine Practice
-
Harman Combow Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$890k
Comparable Approach
Comparable
$824k
Blend (final)
Blend
$710k
Owner & transaction history
Marshall-inman,brad & Leanne · 21 yrs held
Marshall-inman,brad & Leanne
since 2005
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$965,000
6.5%
$890,000
7%
$825,000
Blend value · Realmo final
$710k
Range $639k – $781k · ±10%
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
$121 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$11,154
Tax year 2021
Assessed value
$1,663,057
Assessed 2022
Previous assessed
$1,663,057
+0.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$395,887
Assessed improvement
$1,267,170
Land market value
$395,887
Improvement market value
$1,267,170
Total market value
$1,663,057
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2017
Heating
NONE
Cooling
YES
Total area
5,878 SF
Lot
0.41 ac (17,999 SF)
Zoning code
MCD
APN
390229 210424 0000
UPID
US90-2855015
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
2017
Heating
NONE
Cooling
Yes
Lot
0.41 ac
Current owner
From public records · entity-resolved
Marshall-inman,brad & Leanne
Individual
Mailing address
2351 NORTHSHORE RD, BELLINGHAM, WA 98226-7851
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2018
—
E & R Management LLC
—
Deed
related
$1,040,000 · Us Bk
Mar 14, 2017
—
E & R Management LLC
—
Trustees Deed
related
$1,091,666 · Umpqua Bk
Feb 17, 2005
$375,000
Marshall-inman,brad & Leanne
Macdonald,raymond J & Rosalee
Warranty Deed
$375,000 · Raymond J & Rosalee Macdonald
—
—
E & R Management LLC
—
Deed Of Trust
related
$201,760 · Keybank USA
—
—
E & R Management LLC
—
Deed Of Trust
related
$252,200 · Keybank USA
—
—
E & R Management LLC
—
Deed Of Trust
related
$127,088 · Keybank USA
—
—
E & R Management LLC
—
Deed Of Trust
related
$212,000 · Community Dev Commission
—
—
E & R Management LLC
—
Deed Of Trust
related
$1,040,000 · Us Bk
—
—
E & R Management LLC
—
Deed Of Trust
related
$1,040,000 · Us Bk
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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