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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Commercial real estate
2009 Main St Ferndale, WA 98248
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1174476
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1955
Total area
5,220 SF
Lot
0.12 ac (5,101 SF)
Zoning code
CTC
APN
390229 129489 0000
UPID
US90-1174476
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
-
Etta's Attic Antiques And Collectables Home Decor Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$700k
Owner & transaction history
Dave Braithwaite · 1 yrs held
Dave Braithwaite
since 2024
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
CTC · Ferndale, WA
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
$700,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (Dec 27 2024)
Last sale anchor
$700k
Dec 27 2024
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
$134 / 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
$4,041
Tax year 2024
Assessed value
$581,580
Assessed 2023
Previous assessed
$575,243
+1.1% YoY
Effective rate
0.69%
On assessed value
Assessed land
$239,700
Assessed improvement
$341,880
Land market value
$239,700
Improvement market value
$341,880
Total market value
$581,580
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1955
Heating
FORCED AIR
Cooling
YES
Total area
5,220 SF
Lot
0.12 ac (5,101 SF)
Zoning code
CTC
APN
390229 129489 0000
UPID
US90-1174476
Jurisdiction
WHATCOM
Zoning & alternative use
CTC · Ferndale, WAZoning CTC · permitted uses
CTC · Ferndale, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Ferndale Municipal Code
Building & site characteristics
From public records
Year built
1955
Heating
FORCED AIR
Cooling
Yes
Lot
0.12 ac
Current owner
From public records · entity-resolved
Dave Braithwaite
Individual
Mailing address
5143 YELLOW BRICK RD, BELLINGHAM, WA 98226-7429
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2024
$700,000
Dave Braithwaite
Rockwood Property Investment LLC
Warranty Deed
$300,000 · Rockwood Property Investment LLC
Sep 2, 2022
—
Jon W Rockwood
Jon Rockwood
Intrafamily Transfer
related
—
Mar 31, 2021
$590,000
Jon Rockwood
Trijan LLC
Warranty Deed
—
Feb 19, 2009
—
Trijan LLC
Larson,wendi J
Quit Claim Deed
related
—
May 6, 2008
—
Trijan LLC
Larson,wendi J
Quit Claim Deed
related
—
Apr 16, 2008
—
Wendi J Larson
Larson,wayne & Jana D
Quit Claim Deed
—
Jun 10, 1997
$233,070
Jana D Larson
Barr Trust
Grant Deed
—
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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