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Property profile & analytics
OFF-MARKET
Estimated value
$1,900,000
Automotive properties
2010 Grandview Rd Ferndale, WA 98248-8015
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0464862
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2008
Total area
8,000 SF
Lot
9.7 ac (422,663 SF)
Zoning code
GB
APN
390205 111044 0000
UPID
US90-0464862
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
-
Nitro Autolab Auto Repair Shop
-
Mikol Garage Auto Repair Shop Vehicle Inspection Center
-
Upper Left Coast Wraps Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$1.90M
Owner & transaction history
Michael F Hughes · 2 yrs held
Michael F Hughes
since 2024
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
GB · Ferndale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+94.5%
Medical building
$2.5M
+77.4%
Office building
$2.3M
+66.4%
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
$1,900,000
ML approach
$1,900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,400,000
Current use
RESTAURANT
$2,720,000
Change: +94% · Conversion: Difficult
MEDICAL BUILDING
$2,480,000
Change: +77% · Conversion: Difficult
OFFICE BUILDING
$2,325,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,105,000
Change: +51% · Conversion: Moderate
RETAIL STORES
$2,010,000
Change: +44% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,365,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$1,300,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.90M
Range $1.71M – $2.09M · ±10% · vs last sale $1.90M (Jun 6 2024)
Last sale anchor
$1.90M
Jun 6 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
$238 / 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
$11,065
Tax year 2024
Assessed value
$1,592,422
Assessed 2023
Previous assessed
$1,243,925
+28.0% YoY
Effective rate
0.69%
On assessed value
Assessed land
$587,897
Assessed improvement
$1,004,525
Land market value
$587,897
Improvement market value
$1,004,525
Total market value
$1,592,422
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2008
Heating
YES
Cooling
YES
Buildings
3
Total area
8,000 SF
Lot
9.7 ac (422,663 SF)
Zoning code
GB
APN
390205 111044 0000
UPID
US90-0464862
Jurisdiction
WHATCOM
Zoning & alternative use
GB · Ferndale, WA
Zoning GB · permitted uses
GB · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.4M
RESTAURANT
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.3M
AUTO REPAIR, GARAGE Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Heating
YES
Cooling
Yes
Buildings
3
Lot
9.7 ac
Current owner
From public records · entity-resolved
Michael F Hughes
Individual
Mailing address
9555 RED MTN LN, MAPLE FALLS, WA 98266-8110
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2024
$1,900,000
Michael F Hughes
Whisper Lake Developments INC
Warranty Deed
$1,325,000 · Us Bank NA
Jun 6, 2024
—
Michael F Hughes
Angela Hughes
Intrafamily Transfer
related
—
May 10, 2024
—
Whisper Lake Developments INC
—
Deed
related
$150,000 · Michael F Hughes
May 26, 2023
—
Whisper Lake Developments INC
—
Deed
related
—
Jul 11, 2022
—
Whisper Lake Developments INC
—
Deed
related
$2,800,000 · Christopher Lilly
Apr 27, 2018
$846,400
Whisper Lake Developments INC
Excelsior Mtg Equity Fund II
Warranty Deed
$535,000 · James A JR & Terri E Cook
Aug 25, 2017
$1,303,034
Excelsior Mtg Equity Fund II
Vpn Te Svcs Washingtoni|paccan Industries LLC
Trustees Deed
related
—
Jun 5, 2017
—
Maderia Park LLC
Sheriff Of Whatcom County|polevoy,alexander
Trustees Deed
related
—
Mar 29, 2016
$1,100,978
Maderia Park LLC
Paccan Real Estate Holdings Co
Warranty Deed
—
Jun 5, 2015
$1,200,000
Paccan Industries LLC
Excelsior Mortgage Equity Fund II L
Warranty Deed
$1,080,000 · Exelsior Mortgage Equity Fund II Ll
Jul 29, 2010
$1,515,738
Excelsior Mtg Equity Fund II
Gibbons,timothy D
Deed In Lieu Of Foreclosure
related
—
May 15, 2008
—
Timothy D Gibbons
Wong-gibbons,annie P
Quit Claim Deed
$1,323,000 · Excelsior Management Group
Apr 6, 2006
—
Timothy D Gibbons
Wong,robin P
Quit Claim Deed
related
—
Jul 7, 2005
$200,000
Record Owner
Owner,record
Warranty Deed
—
Aug 27, 1998
$150,000
Robin B Wong
Dkt Corp
Grant Deed
$50,000 · Seller
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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