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Property profile & analytics
OFF-MARKET
Office buildings
2013 Main St, Ferndale, WA 98248-9468
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-3326598
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1929
Total area
1,750 SF
Lot
0.07 ac (3,123 SF)
Zoning code
CTC
APN
390229 122487 0000
UPID
US90-3326598
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
-
Ferndale Community Art Center and Cafe Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
David Redwood Stephens · 4 yrs held
David Redwood Stephens
since 2021
Last sale
$460,000
7 recorded transactions
Zoning & alternative use
CTC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,107
Tax year 2024
Assessed value
$447,106
Assessed 2023
Previous assessed
$404,158
+10.6% YoY
Effective rate
0.69%
On assessed value
Assessed land
$171,875
Assessed improvement
$275,231
Land market value
$171,875
Improvement market value
$275,231
Total market value
$447,106
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1929
Heating
FORCED AIR
Cooling
YES
Total area
1,750 SF
Lot
0.07 ac (3,123 SF)
Zoning code
CTC
APN
390229 122487 0000
UPID
US90-3326598
Jurisdiction
WHATCOM
Zoning & alternative use
CTC · Ferndale, WA
Zoning CTC · permitted uses
CTC · 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
1929
Heating
FORCED AIR
Cooling
Yes
Lot
0.07 ac
Current owner
From public records · entity-resolved
David Redwood Stephens
Individual
Mailing address
PO BOX 5652, BELLINGHAM, WA 98227-5652
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
$460,000
David Redwood Stephens
Christopher D Crawford
Warranty Deed
—
Aug 17, 2018
—
Christopher D Crawford
—
Deed
related
$201,500 · Whatcom Educational Cu
Jun 13, 2017
$300,000
Christopher D Crawford
Murphy,seth & Jennifer E
Warranty Deed
$240,000 · Seth & Jennifer E Murphy
Feb 15, 2006
$260,000
Seth Murphy
Hall,robert K
Warranty Deed
$195,000 · Frontier Bank
Apr 11, 2003
$250,000
Robert K Hall
Landcastle,gerald & Sharon
Grant Deed
$76,532 · Horizon Bank
—
—
Gerald Landcastle
—
Deed Of Trust
related
$100,000 · Horizon Bank
—
—
Christopher D Crawford
—
Deed Of Trust
related
$201,500 · Whatcom Educational Cu
—
—
Seth Murphy
—
Deed Of Trust
related
$27,500 · Frontier 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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