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Financial
Distress signals
Property profile

2038 Main St Ferndale, WA 98248

OFF-MARKET
Turn key restaurants
Property ID
US90-3341959
6,972 SF 0.08 ac lot Built 1914
Last sale Sep 2006 · $775,000
Individually Owned Owner of record is an individual. 20-yr Hold Held for 20 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This two-level restaurant and sports bar property at 2038 Main Street in Ferndale, WA (98248) is configured for on-site dining, beverage service, and live entertainment. The commercial-grade kitchen includes an approved hood system and professional preparation areas, and the property is equipped with commercial equipment and included items such as ice makers, food-preparation stations, and various furniture and fixtures. The building has been recently remodeled and provides bar service on both…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2021

What does the county charge?
$4k
Tax billed · 2021
Assessed value · 2022$666k
Assessed land$130k
Assessed improvement$536k
Effective rate0.67%

Value estimate

· Oct 2026
$320k
$288k – $352k
AI approach$320k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$340/SF
County average, outlier-cleaned · 46 recorded sales of this use type
Observed band · Q1–Q3$175 – $527
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CTC
JurisdictionWHATCOM

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply12.9
HVAC Service11.2
Clothing Store10.8

Location

2038 Main St Ferndale, WA 98248-9468
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2031 Main, Ferndale, WA 98248-9468 $2,487,500 Aug 2024 4,872 SF
1730 Labounty, Ferndale, WA 98248-8959 $7,365,000 Jul 2021 13,168 SF
5682 3rd, Ferndale, WA 98248 $782,650 Jul 2021 3,600 SF
1981 Main, Ferndale, WA 98248 $765,000 Feb 2020 8,000 SF
1469 Sunset, Ferndale, WA 98248-8914 $600,000 Jan 2020 3,240 SF
3310 Slater, Ferndale, WA 98248-9011 $375,000 Jan 2019 3,600 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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