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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Investment properties
2046 Main St, Ferndale, WA 98248-9468
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0029646
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1930
Total area
2,016 SF
Lot
0.06 ac (2,627 SF)
Zoning code
CTC
APN
390229 094524 0000
UPID
US90-0029646
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
-
Alebrijes Mexican Store Food Market Grocery & Convenience Store
-
Tonewoods Coalition Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
$395k
Comparable Approach
Comparable
$561k
Blend (final)
Blend
$540k
Owner & transaction history
Deligeres Ferndale LLC · 5 yrs held
Deligeres Ferndale LLC
since 2021
Last sale
$480,000
3 recorded transactions
Zoning & alternative use
CTC · Ferndale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$625,000
+17.8%
Office building
$585,000
+10.5%
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
$595,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
$425,000
6.5%
$395,000
7%
$365,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$530,000
Current use
MEDICAL BUILDING
$625,000
Change: +18% · Conversion: Easy
OFFICE BUILDING
$585,000
Change: +10% · Conversion: Easy
RETAIL STORES
$505,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $480k (May 28 2021)
Last sale anchor
$480k
May 28 2021
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
$268 / 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
$3,330
Tax year 2024
Assessed value
$479,214
Assessed 2023
Previous assessed
$466,783
+2.7% YoY
Effective rate
0.69%
On assessed value
Assessed land
$170,625
Assessed improvement
$308,589
Land market value
$170,625
Improvement market value
$308,589
Total market value
$479,214
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1930
Heating
HOT WATER
Cooling
YES
Total area
2,016 SF
Lot
0.06 ac (2,627 SF)
Zoning code
CTC
APN
390229 094524 0000
UPID
US90-0029646
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$530,000
MEDICAL BUILDING
Est. value
$625,000
OFFICE BUILDING
Est. value
$585,000
RETAIL STORES
Est. value
$505,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1930
Heating
HOT WATER
Cooling
Yes
Lot
0.06 ac
Current owner
From public records · entity-resolved
Deligeres Ferndale LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1159 20TH AVE E, SEATTLE, WA 98112-3508
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2021
$480,000
Deligeres Ferndale LLC
Christopher D Crawford
Warranty Deed
—
May 19, 2017
$310,000
Christopher D Crawford
Pullman,james D & Ella M
Warranty Deed
$210,000 · Washington Fed'l Svgs
Dec 31, 2003
$290,850
James D Pullman
Smith,donald E & Verlee V
Grant Deed
$235,000 · Donald E & Verlee V Smith
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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