Property profile

2070 Grandview Rd Ferndale, WA 98248

FOR SALE
Vacant Commercial
Property ID
US90-0062956
12.97 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The property is a commercial land parcel of approximately 12+ acres located within Ferndale city limits, including a small sliver on the south side of Grandview Rd. The site has immediate access to I-5 and SR 548 and is zoned for Regional Retail, with potential for rezoning to General Business consistent with past rezonings of other Regional Retail properties. Potential uses suggested for the site include retail development (such as department stores), fuel-oriented uses (such as gas stations), and convention-center type facilities, subject to applicable approvals. Utilities include water service availability and access to electricity. The property is not located within a mapped flood zone and is currently used for haying by a local farmer. The parcel includes information from a 2019 appraisal (available for reference).

Property profile

Verified
Property type Vacant Commercial
Lot 12.97 ac (564,973 SF)
APN 390205 023075 0000
UPID US90-0062956

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2070 Grandview Rd Ferndale, WA 98248
Ferndale metro
Google Maps

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

since 2019
Last sale
$950,000
2 recorded transactions
2019
Price N/A
2019
$42,360
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message