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    Property profile & analytics
    OFF-MARKET Estimated value $810,000
    Investment properties

    2080 Alder St, Ferndale, WA 98248

    3,448 SF 0.16 ac lot Built 1977
    Entity Owned 8-yr Hold Free & Clear
    Property ID
    US90-1508009
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 2080 Alder Street in the heart of downtown Ferndale, Washington, presents a unique investment opportunity for both owner-users and investors. The well-maintained building offers a versatile layout, ideal for a variety of businesses. The main floor encompasses a spacious office area, thoughtfully divided into five private offices, a welcoming reception area, two convenient restrooms, and a fully equipped kitchen. This area is currently projected to generate $2,500 in monthly rental income. Adding to its appeal, the property includes a substantial second-floor apartment, boasting two bedrooms, two bathrooms, and a generous 1800 square feet of living space. This apartment is projected to command a monthly rental income of $2,000. The property is ready for immediate occupancy, eliminating the need for extensive renovations or upgrades. Its prime downtown location offers excellent visibility and accessibility, ensuring high traffic and potential for strong tenant occupancy. The combination of office space and a residential apartment provides a unique opportunity for diversified income streams and potential for future appreciation. This turnkey property is an exceptional investment opportunity in a thriving downtown area. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1977
    Total area 3,448 SF
    Lot 0.16 ac (6,970 SF)
    Zoning code CTC
    APN 390229 044515 0000
    UPID US90-1508009
    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
    • Baker Septic Tank Pumping Plumbing Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $675k
    Comparable Approach Comparable
    $895k
    Blend (final) Blend
    $810k
    Owner & transaction history
    Arc Resources LLC · 8 yrs held
    Arc Resources LLC
    since 2018
    5 recorded transactions
    2018
    2018
    $332,500
    2012
    2009
    1969
    Zoning & alternative use
    CTC · Ferndale, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $1.1M +17.8%
    Office building $1.0M +10.5%
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