2080 Alder St Ferndale, WA 98248
Property profile & analytics
2080 Alder St Ferndale, WA 98248
- Investment properties
- 3,448 SF
- 0.16 lot acres
Property ID
US90-1508009
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Baker Septic Tank Pumping / Plumbing Service
Property Details for 2080 Alder St
- Year built
- 1977
- Lot size
- 0.16 lot acres
- Property size
- 3,448 SF
- Zone code
- CTC
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 390229 044515 0000
- APU
- 3902290445150000
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $730,000
- 6.5%
- $675,000
- 7%
- $625,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $894,000
- AI Estimate
- $865,000
Market price range: $684k - $1.34MMarket price range: $733k - $959k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $910,000 Current use
- MEDICAL BUILDING
- $1,070,000 Change: +18% Conversion: Easy
- OFFICE BUILDING
- $1,005,000 Change: +10% Conversion: Easy
- RETAIL STORES
- $865,000 Change: -4% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ferndale
- County
- Whatcom
- State
- Washington
- Longitude
- -122.594
- Latitude
- 48.8471
- CBSA code
- 13380
- CBSA name
- BELLINGHAM, WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$3,173
$113,993
$359,070
$473,063
-
$113,993
$359,070
$473,063
