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Property profile & analytics
OFF-MARKET
Medical Office Space
2150 Main St, Ferndale, WA 98248-9208
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-0576105
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2014
Total area
3,379 SF
Lot
0.3 ac (13,068 SF)
Zoning code
CTC
APN
390219 494009 0000
UPID
US90-0576105
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
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
Aj Ents LLC · 12 yrs held
Aj Ents LLC
since 2014
7 recorded transactions
Zoning & alternative use
CTC · Ferndale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2021Property tax & assessments
Tax year 2021
Tax billed
$6,923
Tax year 2021
Assessed value
$1,032,186
Assessed 2022
Previous assessed
$1,032,186
+0.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$272,013
Assessed improvement
$760,173
Land market value
$272,013
Improvement market value
$760,173
Total market value
$1,032,186
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2014
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Bathrooms
1
Total area
3,379 SF
Lot
0.3 ac (13,068 SF)
Zoning code
CTC
APN
390219 494009 0000
UPID
US90-0576105
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.
Building & site characteristics
From public records
Year built
2014
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Aj Ents LLC
Entity
Mailing address
8288 FAWN CRES, BLAINE, WA 98230-9302
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2019
—
Aj Ents LLC
—
Deed
related
$682,500 · Coastal Cmnty Bk
Jun 12, 2017
—
Aj Ents LLC
—
Deed
related
$780,000 · Us Bk
Jun 27, 2014
—
Aj Ents LLC
Finston,alan R & Joni
Quit Claim Deed
related
$344,000 · Ameritrust Cdc
Jul 24, 2013
—
Alan R Finston
—
Trustees Deed
related
$329,552 · Whidbey Island Bank
Mar 19, 2010
$210,000
Alan R Finston
Tapley,mark P & Gina C
Warranty Deed
$170,500 · Whidbey Island Bank
Mar 2, 2010
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jul 8, 2009
$205,000
Mark P Tapley
Martinson,matthew & Effany
Warranty Deed
—
Aug 1, 2005
$192,280
Matthew L Martinson
Michael E Martin JR
Warranty Deed
$153,600 · Wells Fargo Bank NA
Apr 27, 2001
$139,607
Michael E Martin
Mccall,charles F & Jermaine
Grant Deed
$96,187 · Suntrust Mortgage INC
—
—
Aj Ents LLC
—
Deed Of Trust
related
$682,500 · Coastal Cmnty Bk
—
—
Michael E Martin
—
Deed Of Trust
related
$15,632 · Citifinancial INC
—
—
Aj Ents LLC
—
Deed Of Trust
related
$780,000 · Us Bk
—
—
Michael E Martin
—
Deed Of Trust
related
$99,550 · Amerigroup Mortgage Corp
—
—
Michael E Martin JR.
—
Deed Of Trust
related
$20,835 · Citifinancial INC
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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