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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Warehouses
2181 Buchanan Loop, Ferndale, WA 98248-9806
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1768651
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Total area
16,192 SF
Lot
2.31 ac (100,449 SF)
Zoning code
LII
APN
390206 443121 0000
UPID
US90-1768651
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
-
Partner Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.87M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.52M
Owner & transaction history
Jansen & Jansen LLC · 7 yrs held
Jansen & Jansen LLC
since 2018
7 recorded transactions
Zoning & alternative use
LII · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,025,000
6.5%
$1,870,000
7%
$1,735,000
Blend value · Realmo final
$1.52M
Range $1.37M – $1.67M · ±10%
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
$94 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$13,256
Tax year 2021
Assessed value
$1,686,114
Assessed 2022
Previous assessed
$1,686,114
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$462,029
Assessed improvement
$1,224,085
Land market value
$462,029
Improvement market value
$1,224,085
Total market value
$1,686,114
Applied tax rate
2,020.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Heating
SPACE
Cooling
YES
Total area
16,192 SF
Lot
2.31 ac (100,449 SF)
Zoning code
LII
APN
390206 443121 0000
UPID
US90-1768651
Jurisdiction
WHATCOM
Zoning & alternative use
LII · Ferndale, WA
Zoning LII · permitted uses
LII · 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
2005
Heating
SPACE
Cooling
Yes
Lot
2.31 ac
Current owner
From public records · entity-resolved
Jansen & Jansen LLC
Entity
Mailing address
1215 W HOLLY ST, BELLINGHAM, WA 98225-2928
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2022
—
Jensen & Jensen LLC
—
Deed
related
$850,000 · Homestreet Bank
Dec 27, 2018
—
Jansen & Jansen LLC
—
Deed
related
$700,000 · Umpqua Bk
Dec 11, 2018
—
Jansen & Jansen LLC
I-5 Industrial Center
Quit Claim Deed
related
—
Mar 28, 2017
—
Jansen & Jansen LLC
—
Deed
related
$938,000 · Umpqua Bk
Mar 22, 2017
—
I-5 Industrial Center
Jansen & Jansen PLLC
Quit Claim Deed
related
—
Nov 30, 2016
—
Jansen & Jansen LLC
—
Deed
related
$700,000 · Umpqua Bk
Sep 8, 2016
—
Jansen & Jansen LLC
—
Deed
related
$587,405 · Us Bk
—
—
Jansen & Jansen LLC
—
Loan Modification
related
$700,000 · Umpqua Bk
—
—
Jansen & Jansen LLC
—
Deed Of Trust
related
$587,405 · Us Bk
—
—
Jansen & Jansen LLC
—
Loan Modification
related
$938,000 · Umpqua Bk
—
—
Jansen & Jansen LLC
—
Deed Of Trust
related
$700,000 · Umpqua Bk
—
—
Jansen & Jansen LLC
—
Deed Of Trust
related
$850,000 · Us Bank Trust Co
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.
Try Rey
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