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Property profile & analytics
OFF-MARKET
Medical Office Space
2372 Main St 1, Ferndale, WA 98248-9212
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0957010
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1995
Total area
2,290 SF
Lot
0.22 ac (9,635 SF)
Zoning code
RM1.5
APN
390219 142009 0001
UPID
US90-0957010
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
-
Ferndale Office Dental Office
-
Patricia Conn DDS Dental Office
-
Mark Kristie Dental Office
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
Conn Family Investments LLC · 4 yrs held
Conn Family Investments LLC
since 2021
3 recorded transactions
Zoning & alternative use
RM1.5 · 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 2024Property tax & assessments
Tax year 2024
Tax billed
$4,568
Tax year 2024
Assessed value
$657,391
Assessed 2023
Previous assessed
$537,081
+22.4% YoY
Effective rate
0.69%
On assessed value
Assessed land
$173,441
Assessed improvement
$483,950
Land market value
$173,441
Improvement market value
$483,950
Total market value
$657,391
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
1995
Heating
HEAT PUMP
Cooling
YES
Total area
2,290 SF
Lot
0.22 ac (9,635 SF)
Zoning code
RM1.5
APN
390219 142009 0001
UPID
US90-0957010
Jurisdiction
WHATCOM
Zoning & alternative use
RM1.5 · Ferndale, WA
Zoning RM1.5 · permitted uses
RM1.5 · 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
1995
Heating
HEAT PUMP
Cooling
Yes
Lot
0.22 ac
Current owner
From public records · entity-resolved
Conn Family Investments LLC
Entity
Free & Clear · 4 yrs held
Mailing address
5215 133RD PL NE, MARYSVILLE, WA 98271-7737
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2021
—
Conn Family Investments LLC
Kenneth G Conn
Intrafamily Transfer
related
—
Jan 13, 2004
—
Nelsen Properties LLC
Nelsen,michael C & Helen C
Quit Claim Deed
related
—
Jan 12, 2004
—
Nelsen Properties LLC
Nelson,michael C & Helen C
Quit Claim Deed
related
—
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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