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Property profile & analytics
OFF-MARKET
Office Spaces
2376 Main St 2A1, Ferndale, WA 98248-8605
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-0052184
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1995
Total area
1,639 SF
Lot
0.16 ac (6,913 SF)
Zoning code
RM1.5
APN
390219 142009 0002
UPID
US90-0052184
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
-
London Health Center, Inc Medical Clinic
-
Ferndale Chiropractic - Pierre Constantin Alternative Medicine Practice
-
Whatcom Lotus Yoga Gym & Fitness Center
-
Khore D. Phoenix, BS Alternative Medicine Practice Spa & Massage Center
-
Therese Kelliher, LMP Alternative Medicine Practice Spa & Massage Center
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
Angela S London Nd LLC · 13 yrs held
Angela S London Nd LLC
since 2012
7 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 2021Property tax & assessments
Tax year 2021
Tax billed
$1,757
Tax year 2021
Assessed value
$317,027
Assessed 2022
Previous assessed
$317,027
+0.0% YoY
Effective rate
0.55%
On assessed value
Assessed land
$92,495
Assessed improvement
$224,532
Land market value
$92,495
Improvement market value
$224,532
Total market value
$317,027
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1995
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Total area
1,639 SF
Lot
0.16 ac (6,913 SF)
Zoning code
RM1.5
APN
390219 142009 0002
UPID
US90-0052184
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
0.16 ac
Current owner
From public records · entity-resolved
Angela S London Nd LLC
Entity
Mailing address
24310 59TH AVE SW, VASHON, WA 98070-8012
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2012
$175,280
Angela S London Nd LLC
Clyde A Watkins
Warranty Deed
$131,000 · Boeing Employees Cu
Nov 17, 2004
$168,900
Clyde A Watkins
Shannon
Warranty Deed
—
Jun 17, 2004
—
Marc R Walker
Walker,sheryl R
Quit Claim Deed
related
—
—
—
Clyde A Watkins
—
Deed Of Trust
related
$70,000 · Us Bank NA
—
—
Shannon Joint Venture
—
Deed Of Trust
related
$35,000 · Pacific Northwest Bank
—
—
Mr Walker Corp
—
Deed Of Trust
related
$45,000 · Stewart Title Guaranty Co
—
—
Shannon Joint Venture
—
Deed Of Trust
related
$50,000 · Key Bank NA
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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