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Property profile & analytics
OFF-MARKET
Office Spaces
2376 Main St 2A2, Ferndale, WA 98248-8605
Entity Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0071660
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1995
Total area
1,251 SF
Lot
0.12 ac (5,279 SF)
Zoning code
RM1.5
APN
390219 142009 0004
UPID
US90-0071660
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 · 20 yrs held
Angela S London Nd LLC
since 2006
4 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
$1,507
Tax year 2021
Assessed value
$271,242
Assessed 2022
Previous assessed
$271,242
+0.0% YoY
Effective rate
0.56%
On assessed value
Assessed land
$70,644
Assessed improvement
$200,598
Land market value
$70,644
Improvement market value
$200,598
Total market value
$271,242
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
1,251 SF
Lot
0.12 ac (5,279 SF)
Zoning code
RM1.5
APN
390219 142009 0004
UPID
US90-0071660
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
0.12 ac
Current owner
From public records · entity-resolved
Angela S London Nd LLC
Entity
Free & Clear · 20 yrs held
Mailing address
24310 59TH AVE SW, VASHON, WA 98070-8012
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2006
—
Angela S London Nd LLC
London,angela S
Quit Claim Deed
related
—
Jun 16, 2006
$175,000
Angela S London
Tabert,joachim & Kathryn
Warranty Deed
$131,250 · Banner Bank
Dec 20, 2004
$100,000
Joachim Tabert
Bouma,keith A & Ellen M
Warranty Deed
—
Jun 16, 1999
$130,000
Keith A Bouma
Shannon Joint Venture
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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