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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Office buildings
2417 Main St, Ferndale, WA 98248-8832
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1639008
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2010
Total area
5,985 SF
Lot
0.35 ac (15,246 SF)
Zoning code
RO
APN
390230 086562 0000
UPID
US90-1639008
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
-
Candela Technologies (Bike/Boat/Book/etc) Store Corporate Office
-
Whatcom Law Group, PS (Ferndale Branch) Law Firm
-
Main Street Salon & Spa Hair Salon Nail Salon
-
Silvaris Corporation - Ferndale Building Supply Industrial Manufacturer
-
Ray Gill, Rava Property Group Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.38M
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.31M
Owner & transaction history
Maru Investments LLC · 7 yrs held
Maru Investments LLC
since 2019
5 recorded transactions
Zoning & alternative use
RO · Ferndale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+16.9%
Medical building
$1.9M
+6.7%
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%
$1,490,000
6.5%
$1,375,000
7%
$1,275,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,740,000
Current use
RESTAURANT
$2,035,000
Change: +17% · Conversion: Moderate
MEDICAL BUILDING
$1,855,000
Change: +7% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,575,000
Change: -9% · Conversion: Easy
RETAIL STORES
$1,505,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±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
$219 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$9,365
Tax year 2024
Assessed value
$1,347,769
Assessed 2023
Previous assessed
$1,325,357
+1.7% YoY
Effective rate
0.69%
On assessed value
Assessed land
$228,690
Assessed improvement
$1,119,079
Land market value
$228,690
Improvement market value
$1,119,079
Total market value
$1,347,769
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 buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2010
Heating
HEAT PUMP
Cooling
YES
Total area
5,985 SF
Lot
0.35 ac (15,246 SF)
Zoning code
RO
APN
390230 086562 0000
UPID
US90-1639008
Jurisdiction
WHATCOM
Zoning & alternative use
RO · Ferndale, WA
Zoning RO · permitted uses
RO · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.7M
RESTAURANT
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Heating
HEAT PUMP
Cooling
Yes
Lot
0.35 ac
Current owner
From public records · entity-resolved
Maru Investments LLC
Entity
Mailing address
6116 211TH ST SW #203, LYNNWOOD, WA 98036-7526
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2019
$1,113,000
Maru Investments LLC
Summitview Associates LLC
Warranty Deed
—
Oct 11, 2010
—
Summitview Associates LLC
—
Deed Of Trust
related
$1,435,000 · Whatcom Educational Cu
Oct 5, 2009
—
Summitview Associates LLC
—
Grant Deed
related
$1,435,000 · Whatcom Educational Cu
Sep 3, 2009
—
Summitview Associates LLC
Lewis & York LLC
Quit Claim Deed
related
—
—
—
Summitview Associates LLC
—
Deed Of Trust
related
$1,363,000 · Whatcom Educational Cu
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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