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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Retail space
406 Main St Ferndale, CA 95536
Entity Owned
5-yr Hold
Free & Clear
Property ID
US09-3679279
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1893
Construction
WOOD
Total area
5,750 SF
Lot
0.12 ac (5,227 SF)
Zoning code
C-2-D
APN
031-091-010-000
UPID
US09-3679279
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
-
ABC Road Maintenance Auto Parts Store
-
The Boardroom Ferndale Restaurant
-
Camila Consultation, Inc Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$745k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$729k
Blend (final)
Blend
$650k
Owner & transaction history
Tall Trees Properties LLC · 5 yrs held
Tall Trees Properties LLC
since 2020
Last sale
$565,000
6 recorded transactions
Zoning & alternative use
C-2-D · Ferndale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+21.5%
Industrial (general)
$1.1M
+19.0%
Commercial (general)
$1.0M
+13.2%
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
$780,000
ML approach
$745,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$890,000
Current use
RESTAURANT
$1,080,000
Change: +22% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,060,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,010,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $565k (Dec 22 2020)
Last sale anchor
$565k
Dec 22 2020
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
$113 / 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
$8,805
Tax year 2024
Assessed value
$599,582
Assessed 2024
Previous assessed
$599,582
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$143,263
Assessed improvement
$456,319
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1893
Construction
WOOD
Heating
NONE
Stories
1
Total area
5,750 SF
Lot
0.12 ac (5,227 SF)
Zoning code
C-2-D
APN
031-091-010-000
UPID
US09-3679279
Jurisdiction
HUMBOLDT
Zoning & alternative use
C-2-D · Ferndale, CA
Zoning C-2-D · permitted uses
C-2-D · Ferndale, CA
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
RETAIL STORES Current
Est. value
$890,000
RESTAURANT
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES Current
RESTAURANT
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1893
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Tall Trees Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 1350, FERNDALE, CA 95536-1350
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2020
$565,000
Tall Trees Properties LLC
Ray LP
Grant Deed
—
Oct 2, 2015
$240,000
Ray & Elaine Chenoweth LP
Stemwedel D & P 2004 Trust
Grant Deed
—
Apr 20, 2005
—
Stemwedel D O & P S 2004 Trust
Stemwedel,dale & Polly
Quit Claim Deed
related
—
Aug 10, 2001
$101,000
Dale Stemwedel
Lentz Trust
Grant Deed
$100,000 · Ron & Philaine O Lajoice
Jun 8, 1995
—
Lentz Trust
Lentz,ulice
Quit Claim Deed
related
—
Aug 17, 1973
—
—
—
Grant 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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