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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Office Spaces
5160 Industrial Pla, Ferndale, WA 98248-7819
Entity Owned
6-yr Hold
Absentee Owner
Property ID
US90-0798163
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2006
Total area
3,456 SF
Zoning code
LI
APN
390233 443348 0001
UPID
US90-0798163
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$795k
Comparable Approach
Comparable
$888k
Blend (final)
Blend
$640k
Owner & transaction history
Cutsforth Holdings LLC · 6 yrs held
Cutsforth Holdings LLC
since 2020
7 recorded transactions
Zoning & alternative use
LI · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$860,000
6.5%
$795,000
7%
$735,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,005,000
Current use
COMMERCIAL (GENERAL)
$910,000
Change: -9% · Conversion: Easy
RETAIL STORES
$870,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$185 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$3,720
Tax year 2021
Assessed value
$554,676
Assessed 2022
Previous assessed
$554,676
+0.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$71,366
Assessed improvement
$483,310
Land market value
$71,366
Improvement market value
$483,310
Total market value
$554,676
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
2006
Heating
NONE
Cooling
AC.FAN COOLING
Total area
3,456 SF
Zoning code
LI
APN
390233 443348 0001
UPID
US90-0798163
Jurisdiction
WHATCOM
Zoning & alternative use
LI · Ferndale, WA
Zoning LI · permitted uses
LI · 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
$1.0M
COMMERCIAL (GENERAL)
Est. value
$910,000
RETAIL STORES
Est. value
$870,000
OFFICE BUILDING Current
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
2006
Heating
NONE
Cooling
Yes
Current owner
From public records · entity-resolved
Cutsforth Holdings LLC
Entity
Mailing address
113 CHERRY ST #49017, SEATTLE, WA 98104-2205
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2020
$550,000
Cutsforth Holdings LLC
Hol-con LLC
Warranty Deed
$357,000 · Peoples Bk
Oct 26, 2012
$390,000
Cutsforth Holdings LLC
Pacific Industrial Park Group
Warranty Deed
$310,000 · Northview Bank
Oct 20, 2010
$250,000
Pacific Indl Pk Group LLC
Springer Dev LLC
Grant Deed
$200,000 · Whatcom Educational Cu
Sep 30, 2010
$217,242
Springer Dev LLC
Willig Arnold M
Trustees Deed
—
Apr 12, 2007
—
Rick Tieman
Pip LLC
Warranty Deed
—
—
—
Cutsforth Holdings LLC
—
Deed Of Trust
related
$344,400 · Peoples Bk
—
—
Cutsforth Holdings LLC
—
Deed Of Trust
related
$54,000 · Northview Bk
—
—
Integrated Investments LLC
—
Deed Of Trust
related
$188,000 · Northwest Busn Dev Assn
—
—
Pacific Indl Pk Group LLC
—
Deed Of Trust
related
$100,000 · 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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