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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Office Spaces
5160 Industrial Plc Ferndale, WA 98248-7819
Individually Owned
19-yr Hold
Free & Clear
Property ID
US90-1573028
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2006
Total area
3,508 SF
Zoning code
LI
APN
390233 443348 0003
UPID
US90-1573028
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
-
Bold Eye Media Advertising Agency Marketing & Advertising
-
Baker Septic Tank Pumping Plumbing Service
-
Land Development Engineering and Surveying Inc. General Contractor
-
NW Technology IT Consulting Firm (Bike/Boat/Book/etc) Store
-
MJH Engineering Structural Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
$805k
Comparable Approach
Comparable
$741k
Blend (final)
Blend
$585k
Owner & transaction history
Kyle Haggith · 19 yrs held
Kyle Haggith
since 2007
3 recorded transactions
Zoning & alternative use
LI · Ferndale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the light industrial zone is to accommodate industrial uses that have a relatively light impact on adjoining uses and that do not create noise, smoke, odors or other objectionable nuisances on the surrounding area
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
158.78 ac
Source
Realmo
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
$355,000
CAP Approach
CAP Return
Estimation
6%
$875,000
6.5%
$805,000
7%
$750,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$925,000
Change: -9% · Conversion: Easy
RETAIL STORES
$880,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$167 / 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
$3,104
Tax year 2021
Assessed value
$462,858
Assessed 2022
Previous assessed
$462,858
+0.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$71,366
Assessed improvement
$391,492
Land market value
$71,366
Improvement market value
$391,492
Total market value
$462,858
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
YES
Bathrooms
1
Total area
3,508 SF
Zoning code
LI
APN
390233 443348 0003
UPID
US90-1573028
Jurisdiction
WHATCOM
Zoning & alternative use
LI · Ferndale, WAZoning LI · permitted uses
LI · Ferndale, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the light industrial zone is to accommodate industrial uses that have a relatively light impact on adjoining uses and that do not create noise, smoke, odors or other objectionable nuisances on the surrounding area
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
158.78 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$925,000
RETAIL STORES
Est. value
$880,000
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
Bathrooms
1
Current owner
From public records · entity-resolved
Kyle Haggith
Individual
Free & Clear · 19 yrs held
Mailing address
5160 INDUSTRIAL PL STE #108, FERNDALE, WA 98248-7819
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2007
—
Kyle Haggith
Pip LLC
Warranty Deed
—
—
—
Kyle T Haggith
—
Deed Of Trust
related
$177,000 · Us Bk
—
—
Kyle T Haggith
—
Deed Of Trust
related
$50,000 · Us Bk
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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