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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Hotels
5370 Barrett Rd Ferndale, WA 98248-8808
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-2897711
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1996
Total area
29,867 SF
Lot
1.53 ac (66,647 SF)
Zoning code
CB
APN
390228 186122 0000
UPID
US90-2897711
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
-
Orca Inn Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$670k
Blend (final)
Blend
$680k
Owner & transaction history
Jean-luc Cornet · 12 yrs held
Jean-luc Cornet
since 2014
7 recorded transactions
Zoning & alternative use
CB · 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
$695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$23 / 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
$16,934
Tax year 2021
Assessed value
$1,738,901
Assessed 2022
Previous assessed
$1,738,901
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$283,326
Assessed improvement
$1,455,575
Land market value
$283,326
Improvement market value
$1,455,575
Total market value
$1,738,901
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1996
Heating
HOT WATER
Total area
29,867 SF
Lot
1.53 ac (66,647 SF)
Zoning code
CB
APN
390228 186122 0000
UPID
US90-2897711
Jurisdiction
WHATCOM
Zoning & alternative use
CB · Ferndale, WA
Zoning CB · permitted uses
CB · 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
1996
Heating
HOT WATER
Lot
1.53 ac
Current owner
From public records · entity-resolved
Jean-luc Cornet
Individual
Mailing address
1836 NORTHSHORE DR, BELLINGHAM, WA 98226-7817
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2014
$3,141,500
Jean-luc Cornet
Charlotte Lenders LLC
Grant Deed
$300,000 · Charlotte Lenders LLC
Sep 10, 2013
$2,200,000
Charlotte Lenders LLC
Ordal Trustee Services INC
Trustees Deed
related
—
Nov 26, 2008
$4,100,000
Charlotte Dev LLC
Maynard,james E
Grant Deed
$4,000,000 · Olympic Coast Investment INC
Oct 17, 2008
—
Smelser Living Trust
Smelser,thomas W
Quit Claim Deed
—
Oct 16, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jul 29, 2008
—
Dolores M Pfenning
Pfenning,robert A
Quit Claim Deed
—
Jun 13, 2008
—
Robert W Hoss
Hoss,robert W
Quit Claim Deed
—
May 16, 2008
—
Michael R Mchugh
Mchugh,michael R & Nace F
Quit Claim Deed
—
Feb 7, 1997
$139,000
Gemini Two INC
Voyagers Landing Motel Corp
Grant Deed
$50,000 · Seller
Nov 21, 1996
$69,500
T Tyler Family LP
Voyagers Landing Motel Corp
Grant Deed
—
Nov 6, 1996
$69,500
Ghafari-zadeh,forough
Voyagers Landing Motel Corp
Trustees Deed
$50,000 · Seller
Oct 22, 1996
$139,000
Reiman Enterprises Ltd
Voyagers Landing Motel Corp
Trustees Deed
$35,500 · Seller
Oct 22, 1996
$208,500
Bervan INC
Voyagers Landing Motel Corp
Trustees Deed
$34,000 · Seller
—
—
Charlotte Lenders LLC
—
Deed Of Trust
related
$200,000 · Wayne L Spohn
—
—
Voyager Landing Motel Corp
—
Deed Of Trust
related
$42,500 · Individual
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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