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Property profile & analytics
OFF-MARKET
Estimated value
$1,685,000
Industrial properties
5375 Labounty Dr, Ferndale, WA 98248-9438
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-3256698
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
2018
Total area
21,459 SF
Lot
0.98 ac (42,689 SF)
Zoning code
GB
APN
390228 117082 0000
UPID
US90-3256698
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
$2.04M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.69M
Owner & transaction history
Cougar Mountain Real Estate Co · 8 yrs held
Cougar Mountain Real Estate Co
since 2017
7 recorded transactions
Zoning & alternative use
GB · 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%
$2,210,000
6.5%
$2,040,000
7%
$1,895,000
Blend value · Realmo final
$1.69M
Range $1.52M – $1.85M · ±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
$79 / 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
$18,265
Tax year 2021
Assessed value
$1,875,512
Assessed 2022
Previous assessed
$1,875,512
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$245,134
Assessed improvement
$1,630,378
Land market value
$245,134
Improvement market value
$1,630,378
Total market value
$1,875,512
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
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
Off-Market
Year built
2018
Heating
NONE
Cooling
YES
Total area
21,459 SF
Lot
0.98 ac (42,689 SF)
Zoning code
GB
APN
390228 117082 0000
UPID
US90-3256698
Jurisdiction
WHATCOM
Zoning & alternative use
GB · Ferndale, WA
Zoning GB · permitted uses
GB · 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
2018
Heating
NONE
Cooling
Yes
Lot
0.98 ac
Current owner
From public records · entity-resolved
Cougar Mountain Real Estate Co
Entity
Free & Clear · 8 yrs held
Mailing address
726 CHERRY ST #100, SUMAS, WA 98295-9649
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2018
—
Cougar Mountain Real Estate Co
—
Grant Deed
related
$1,250,000 · Us Bk
Sep 19, 2017
$362,000
Cougar Mountain Real Estate Co
Furre,timothy
Warranty Deed
—
Mar 25, 2016
—
Timothy Furre
Furre,yue
Quit Claim Deed
related
—
Mar 25, 2016
$295,000
Timothy Furre
Meridian Holdings LLC
Warranty Deed
—
Jul 20, 2004
$700,000
Meridian Holdings LLC
5375 Corp
Warranty Deed
related
$531,773 · Peoples Bank & Trust
Oct 22, 1996
$600,000
5375 Corp
Reinke,duane & Laurice J
Grant Deed
—
—
—
5375 Corp
—
Deed Of Trust
related
$1,000,000 · Automotive & Reservoir Indust
—
—
5375 Corp
—
Deed Of Trust
related
$700,000 · 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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