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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Warehouses
5421 Creighton Rd Ferndale, WA 98248
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1781640
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Total area
5,616 SF
Lot
2.75 ac (119,790 SF)
Zoning code
M
APN
390233 111462 0000
UPID
US90-1781640
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
$650k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$620k
Owner & transaction history
Jec LLC · 16 yrs held
Jec LLC
since 2009
6 recorded transactions
Zoning & alternative use
M · Ferndale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$980,000
+7.6%
Industrial (general)
$960,000
+5.0%
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%
$700,000
6.5%
$650,000
7%
$600,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$910,000
Current use
AUTO REPAIR, GARAGE
$980,000
Change: +8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$960,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$110 / 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
$5,406
Tax year 2021
Assessed value
$708,338
Assessed 2022
Previous assessed
$708,338
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$354,241
Assessed improvement
$354,097
Land market value
$354,241
Improvement market value
$354,097
Total market value
$708,338
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Heating
SPACE
Cooling
YES
Total area
5,616 SF
Lot
2.75 ac (119,790 SF)
Zoning code
M
APN
390233 111462 0000
UPID
US90-1781640
Jurisdiction
WHATCOM
Zoning & alternative use
M · Ferndale, WA
Zoning M · permitted uses
M · 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
WAREHOUSE, STORAGE Current
Est. value
$910,000
AUTO REPAIR, GARAGE
Est. value
$980,000
INDUSTRIAL (GENERAL)
Est. value
$960,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
INDUSTRIAL (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
1980
Heating
SPACE
Cooling
Yes
Lot
2.75 ac
Current owner
From public records · entity-resolved
Jec LLC
Entity
Mailing address
4945 GUIDE MERIDIAN, BELLINGHAM, WA 98226-9109
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
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
Aug 25, 2011
—
Jec LLC
—
Trustees Deed
related
$491,880 · Whatcom Educational Cu
Sep 30, 2009
$584,150
Jec LLC
Weden,ronald D & Molly K
Warranty Deed
$440,000 · Whatcom Educational Cu
—
—
Ronald D Weden
—
Deed Of Trust
related
$267,000 · Whatcom State Bank
—
—
Jec LLC
—
Deed Of Trust
related
$509,000 · Ameritrust Cdc
—
—
Jec LLC
—
Deed Of Trust
related
—
—
—
Jec LLC
—
Deed Of Trust
related
$794,950 · 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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