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Financial
Distress signals
Property profile

5501 Hovander Rd Ferndale, WA 98248

OFF-MARKET
Warehouses
Property ID
US90-1160012
32,314 SF 5.9 ac lot Built 2005
Last sale Jan 2021 · $9,750,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2021

What does the county charge?
$33k
Tax billed · 2021
Assessed value · 2022$7.18M
Assessed land$1.18M
Assessed improvement$6.00M
Effective rate0.46%

Value estimate

· Oct 2026
$12.05M
$10.85M – $13.26M
AI approach$10.83M
Submarket $/SF estimate$6.99M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$162/SF
County average, outlier-cleaned · 46 recorded sales of this use type
Observed band · Q1–Q3$60 – $216

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
GB
The zone is intended as a primary center for business activities, and uses exclusively focused on storage are discouraged, for commercial...
General categoryINDUSTRIAL
JurisdictionWHATCOM

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service9.3
Electrical Service9.1
Tailor Shop8.8

Location

5501 Hovander Rd Ferndale, WA 98248-7835
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2460 Salashan, Ferndale, WA 98248-8308 $4,500,000 Feb 2026 27,640 SF
6823 Northgate, Ferndale, WA 98248-8309 $2,625,000 Dec 2022 27,994 SF
1360 Sunset, Ferndale, WA 98248-8913 $551,829 Dec 2021 40,111 SF
6947 Salashan, Ferndale, WA 98248-8314 $3,060,000 Jul 2021 30,600 SF
6943 Salashan, Ferndale, WA 98248-8314 $2,474,110 May 2021 25,020 SF
6925 Salashan, Ferndale, WA 98248-8314 $1,150,000 Oct 2020 24,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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