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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Automotive properties
5585 Labounty Dr Ferndale, WA 98248-8964
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1056301
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2000
Total area
2,139 SF
Lot
0.52 ac (22,599 SF)
Zoning code
MCD
APN
390229 560406 0000
UPID
US90-1056301
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
-
Ferndale Lube Auto Repair Shop
-
Valvoline Instant Oil Change Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$550k
Blend (final)
Blend
$735k
Owner & transaction history
Valvoline LLC · 5 yrs held
Valvoline LLC
since 2021
Last sale
$701,123
6 recorded transactions
Zoning & alternative use
MCD · Ferndale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$665,000
+77.4%
Office building
$620,000
+66.4%
Commercial (general)
$565,000
+50.6%
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
$865,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$665,000
Change: +77% · Conversion: Difficult
OFFICE BUILDING
$620,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$565,000
Change: +51% · Conversion: Moderate
RETAIL STORES
$540,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $701k (Mar 2 2021)
Last sale anchor
$701k
Mar 2 2021
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
$344 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$4,749
Tax year 2024
Assessed value
$683,413
Assessed 2023
Previous assessed
$615,143
+11.1% YoY
Effective rate
0.69%
On assessed value
Assessed land
$384,200
Assessed improvement
$299,213
Land market value
$384,200
Improvement market value
$299,213
Total market value
$683,413
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2000
Heating
SPACE
Cooling
YES
Total area
2,139 SF
Lot
0.52 ac (22,599 SF)
Zoning code
MCD
APN
390229 560406 0000
UPID
US90-1056301
Jurisdiction
WHATCOM
Zoning & alternative use
MCD · Ferndale, WA
Zoning MCD · permitted uses
MCD · 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
MEDICAL BUILDING
Est. value
$665,000
OFFICE BUILDING
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$565,000
RETAIL STORES
Est. value
$540,000
MEDICAL BUILDING
OFFICE BUILDING
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
2000
Heating
SPACE
Cooling
Yes
Lot
0.52 ac
Current owner
From public records · entity-resolved
Valvoline LLC
Entity
Free & Clear · 5 yrs held
Mailing address
100 VALVOLINE WAY, LEXINGTON, KY 40509-2714
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Mar 2, 2021
$701,123
Valvoline LLC
Dardin Price V
Warranty Deed
—
Aug 11, 2015
—
Price Living Trust
Price,v Dardin & Teresa L
Quit Claim Deed
related
—
Dec 18, 2002
—
Price V D
Mouw,rick & Debra
Grant Deed
$459,045 · Whidbey Island Bank
Apr 16, 1999
$118,600
Rick Mouw
Takisaki,james T & Christine M
Grant Deed
$59,300 · Seller
—
—
Rick Mouw
—
Deed Of Trust
related
$129,000 · Whatcom State Bank
—
—
Rick Mouw
—
Deed Of Trust
related
$320,000 · Whatcom State Bank
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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