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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Retail space
5682 3rd Ave Ferndale, WA 98248
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1745315
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Total area
3,600 SF
Lot
0.05 ac (2,252 SF)
Zoning code
CTC
APN
390229 091527 0000
UPID
US90-1745315
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
-
Empress Tattoo Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$920k
CAP Approach
CAP
$660k
Comparable Approach
Comparable
$531k
Blend (final)
Blend
$775k
Owner & transaction history
Chinh Thi Vinh Dao · 5 yrs held
Chinh Thi Vinh Dao
since 2021
Last sale
$782,650
2 recorded transactions
Zoning & alternative use
CTC · Ferndale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Ferndale Municipal Code
Top alternative use upside
Medical building
$1.1M
+23.3%
Office building
$1.0M
+15.6%
Commercial (general)
$950,000
+4.7%
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
$965,000
ML approach
$920,000
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$615,000
Alternative Use
Use
Estimation
RETAIL STORES
$905,000
Current use
MEDICAL BUILDING
$1,115,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$1,045,000
Change: +16% · Conversion: Easy
COMMERCIAL (GENERAL)
$950,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $783k (Jul 16 2021)
Last sale anchor
$783k
Jul 16 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
$215 / 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
$1,398
Tax year 2021
Assessed value
$313,116
Assessed 2022
Previous assessed
$313,116
+0.0% YoY
Effective rate
0.45%
On assessed value
Assessed land
$83,633
Assessed improvement
$229,483
Land market value
$83,633
Improvement market value
$229,483
Total market value
$313,116
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1925
Heating
BASEBOARD
Cooling
YES
Total area
3,600 SF
Lot
0.05 ac (2,252 SF)
Zoning code
CTC
APN
390229 091527 0000
UPID
US90-1745315
Jurisdiction
WHATCOM
Zoning & alternative use
CTC · Ferndale, WAZoning CTC · permitted uses
CTC · Ferndale, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Ferndale Municipal Code
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$905,000
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$950,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (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
1925
Heating
BASEBOARD
Cooling
Yes
Lot
0.05 ac
Current owner
From public records · entity-resolved
Chinh Thi Vinh Dao
Individual
Mailing address
4015 ELIZA AVE TRLR #52, BELLINGHAM, WA 98226-8165
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2021
$782,650
Chinh Thi Vinh Dao
Jeffrey P Lombard
Warranty Deed
$437,500 · Lombard Family Living Trust
Mar 29, 2006
—
Lombard Family Living Trust
Lombard,jeffrey P & Denora
Quit Claim Deed
related
—
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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