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Property profile & analytics
OFF-MARKET
Retail space
5707 3rd Ave Ferndale, WA 98248
Individually Owned
8-yr Hold
Free & Clear
Property ID
US90-0862185
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Total area
1,249 SF
Lot
0.05 ac (2,178 SF)
Zoning code
URR
APN
390229 100563 0000
UPID
US90-0862185
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
-
Bryan Wahl Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Leonard Wahl · 8 yrs held
Leonard Wahl
since 2018
4 recorded transactions
Zoning & alternative use
URR · Ferndale, WA
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,428
Tax year 2021
Assessed value
$212,895
Assessed 2022
Previous assessed
$212,895
+0.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$71,242
Assessed improvement
$141,653
Land market value
$71,242
Improvement market value
$141,653
Total market value
$212,895
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
1920
Heating
FORCED AIR
Cooling
YES
Total area
1,249 SF
Lot
0.05 ac (2,178 SF)
Zoning code
URR
APN
390229 100563 0000
UPID
US90-0862185
Jurisdiction
WHATCOM
Zoning & alternative use
URR · Ferndale, WAZoning URR · permitted uses
URR · Ferndale, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Ferndale Municipal Code
Building & site characteristics
From public records
Year built
1920
Heating
FORCED AIR
Cooling
Yes
Lot
0.05 ac
Current owner
From public records · entity-resolved
Leonard Wahl
Individual
Free & Clear · 8 yrs held
Mailing address
182 N HARVEY RD, BLAINE, WA 98230-9830
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2018
$215,000
Leonard Wahl
Erb,eric
Warranty Deed
—
Mar 22, 2016
—
Eric Erb
Cox-erb,rozine
Quit Claim Deed
related
—
Mar 22, 2016
$90,000
Eric Erb
Seafledt,daniel
Warranty Deed
—
Jul 8, 1998
$81,437
Dan Seafeldt
Smith,donald E & Verlee V
Grant Deed
$60,000 · Seller
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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