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Property profile

5828 2nd Ave Ferndale, WA 98248

OFF-MARKET
Investment properties
Property ID
US90-0538046
7,225 SF 0.1 ac lot Built 2017
Entity Owned 9-yr Hold ~ Est. High Equity

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2017
Total area 7,225 SF
Lot 0.1 ac (4,356 SF)
Zoning code URR
APN 390220 177186 0000
UPID US90-0538046

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Architect Architectural Designer
  • Electric Vehicle Charging Station

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.41M
Comparable Approach Comparable
$2.81M
Blend (final) Blend
$2.08M

Owner & transaction history

since 2017
7 recorded transactions
2021
Price N/A
2021
Price N/A
2017
Price N/A
2016
Price N/A
2016
Price N/A
2015
$102,750
2015
$79,000

Zoning & alternative use

URR · Ferndale, WA
Top alternative use upside
Restaurant $2.5M +29.1%
Medical building $2.2M +17.8%
Office building $2.1M +10.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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