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Property profile & analytics
OFF-MARKET
Estimated value
$2,075,000
Investment properties
5828 2nd Ave, Ferndale, WA 98248-5003
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0538046
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Haven Design Workshop - Bellingham Architects Architectural Designer Architecture Firm
-
EVConnect Charging Station 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
City Of Ferndale · 8 yrs held
City Of Ferndale
since 2017
7 recorded transactions
Zoning & alternative use
URR · Ferndale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+29.1%
Medical building
$2.2M
+17.8%
Office building
$2.1M
+10.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,530,000
6.5%
$1,410,000
7%
$1,310,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,900,000
Current use
RESTAURANT
$2,455,000
Change: +29% · Conversion: Difficult
MEDICAL BUILDING
$2,240,000
Change: +18% · Conversion: Easy
OFFICE BUILDING
$2,100,000
Change: +10% · Conversion: Easy
RETAIL STORES
$1,815,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$2.08M
Range $1.87M – $2.28M · ±10%
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
$287 / 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
$11,128
Tax year 2021
Assessed value
$1,659,154
Assessed 2022
Previous assessed
$1,659,154
+0.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$214,099
Assessed improvement
$1,445,055
Land market value
$214,099
Improvement market value
$1,445,055
Total market value
$1,659,154
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2017
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
7,225 SF
Lot
0.1 ac (4,356 SF)
Zoning code
URR
APN
390220 177186 0000
UPID
US90-0538046
Jurisdiction
WHATCOM
Zoning & alternative use
URR · Ferndale, WA
Zoning URR · permitted uses
URR · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.9M
RESTAURANT
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.1M
RETAIL STORES
Est. value
$1.8M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
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
2017
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
City Of Ferndale
Entity
Mailing address
5828 2ND AVE APT #101, FERNDALE, WA 98248-5003
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2021
—
Haven Communities LLC
—
Deed
related
$180,000 · Columbia State Bank
Mar 10, 2021
—
Haven Communities LLC
—
Deed
related
$814,292 · Columbia State Bank
Jul 11, 2017
—
City Of Ferndale
Haven Communities LLC
Warranty Deed
related
—
Dec 7, 2016
—
Haven Communities LLC
—
Trustees Deed
related
$845,000 · Washington Fed'l Svgs
Oct 17, 2016
—
Haven Communities LLC
Hegstad,sean & Jaimi
Quit Claim Deed
related
—
Dec 23, 2015
$102,750
Sean Hegstad
Dj & Dj Contracting INC
Warranty Deed
—
Sep 25, 2015
$79,000
Dj & Dj Contracting INC
Washington Fedl
Grant Deed
—
Sep 4, 2015
$90,946
Washington Fedl
Bishop William L JR|quimby,robert
Trustees Deed
related
—
—
—
Robert B Quimby
—
Deed Of Trust
related
$92,365 · Network Mortgage Services INC
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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