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Property profile & analytics
OFF-MARKET
Estimated value
$3,475,000
Grocery and convenience stores
6025 Portal Way, Ferndale, WA 98248-9360
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1714047
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1946
Total area
34,874 SF
Lot
1.97 ac (85,813 SF)
Zoning code
GB
APN
390220 226479 0000
UPID
US90-1714047
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
-
Innovative Freeze Dried Food Food Processing Plant Factory
-
American Freeze Dry Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.48M
Owner & transaction history
Innovative Freeze Dried Food L · 7 yrs held
Innovative Freeze Dried Food L
since 2019
7 recorded transactions
Zoning & alternative use
GB · Ferndale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$100 / 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
$15,968
Tax year 2024
Assessed value
$2,297,974
Assessed 2023
Previous assessed
$2,146,062
+7.1% YoY
Effective rate
0.69%
On assessed value
Assessed land
$729,411
Assessed improvement
$1,568,563
Land market value
$729,411
Improvement market value
$1,568,563
Total market value
$2,297,974
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1946
Heating
NONE
Cooling
YES
Total area
34,874 SF
Lot
1.97 ac (85,813 SF)
Zoning code
GB
APN
390220 226479 0000
UPID
US90-1714047
Jurisdiction
WHATCOM
Zoning & alternative use
GB · Ferndale, WA
Zoning GB · permitted uses
GB · 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.
Building & site characteristics
From public records
Year built
1946
Heating
NONE
Cooling
Yes
Lot
1.97 ac
Current owner
From public records · entity-resolved
Innovative Freeze Dried Food L
Individual
Mailing address
6025 PORTAL WAY, FERNDALE, WA 98248-9360
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2019
$1,589,500
Innovative Freeze Dried Food L
Blue Water Real Estate INC
Warranty Deed
—
Nov 30, 2012
$1,200,000
Blue Water Real Estate INC
Neova Technologies USA INC
Warranty Deed
—
Dec 14, 2007
$2,100,000
Neova Technologies USA INC
Amjust LLC
Warranty Deed
—
Apr 26, 2002
—
Amjust LLC
—
Deed Of Trust
related
$2,800,000 · Ferry Brothers INC
—
—
Neova Technologies USA INC
—
Deed Of Trust
related
$6,000,000 · Farm Credit Canada
—
—
Ferry Brothers INC
—
Deed Of Trust
related
$584,899 · Hansen-rice INC
—
—
Amjust LLC
—
Deed Of Trust
related
$2,000,000 · Bank Of The Northwest
—
—
Amjust LLC
—
Deed Of Trust
related
$1,380,000 · Amresco Independence Funding
—
—
Amjust LLC
—
Deed Of Trust
related
$1,500,000 · Zions First National Bank
—
—
Amjust LLC
—
Deed Of Trust
related
$300,000 · Gloken LLC
—
—
Neova Technologies USA INC
—
Deed Of Trust
related
$4,958,841 · Hsbc Bank Canada
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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