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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Warehouses
6188 Portal Way Ferndale, WA 98248-9363
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US90-2667045
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2014
Total area
7,848 SF
Lot
1.61 ac (70,132 SF)
Zoning code
MCD
APN
390217 315122 0000
UPID
US90-2667045
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
-
Coast Construction Construction Company
-
Northsound Refrigeration Inc. Production Facility Industrial Manufacturer
-
Whatcom Business Consultants Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$905k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$765k
Owner & transaction history
Polaris Holdings LLC · 14 yrs held
Polaris Holdings LLC
since 2012
7 recorded transactions
Zoning & alternative use
MCD · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$980,000
6.5%
$905,000
7%
$840,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,275,000
Current use
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$97 / 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
$6,392
Tax year 2021
Assessed value
$837,485
Assessed 2022
Previous assessed
$837,485
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$207,984
Assessed improvement
$629,501
Land market value
$207,984
Improvement market value
$629,501
Total market value
$837,485
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2014
Heating
NONE
Cooling
YES
Buildings
2
Total area
7,848 SF
Lot
1.61 ac (70,132 SF)
Zoning code
MCD
APN
390217 315122 0000
UPID
US90-2667045
Jurisdiction
WHATCOM
Zoning & alternative use
MCD · Ferndale, WA
Zoning MCD · permitted uses
MCD · 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
WAREHOUSE, STORAGE Current
Est. value
$1.3M
WAREHOUSE, STORAGE Current
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
2014
Heating
NONE
Cooling
Yes
Buildings
2
Lot
1.61 ac
Current owner
From public records · entity-resolved
Polaris Holdings LLC
Entity
Mailing address
PO BOX 1767, FERNDALE, WA 98248-1767
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2012
$165,000
Polaris Holdings LLC
Westfall Holdings LLC
Warranty Deed
—
Sep 30, 2011
$414,498
Westfall Holdings LLC
Westfall,charles D
Quit Claim Deed
related
—
Apr 30, 2007
—
Charles D Westfall
Westfall,julie D
Quit Claim Deed
related
—
Apr 24, 2007
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
Phillip F Westfall
—
Deed Of Trust
related
$355,000 · Whatcom State Bank
—
—
Philip F Westfall
—
Deed Of Trust
related
$20,000 · Banner Bank
—
—
Westfall Holdings LLC
—
Deed Of Trust
related
$45,000 · Scott & Keri Kinley
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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