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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Industrial properties
6196 Portal Way, Ferndale, WA 98248-9363
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-1401454
Property profile
Verified
Property type
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Year built
1998
Total area
6,020 SF
Lot
0.71 ac (30,928 SF)
Zoning code
MCD
APN
390217 289123 0000
UPID
US90-1401454
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$570k
Comparable Approach
Comparable
$387k
Blend (final)
Blend
$530k
Owner & transaction history
Northsound Holding LLC · 10 yrs held
Northsound Holding LLC
since 2016
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%
$620,000
6.5%
$570,000
7%
$530,000
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$88 / 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
$3,897
Tax year 2021
Assessed value
$581,009
Assessed 2022
Previous assessed
$581,009
+0.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$184,149
Assessed improvement
$396,860
Land market value
$184,149
Improvement market value
$396,860
Total market value
$581,009
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
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Status
Off-Market
Year built
1998
Heating
NONE
Cooling
YES
Total area
6,020 SF
Lot
0.71 ac (30,928 SF)
Zoning code
MCD
APN
390217 289123 0000
UPID
US90-1401454
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.
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Cooling
Yes
Lot
0.71 ac
Current owner
From public records · entity-resolved
Northsound Holding LLC
Entity
Mailing address
PO BOX 29116, BELLINGHAM, WA 98228-1116
Ownership since
2016
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
Apr 21, 2020
—
Northsound Holdings LLC
—
Deed
related
$100,000 · Whatcom Educational Cu
May 2, 2016
—
Northsound Holdings LLC
—
Deed
related
$448,800 · Whatcom Educational Cu
Mar 17, 2016
$450,000
Northsound Holding 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
—
—
—
Charles D Westfall
—
Deed Of Trust
related
$219,425 · Banner Bank
—
—
Northsound Holdings LLC
—
Deed Of Trust
related
$448,800 · Whatcom Educational Cu
—
—
Northsound Holdings LLC
—
Deed Of Trust
related
$100,000 · Whatcom Educational Cu
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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