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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Industrial properties
6208 Portal Way, Ferndale, WA 98248-9362
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0664367
Property profile
Verified
Property type
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Year built
2010
Total area
2,072 SF
Lot
0.37 ac (15,995 SF)
Zoning code
MCD
APN
390217 312145 0000
UPID
US90-0664367
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
-
Pioneer Post Frame Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$965k
Owner & transaction history
Alastor Group LLC · 2 yrs held
Alastor Group LLC
since 2023
Last sale
$895,000
7 recorded transactions
Zoning & alternative use
MCD · Ferndale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$645,000
+81.8%
Office building
$605,000
+70.4%
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
$1,025,000
ML approach
$1,045,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$645,000
Change: +82% · Conversion: Difficult
OFFICE BUILDING
$605,000
Change: +70% · Conversion: Difficult
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±10% · vs last sale $895k (Nov 30 2023)
Last sale anchor
$895k
Nov 30 2023
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
$466 / 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
$3,005
Tax year 2021
Assessed value
$393,778
Assessed 2022
Previous assessed
$393,778
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$105,118
Assessed improvement
$288,660
Land market value
$105,118
Improvement market value
$288,660
Total market value
$393,778
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
2010
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Total area
2,072 SF
Lot
0.37 ac (15,995 SF)
Zoning code
MCD
APN
390217 312145 0000
UPID
US90-0664367
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
MEDICAL BUILDING
Est. value
$645,000
OFFICE BUILDING
Est. value
$605,000
MEDICAL BUILDING
OFFICE BUILDING
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
2010
Heating
HEAT PUMP
Cooling
Yes
Lot
0.37 ac
Current owner
From public records · entity-resolved
Alastor Group LLC
Entity
Mailing address
980 WILLEYS LK RD, FERNDALE, WA 98248-9700
Ownership since
2023
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 6, 2026
—
Alastor Group LLC
—
Deed
related
$700,000 · Heritage Southeast Bank
Nov 30, 2023
$895,000
Alastor Group LLC
Kuyperseth Properties LLC
Warranty Deed
—
Feb 20, 2018
$700,000
Kuyperseth Properties LLC
Dws Portal Way LLC
Warranty Deed
—
Nov 3, 2017
—
Dws Portal Way LLC
—
Deed
related
$212,999 · Westside Building Supply
—
—
Dws Portal Way LLC
—
Deed Of Trust
related
$141,770 · Bovenkamp Dev INC
—
—
Dws Portal Way LLC
—
Deed Of Trust
related
$464,500 · Sterling Bank
—
—
Dws Portal Way LLC
—
Deed Of Trust
related
$175,000 · Sterling Bank
—
—
Dws Portal Way LLC
—
Deed Of Trust
related
$141,770 · Westside Building Supply
—
—
Dws Portal Way LLC
—
Loan Modification
related
$212,999 · Westside Building Supply
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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