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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Office buildings
6220 Portal Way, Ferndale, WA 98248-9362
Entity Owned
9-yr Hold
Free & Clear
Property ID
US90-3216180
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2010
Total area
4,620 SF
Lot
0.44 ac (19,166 SF)
Zoning code
MCD
APN
390217 312157 0000
UPID
US90-3216180
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
-
People Pond (Bike/Boat/Book/etc) Store Corporate Office
-
Kulshan Veterinary Hospital Veterinary Clinic
-
Fairhaven Originals Gallery Art Gallery
-
StrEAT Food Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.06M
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$800k
Owner & transaction history
Salish Capital Group LLC · 9 yrs held
Salish Capital Group LLC
since 2017
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%
$1,150,000
6.5%
$1,060,000
7%
$985,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,215,000
Change: -9% · Conversion: Easy
RETAIL STORES
$1,160,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$800k
Range $720k – $880k · ±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
$173 / 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
$5,307
Tax year 2021
Assessed value
$695,307
Assessed 2022
Previous assessed
$695,307
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$125,952
Assessed improvement
$569,355
Land market value
$125,952
Improvement market value
$569,355
Total market value
$695,307
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2010
Heating
BASEBOARD
Cooling
YES
Stories
1
Bathrooms
1
Total area
4,620 SF
Lot
0.44 ac (19,166 SF)
Zoning code
MCD
APN
390217 312157 0000
UPID
US90-3216180
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
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
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
2010
Heating
BASEBOARD
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Salish Capital Group LLC
Entity
Free & Clear · 9 yrs held
Mailing address
8880 BENSON RD, LYNDEN, WA 98264-9787
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2017
—
Salish Capital Group LLC
—
Deed
related
$600,000 · Bank Of Pacific
May 25, 2017
$550,000
Salish Capital Group LLC
Chispa Real Estate LLC
Warranty Deed
related
—
Oct 10, 2011
$453,085
Chispa Real Estate LLC
Mcinnis,rebecca D & David A
Quit Claim Deed
related
—
Dec 3, 2009
$135,000
David Mcinnis
Dws Portal Way LLC
Warranty Deed
$660,000 · North Coast Cu
May 1, 2008
—
Dws Portal Way LLC
—
Trustees Deed
related
$1,647,000 · Bank Of Pacific
Feb 29, 2008
$645,000
Dws Portal Way LLC
Bhumber,gurmit & Harjit
Warranty Deed
$407,890 · Banner Bank
Nov 29, 2007
$46,993
Gurmit Bhumber
Bhumber,karam S
Quit Claim Deed
related
—
—
—
Salish Capital Group LLC
—
Deed Of Trust
related
$600,000 · Bank Of Pacific
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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