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Property profile & analytics
OFF-MARKET
Estimated value
$10,450,000
Manufacturing properties
6840 Northgate Way, Ferndale, WA 98248-8309
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-2667740
Property profile
Verified
Property type
Manufacturing properties
Use group
LUMBER & WOOD PRODUCT MFG
Year built
2021
Total area
70,560 SF
Lot
3.94 ac (171,626 SF)
APN
390207 323468 0000
UPID
US90-2667740
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
-
Method Homes Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.45M
CAP Approach
CAP
$6.71M
Comparable Approach
Comparable
$14.00M
Blend (final)
Blend
$10.45M
Owner & transaction history
L & R Ferndale LLC · 1 yrs held
L & R Ferndale LLC
since 2024
Last sale
$10.5M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.3M
+2.4%
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
$10,450,000
ML approach
$10,450,000
CAP Approach
CAP Return
Estimation
6%
$7,265,000
6.5%
$6,705,000
7%
$6,225,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$12,040,000
Current use
AUTO REPAIR, GARAGE
$12,335,000
Change: +2% · Conversion: Easy
WAREHOUSE, STORAGE
$11,465,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$10.45M
Range $9.41M – $11.50M · ±10% · vs last sale $10.45M (Jul 22 2024)
Last sale anchor
$10.45M
Jul 22 2024
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
$148 / 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
$67,180
Tax year 2024
Assessed value
$9,482,645
Assessed 2023
Previous assessed
$5,916,100
+60.3% YoY
Effective rate
0.71%
On assessed value
Assessed land
$686,506
Assessed improvement
$8,796,139
Land market value
$686,506
Improvement market value
$8,796,139
Total market value
$9,482,645
Applied tax rate
2,020.0000
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
Manufacturing properties
Use group
LUMBER & WOOD PRODUCT MFG
Status
Off-Market
Year built
2021
Cooling
YES
Total area
70,560 SF
Lot
3.94 ac (171,626 SF)
APN
390207 323468 0000
UPID
US90-2667740
Jurisdiction
WHATCOM
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$12.0M
AUTO REPAIR, GARAGE
Est. value
$12.3M
WAREHOUSE, STORAGE
Est. value
$11.5M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2021
Cooling
Yes
Lot
3.94 ac
Current owner
From public records · entity-resolved
L & R Ferndale LLC
Entity
Free & Clear · 1 yrs held
Mailing address
17113 13TH AVE NW #305, SHORELINE, WA 98177-3834
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2024
$10,450,000
L & R Ferndale LLC
6840 Northgate Way Ferndale LP
Bargain And Sale Deed
—
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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