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Property profile & analytics
OFF-MARKET
Estimated value
$2,075,000
Warehouses
6910 Salashan Pkwy, Ferndale, WA 98248-8373
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-3281361
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Total area
19,200 SF
Lot
2.58 ac (112,428 SF)
Zoning code
LII
APN
390206 206016 0000
UPID
US90-3281361
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
-
FHL Custom Cabinets General Contractor Renovation Specialist
-
Lyfestyle Retractable Screens Hardware & Home Improvement Production Facility
-
Tajfun USA LLC Factory Industrial Manufacturer
-
Copac Self Storage Storage Facility
-
Skunky's Junk Removal Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.22M
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$2.08M
Owner & transaction history
Copac Grandview LLC · 7 yrs held
Copac Grandview LLC
since 2019
7 recorded transactions
Zoning & alternative use
LII · Ferndale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.4M
+7.6%
Industrial (general)
$3.3M
+5.0%
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%
$2,400,000
6.5%
$2,215,000
7%
$2,055,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,120,000
Current use
AUTO REPAIR, GARAGE
$3,355,000
Change: +8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,275,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$2.08M
Range $1.87M – $2.28M · ±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
$108 / 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
$19,051
Tax year 2024
Assessed value
$2,689,115
Assessed 2023
Previous assessed
$2,008,398
+33.9% YoY
Effective rate
0.71%
On assessed value
Assessed land
$505,971
Assessed improvement
$2,183,144
Land market value
$505,971
Improvement market value
$2,183,144
Total market value
$2,689,115
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Heating
NONE
Cooling
YES
Buildings
3
Total area
19,200 SF
Lot
2.58 ac (112,428 SF)
Zoning code
LII
APN
390206 206016 0000
UPID
US90-3281361
Jurisdiction
WHATCOM
Zoning & alternative use
LII · Ferndale, WA
Zoning LII · permitted uses
LII · 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
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.4M
INDUSTRIAL (GENERAL)
Est. value
$3.3M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
2004
Heating
NONE
Cooling
Yes
Buildings
3
Lot
2.58 ac
Current owner
From public records · entity-resolved
Copac Grandview LLC
Entity
Mailing address
6910 SALASHAN PKWY STE A1, FERNDALE, WA 98248-8373
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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 8, 2019
—
Copac Grandview LLC
Mulder S E Testamentary
Quit Claim Deed
related
—
Mar 29, 2019
—
Testamentary Samuel E M Trust
Copac Properties LLC
Quit Claim Deed
related
—
Dec 29, 2010
—
Copac Properties LLC
Coast Pacific INC
Quit Claim Deed
related
—
Aug 29, 2003
$700,000
Coast Pacific Trading INC
Lawrence,c M
Grant Deed
—
—
—
Mary Lawrence
—
Deed Of Trust
related
$143,000 · Interwest Bank
—
—
Coast Pacific INC
—
Deed Of Trust
related
$1,000,000 · Key Bank NA
—
—
Mark Lawrence
—
Deed Of Trust
related
$132,909 · Us Bank Of Washington
—
—
Copac Properties LLC
—
Deed Of Trust
related
$1,500,000 · Peoples Bk
—
—
Mary J Lawrence
—
Deed Of Trust
related
$250,000 · Interwest Bank
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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