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Property profile & analytics
OFF-MARKET
Estimated value
$11,245,000
Warehouses
6920 Salashan Pkwy, Ferndale, WA 98248-8320
Entity Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0901301
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Total area
198,145 SF
Lot
13.8 ac (601,259 SF)
Zoning code
LII
APN
390206 231042 0000
UPID
US90-0901301
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
-
Fastenal Big Box & Wholesale Store Building Supply
-
3DX Industries - 3D Metal Printing Industrial Manufacturer Production Facility
-
A N Deringer Inc Freight Service Logistics Company
-
Andgar Home Comfort HVAC Service General Contractor
-
Emerson Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.25M
Owner & transaction history
G V Lot 2 LLC · 24 yrs held
G V Lot 2 LLC
since 2002
7 recorded transactions
Zoning & alternative use
LII · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$57 / 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
$73,491
Tax year 2021
Assessed value
$9,368,540
Assessed 2022
Previous assessed
$9,368,540
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$1,975,621
Assessed improvement
$7,392,919
Land market value
$1,975,621
Improvement market value
$7,392,919
Total market value
$9,368,540
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
2002
Heating
NONE
Cooling
YES
Buildings
2
Total area
198,145 SF
Lot
13.8 ac (601,259 SF)
Zoning code
LII
APN
390206 231042 0000
UPID
US90-0901301
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.
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Cooling
Yes
Buildings
2
Lot
13.8 ac
Current owner
From public records · entity-resolved
G V Lot 2 LLC
Entity
Mailing address
6910 SALASHAN PKWY STE A1, FERNDALE, WA 98248-8373
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2002
—
G V Lot 2 LLC
Abgk Properties LLC
Quit Claim Deed
related
—
Feb 7, 2001
—
G V Lot 2 LLC
Coast Pacific Trading INC
Quit Claim Deed
related
—
—
—
Gv 2 Lot 2 LLC
—
Deed Of Trust
related
$3,327,312 · Heritage Bk
—
—
Gv Lot 2 LLC
—
Deed Of Trust
related
$3,200,000 · Key Bank NA
—
—
G V Lot 2 LLC
—
Deed Of Trust
related
$2,700,000 · Horizon Bank
—
—
Gv Lot 2 LLC
—
Deed Of Trust
related
$1,000,000 · Andrew JR & Barbara Mellema
—
—
G V Lot 2 LLC
—
Deed Of Trust
related
$3,766,246 · Horizon 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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