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Property profile & analytics
OFF-MARKET
Estimated value
$4,895,000
Manufacturing properties
6960 Salashan Pkwy, Ferndale, WA 98248-8314
Entity Owned
23-yr Hold
Free & Clear
Property ID
US90-1814705
Property profile
Verified
Property type
Manufacturing properties
Use group
PAPER PRODUCT MFG
Year built
2004
Total area
67,250 SF
Lot
5.31 ac (231,304 SF)
Zoning code
LII
APN
390206 063216 0000
UPID
US90-1814705
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
-
Biofresh Big Box & Wholesale Store
-
Healthy Pet Corporate Office Business Park
-
International Absorbents Inc Chemical Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.39M
Comparable Approach
Comparable
$3.74M
Blend (final)
Blend
$4.90M
Owner & transaction history
Jansen INC · 23 yrs held
Jansen INC
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,925,000
6.5%
$6,390,000
7%
$5,935,000
Blend value · Realmo final
$4.90M
Range $4.41M – $5.38M · ±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
$73 / 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
$56,136
Tax year 2021
Assessed value
$5,609,279
Assessed 2022
Previous assessed
$5,609,279
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$636,081
Assessed improvement
$4,973,198
Land market value
$636,081
Improvement market value
$4,973,198
Total market value
$5,609,279
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
PAPER PRODUCT MFG
Status
Off-Market
Year built
2004
Heating
NONE
Cooling
YES
Buildings
2
Total area
67,250 SF
Lot
5.31 ac (231,304 SF)
Zoning code
LII
APN
390206 063216 0000
UPID
US90-1814705
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
2004
Heating
NONE
Cooling
Yes
Buildings
2
Lot
5.31 ac
Current owner
From public records · entity-resolved
Jansen INC
Entity
Free & Clear · 23 yrs held
Mailing address
6960 SALASHAN PKWY, FERNDALE, WA 98248-8314
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2002
$1,500,000
Jansen INC
Copac Properties LLC
Grant Deed
—
—
—
Jansen INC
—
Deed Of Trust
related
$50,000 · Peoples Bank & Trust
—
—
Albert Jansen
—
Deed Of Trust
related
$100,643 · Individual
—
—
Absorption Corp
—
Deed Of Trust
related
$20,100,000 · Branch Banking & Trust Co
—
—
Jansen INC
—
Deed Of Trust
related
$38,737 · Coast Pacific Trading INC
—
—
Jansen INC
—
Deed Of Trust
related
$707,450 · Skagit State Bank
—
—
Jansen INC
—
Deed Of Trust
related
$216,927 · Skagit State Bank
—
—
Absorption Corp
—
Deed Of Trust
related
$2,355,000 · Ge Capital Public Finance
—
—
Absorption Corp
—
Deed Of Trust
related
$13,800 · Branch Banking & Trust Co
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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