New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,725,000
Manufacturing properties
6980 Salashan Pkwy, Ferndale, WA 98248-8314
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1439767
Property profile
Verified
Property type
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Year built
2002
Total area
41,230 SF
Lot
6.91 ac (301,000 SF)
Zoning code
LII
APN
390206 034275 0000
UPID
US90-1439767
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
-
Greenberry Industrial Factory Production Facility
-
Greenberry Industrial - Regional Office Construction Company
-
Marcon Metalfab Metal Fabrication Plant Factory
-
Shell Recharge Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.06M
CAP Approach
CAP
$3.92M
Comparable Approach
Comparable
$6.98M
Blend (final)
Blend
$5.73M
Owner & transaction history
Remington Properties USA INC · 5 yrs held
Remington Properties USA INC
since 2020
Last sale
$5.6M
7 recorded transactions
Zoning & alternative use
LII · Ferndale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.2M
+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
$7,780,000
ML approach
$7,060,000
CAP Approach
CAP Return
Estimation
6%
$4,245,000
6.5%
$3,920,000
7%
$3,640,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,035,000
Current use
AUTO REPAIR, GARAGE
$7,205,000
Change: +2% · Conversion: Easy
WAREHOUSE, STORAGE
$6,700,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$5.73M
Range $5.15M – $6.30M · ±10% · vs last sale $5.60M (Sep 30 2020)
Last sale anchor
$5.60M
Sep 30 2020
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
$139 / 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
$33,487
Tax year 2024
Assessed value
$4,726,849
Assessed 2023
Previous assessed
$3,130,467
+51.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$1,015,875
Assessed improvement
$3,710,974
Land market value
$1,015,875
Improvement market value
$3,710,974
Total market value
$4,726,849
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
FOUNDRY, INDUSTRIAL PLANT
Status
Off-Market
Year built
2002
Heating
SPACE
Cooling
YES
Total area
41,230 SF
Lot
6.91 ac (301,000 SF)
Zoning code
LII
APN
390206 034275 0000
UPID
US90-1439767
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
INDUSTRIAL (GENERAL) Current
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$7.2M
WAREHOUSE, STORAGE
Est. value
$6.7M
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
2002
Heating
SPACE
Cooling
Yes
Lot
6.91 ac
Current owner
From public records · entity-resolved
Remington Properties USA INC
Entity
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Sep 30, 2020
$5,600,000
Remington Properties USA INC
Greenberry Industrial LLC
Warranty Deed
$100,000 · Canadian Imperial Bank Of Commerce
Jun 30, 2016
$4,750,000
Greenberry Industrial LLC
Wtlt Holdings LLC
Warranty Deed
—
Jan 23, 2015
—
Wtlt Holdings LLC
Greenberry Industrial LLC
Warranty Deed
—
Jul 28, 2011
$3,300,000
Greenberry Industrial LLC
Copac Properties LLC
Warranty Deed
$1,650,000 · West Coast Bank
Dec 16, 2010
—
Copac Properties LLC
Coast Pacific INC
Quit Claim Deed
related
—
Mar 7, 2005
—
Coast Pacific INC
—
Deed Of Trust
related
$2,000,000 · Horizon Bank
Oct 15, 2001
$24,142
Coast Pacific Trading INC
Jansen INC
Grant 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6980 Salashan Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
