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Property profile & analytics
OFF-MARKET
Estimated value
$6,560,000
Industrial properties
6990 Salashan Pkwy, Ferndale, WA 98248
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0106247
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2013
Lot
4.31 ac (187,787 SF)
Zoning code
LII
APN
390206 018232 0000
UPID
US90-0106247
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.56M
Owner & transaction history
Remington Properties USA INC · 5 yrs held
Remington Properties USA INC
since 2020
Last sale
$5.6M
5 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
$7,780,000
ML approach
$7,260,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.56M
Range $5.90M – $7.22M · ±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
—
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
$5,293
Tax year 2024
Assessed value
$747,115
Assessed 2023
Previous assessed
$539,643
+38.4% YoY
Effective rate
0.71%
On assessed value
Assessed land
$704,186
Assessed improvement
$42,929
Land market value
$704,186
Improvement market value
$42,929
Total market value
$747,115
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2013
Heating
NONE
Lot
4.31 ac (187,787 SF)
Zoning code
LII
APN
390206 018232 0000
UPID
US90-0106247
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
2013
Heating
NONE
Lot
4.31 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
5 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
Dec 21, 2012
$750,000
Greenberry Industrial LLC
Copac Properties LLC
Warranty Deed
$650,000 · Copac Properties LLC
Dec 16, 2010
—
Copac Properties LLC
Coast Pacific INC
Quit Claim Deed
related
—
May 9, 2003
$160,000
Coast Pacific Trading INC
Jansen INC
Grant Deed
—
—
—
Jansen INC
—
Deed Of Trust
related
$216,927 · Skagit State 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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