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Property profile & analytics
OFF-MARKET
Estimated value
$445,000
Manufacturing properties
989 Milton Ave Ferndale, CA 95536-9762
Entity Owned
30-yr Hold
~
Est. High Equity
Property ID
US09-1973988
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Lot
1.2 ac (52,266 SF)
Zoning code
C-1-D-Q
APN
030-111-004-000
UPID
US09-1973988
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
-
KWPT Radio Station Telecommunications Service
-
Spriggs & Marley Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$445k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$445k
Owner & transaction history
Cream City Investments Ptshp · 30 yrs held
Cream City Investments Ptshp
since 1996
7 recorded transactions
Zoning & alternative use
C-1-D-Q · Ferndale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Neighborhood Commercial or C1 Zone is intended to provide for neighborhood shopping centers which provide convenient sales and service facilities to residential areas, detracting from the residential desirability of such areas. The following regulations apply in all Neighborhood Commercial or C1 Zones.
Zone name
Neighborhood Commercial And Design Control And Qualified Combining
General category
COMMERCIAL
Zone area
6.94 ac
Source
Realmo
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
$445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$445k
Range $401k – $490k · ±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
—
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
$28,121
Tax year 2024
Assessed value
$2,022,388
Assessed 2024
Previous assessed
$2,022,388
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$246,608
Assessed improvement
$1,775,780
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
MANUFACTURING (LIGHT)
Status
Off-Market
Heating
NONE
Lot
1.2 ac (52,266 SF)
Zoning code
C-1-D-Q
APN
030-111-004-000
UPID
US09-1973988
Jurisdiction
HUMBOLDT
Zoning & alternative use
C-1-D-Q · Ferndale, CAZoning C-1-D-Q · permitted uses
C-1-D-Q · Ferndale, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Neighborhood Commercial or C1 Zone is intended to provide for neighborhood shopping centers which provide convenient sales and service facilities to residential areas, detracting from the residential desirability of such areas. The following regulations apply in all Neighborhood Commercial or C1 Zones.
Zone name
Neighborhood Commercial And Design Control And Qualified Combining
General category
COMMERCIAL
Zone area
6.94 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
1.2 ac
Current owner
From public records · entity-resolved
Cream City Investments Ptshp
Entity
Mailing address
PO BOX 1386, FERNDALE, CA 95536-1386
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2019
—
Cream City Investments
—
Deed
related
$1,200,000 · Redwood Cap Bk
Apr 26, 2005
—
Cream City Investments
—
Trustees Deed
related
$750,000 · Umpqua Bank
May 14, 1996
—
Cream City Investments Ptshp
Cream City Investments INC
Quit Claim Deed
related
$205,000 · Humboldt Bank
—
—
Cream City Investments
—
Deed Of Trust
related
$1,200,000 · Redwood Cap Bk
—
—
Cream City Investments
—
Deed Of Trust
related
$1,079,000 · Umpqua Bank
—
—
Cream City Investments
—
Deed Of Trust
related
$1,425,000 · Umpqua Bank
—
—
Cream City Investments
—
Deed Of Trust
related
$100,000 · George & Jeannette Nichols
—
—
Cream City Investments
—
Deed Of Trust
related
$360,500 · Humboldt 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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