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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Distribution properties
Labounty Dr Ferndale, WA 98248
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-3007702
Property profile
Verified
Property type
Distribution properties
Use group
COM AUTO TRANS/STORAGE
Lot
0.62 ac (27,007 SF)
Zoning code
GB
APN
390228 149060 0000
UPID
US90-3007702
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
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$575k
Owner & transaction history
5330 Labounty LLC · 1 yrs held
5330 Labounty LLC
since 2024
Last sale
$575,000
5 recorded transactions
Zoning & alternative use
GB · Ferndale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The zone is intended as a primary center for business activities, and uses exclusively focused on storage are discouraged, for commercial establishments which require a retail contact with the public together with professional offices, incidental shop work, limited storage and warehousing, or light manufacturing and extensive outdoor storage and display, as…
Zone name
General Business
General category
INDUSTRIAL
Zone area
508.66 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
$575,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $575k (Sep 12 2024)
Last sale anchor
$575k
Sep 12 2024
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
$1,098
Tax year 2024
Assessed value
$157,991
Assessed 2023
Previous assessed
$87,773
+80.0% YoY
Effective rate
0.69%
On assessed value
Assessed land
$157,991
Land market value
$157,991
Total market value
$157,991
Applied tax rate
200.0000
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
Distribution properties
Use group
COM AUTO TRANS/STORAGE
Status
Off-Market
Heating
NONE
Lot
0.62 ac (27,007 SF)
Zoning code
GB
APN
390228 149060 0000
UPID
US90-3007702
Jurisdiction
WHATCOM
Zoning & alternative use
GB · Ferndale, WAZoning GB · permitted uses
GB · Ferndale, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The zone is intended as a primary center for business activities, and uses exclusively focused on storage are discouraged, for commercial establishments which require a retail contact with the public together with professional offices, incidental shop work, limited storage and warehousing, or light manufacturing and extensive outdoor storage and display, as well as retail uses with similar requirements
Zone name
General Business
General category
INDUSTRIAL
Zone area
508.66 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.62 ac
Current owner
From public records · entity-resolved
5330 Labounty LLC
Entity
Mailing address
PO BOX 532, BELLINGHAM, WA 98227-0532
Ownership since
2024
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 12, 2024
—
5330 Labounty LLC
Gregory C Grant
Quit Claim Deed
related
—
—
—
Gregory C Grant
—
Deed Of Trust
related
$65,000 · Whidbey Island Bank
—
—
Gregory C Grant
—
Deed Of Trust
related
$1,100,000 · Whidbey Island Bank
—
—
Gregory C Grant
—
Deed Of Trust
related
$400,000 · Whidbey Island Bank
—
—
Gregory C Grant
—
Deed Of Trust
related
$54,000 · Whidbey Island 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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