Renovated Live-Work
For Sale
$645,000
2311 SW 6th Ave #19, Camas, WA 98607
Neighborhood Commercial zoning supports a range of commercial uses in a renovated owner-user property.
Property Size2,398 SF
Days on Market216
Property Features for 2311 SW 6th Ave #19
General Information
Standard status
Active
Size
2,398 SF
Total Parking Spaces
2
Property subtype
Commercial
Zoning
NC
Taxes and HOA fees
Annual Taxes
$4,832
Building Details
Building Size
2,398 SF
Year Built
1949
Stories
2
Listing Agency:
Keller Williams Realty
(503) 705-0908
Listed By:
John Livingston Bullier · License #201214337
(503) 705-0908
Source:
Metanars
Added: Jan 7
Changed: Aug 11
Last Checked: Aug 11 at 8:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
Investment Insights
Based on property information with market context.
Located at 2311 SW 6th Ave #19 in Camas, WA, this live-work property was built in 1949 and has undergone extensive renovation. The improvements include new electrical, plumbing, HVAC, roofing, and windows, providing a substantially updated physical package for an owner-user or commercial occupant.
The property carries Neighborhood Commercial zoning, identified as NC, and is situated in Camas. An adjoining 0.20-acre lot is also available for acquisition, providing an option for additional land associated with the property.
The property carries Neighborhood Commercial zoning, identified as NC, and is situated in Camas. An adjoining 0.20-acre lot is also available for acquisition, providing an option for additional land associated with the property.
Key Highlights
- Renovated live‑work property in Camas, WA
- NC Neighborhood Commercial zoning
- New electrical, plumbing, HVAC, roof, and windows
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,086
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$641,720
$641.7K
Cap Rate 7%
$458,371
$458.4K
Cap Rate 9%
$356,511
$356.5K
Market Conditions
NOI Build-Up for 2,398 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$55.2K $23.04/SF
− Vacancy
−$3.9K −$1.63/SF
EGI
$51.3K $21.41/SF
− OpEx
−$19.3K −$8.03/SF
NOI
$32.1K $13.38/SF
Area
Clark County, WA
Vacancy
7.08%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$641,720
Cap Rate 7%
$458,371
Cap Rate 9%
$356,511
Alternative Uses
Best Use
Mixed Use
$458.4K
$401.1K – $534.8K
NOI $32,086 @ 7.0% cap · market cap 4.97%
Second Best
Office B
$452.3K
$395.8K – $527.7K
NOI $31,662 @ 7.0% cap · market cap 4.91%
Theoretical Best
Specialty Retail
$584.2K
$511.2K – $681.6K
NOI $40,895 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Explore this area
Business Placement
Demographics for 98607, WA
35,054
Population
12,667
Households
2.8
Avg Household Size
40
Median Age
53%
College-Educated
96%
High-School Grad
47.6 sq mi
ZIP Area
736
Density / Sq Mi
$132,234
Median Household Income
$64,422
Median Earnings
$1,854
Median Rent
$648,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Neighborhood Commercial zoning supports a range of commercial uses in a renovated owner-user property.
Where is this live-work space located?
The property is located at 2311 SW 6th Ave #19 Camas, WA.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Renovated live‑work property in Camas, WA; NC Neighborhood Commercial zoning; New electrical, plumbing, HVAC, roof, and windows
