Building Details

Year Built 1965

Listing Agency: Fuller Group

Listed By: Scott Higgins · License #WA

Source: Crexi

Added: Aug 18 Changed: Oct 9 Last Checked: Oct 12 at 6:06PM

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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 Fuller Group

Investment Insights

Based on property information with market context.

This mixed-use property at 612 NE 2nd Ave in Camas, Washington, carries Mixed Use zoning and was built in 1965. The property is identified for commercial, residential, or mixed-use consideration, offering a range of potential positioning consistent with its zoning designation.

Key Highlights

• Mixed Use zoning
• Located at 612 NE 2nd Ave, Camas, WA 98607
• Built in 1965

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,619

Cap Rate

3.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$332,380 $332.4K

Cap Rate 7%

$237,414 $237.4K

Cap Rate 9%

$184,656 $184.7K

Market Conditions

NOI Build-Up for 1,242 SF

Gross rent

$28.6K $23.04/SF

− Vacancy

−$2.0K −$1.63/SF

EGI

$26.6K $21.41/SF

− OpEx

−$10.0K −$8.03/SF

NOI

$16.6K $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 Rate 5%

$332,380

Cap Rate 7%

$237,414

Cap Rate 9%

$184,656

Alternative Uses

Best Use

Mixed Use

$237.4K

$207.7K – $277.0K (±1% cap)

NOI $16,619 @ 7.0% cap · market cap 3.43%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$302.6K

$264.8K – $353.0K (±1% cap)

NOI $21,181 @ 7.0% cap · market cap 4.37%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Storage Facility (Bike/Boat/Book/etc) Store Computer & Electronic Repair Grocery & Convenience Store Furniture & Home Goods Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

720

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

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Mixed Use zoning supports a flexible commercial property profile in downtown Camas.

Where is this mixed-use property located?

The property is located at 612 NE 2nd Ave Camas, WA.

What is the asking price?

The asking price for this property is $485,000.

What are key features of this property?

This property features: Mixed Use zoning; Located at 612 NE 2nd Ave, Camas, WA 98607; Built in 1965