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    192Nd Ave Camas, WA 98607
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    192Nd Ave, Camas, WA 98607

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    • Retirement homes
    • 2.84 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retirement homes

    Property Details for 0 192Nd Ave

    Lot size
    2.84 lot acres
    Property type
    Retirement homes
    Property subtype
    Land

    Description

    Exceptional 2.84-acre development site in Vancouver, WA, proposed for a 121-unit senior living community. Located within the master-planned HQ Vancouver mixed-use community, this parcel offers up to 75 feet of building height, providing ample space for a high-quality senior care facility. The project is situated in a vibrant community designed for sustainable living, incorporating natural materials and energy-efficient features. Residents will enjoy access to walking trails, public spaces, and stunning views of Mount Hood and the Columbia River. Vancouver, WA boasts a moderate climate, excellent access to major transportation routes (Interstates 5 and 205), and proximity to the Pacific Coast, Cascade Mountain Range, and numerous national parks. This prime location offers seniors an exceptional quality of life, strong community connections, and abundant opportunities for outdoor recreation. The city's amenities and accessibility make it an ideal retirement destination, attractive to both residents and their families. This development presents a unique opportunity to create a thriving senior living community in a desirable and convenient location. The site's size and zoning regulations allow for a substantial and impactful development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Camas
    County
    Clark
    State
    Washington
    Longitude
    -122.476
    Latitude
    45.6029

    Comparable in this City

    • Value Estimation
      $3,005,000
      41,572 SF

      740 Dallas St, Unit 274HJ

      HOMES (RETIRED, NURSING)
      740 Dallas St, Camas, WA 98607-2058
      View Details
    • Value Estimation
      $1,220,000
      10,150 SF

      2213 23rd Ave

      HOMES (RETIRED, NURSING)
      2213 23rd Ave, Camas, WA 98607-9300
      View Details
    • Value Estimation by Request
      0.06 Acres

      Camas, WA 98607

      HOMES (RETIRED, NURSING)
      Camas, WA 98607
      View Details
    • Value Estimation
      $1,655,000
      20,187 SF

      3401 Lk Rd, Unit 4

      HOMES (RETIRED, NURSING)
      3401 Lk Rd, Camas, WA 98607-7758
      View Details
    • Value Estimation
      $1,515,000
      24,036 SF

      2647 Kent St

      HOMES (RETIRED, NURSING)
      2647 Kent St, Camas, WA 98607-9026
      View Details
    • Value Estimation
      $1,225,000
      4,709 SF

      1722 8th Ave, Unit 1

      HOMES (RETIRED, NURSING)
      1722 8th Ave, Camas, WA 98607-2614
      View Details

    Similar Nearby for Sale

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      Turn-Key 4-Plex Residential Property

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    • $575,000
      0.22 Acres

      Camas Land Opportunity

      Homesite in a planned luxury community, design your dream home.
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    • New
      $450,000
      5.48 Acres

      Camas Land with Mountain Views

      5.48 acre lot with territorial and mountain views.
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      Camas Land Opportunity

      Homesite in a thoughtfully planned luxury community in Camas.
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    Similar Nearby for Lease

    • $19 SF/Yr

      Camas Flex Office Space

      Two-story flex/office space in Camas Meadows Business Park.
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    • Contact for pricing

      Office Space in Columbia Palisades

      Office space for lease in a luxury lifestyle community.
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    • $50 SF/Yr

      Prime Retail Space Available

      Class-A retail spaces in a high-visibility, rapidly developing area.
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      View Details
    • Sponsored
      Contact for pricing

      192nd Avenue

      Discover many ways to work your way in 192nd Avenue
      2005 192Nd Ave, Camas, WA 98607
      View Details
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    Camas, WA 98607
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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