New search
Property profile & analytics
OFF-MARKET
Estimated value
$7,650,000
Hotels
121 2nd St, Washougal, WA 98671-2109
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0250140
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2009
Construction
WOOD
Total area
48,352 SF
Lot
0.58 ac (25,265 SF)
Zoning code
CH : WAS
APN
073139-012
UPID
US90-0250140
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
-
Best Western Plus Port Of Camas-Washougal Convention Center Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.65M
Owner & transaction history
Singh Balraj · 2 yrs held
Singh Balraj
since 2024
Last sale
$7.7M
7 recorded transactions
Zoning & alternative use
CH : WAS · Washougal, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.8M
+233.0%
Retail stores
$6.5M
+216.8%
Restaurant
$6.1M
+194.6%
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 Washougal submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Washougal 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
$7,650,000
ML approach
$7,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,845,000
Change: +233% · Conversion: Difficult
RETAIL STORES
$6,510,000
Change: +217% · Conversion: Difficult
RESTAURANT
$6,055,000
Change: +195% · Conversion: Difficult
MEDICAL BUILDING
$5,140,000
Change: +150% · Conversion: Difficult
Blend value · Realmo final
$7.65M
Range $6.89M – $8.42M · ±10% · vs last sale $7.65M (Apr 2 2024)
Last sale anchor
$7.65M
Apr 2 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
$158 / SF
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 2023Property tax & assessments
Tax year 2023
Tax billed
$59,594
Tax year 2023
Assessed value
$6,589,200
Assessed 2023
Previous assessed
$6,589,200
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$498,537
Assessed improvement
$6,090,663
Land market value
$498,537
Improvement market value
$6,090,663
Total market value
$6,589,200
Applied tax rate
10,111.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2009
Construction
WOOD
Heating
OTHER
Cooling
CENTRAL
Stories
4
Total area
48,352 SF
Lot
0.58 ac (25,265 SF)
Zoning code
CH : WAS
APN
073139-012
UPID
US90-0250140
Jurisdiction
CLARK
Zoning & alternative use
CH : WAS · Washougal, WA
Zoning CH : WAS · permitted uses
CH : WAS · Washougal, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Washougal. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$6.8M
RETAIL STORES
Est. value
$6.5M
RESTAURANT
Est. value
$6.1M
MEDICAL BUILDING
Est. value
$5.1M
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2009
Construction
WOOD
Heating
OTHER
Cooling
Yes
Stories
4
Lot
0.58 ac
Current owner
From public records · entity-resolved
Singh Balraj
Individual
Free & Clear · 2 yrs held
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2024
—
Singh Balraj
Washouga Hospitality LLC
Quit Claim Deed
related
—
Sep 16, 2016
—
Washougal Hospitality LLC
—
Deed
related
$3,867,500 · Riverview Cmnty Bk
Sep 1, 2016
$7,650,000
Washougal Hospitality LLC
Shree Bhagya Laxmi LLC
Warranty Deed
$5,355,000 · Riverview Community Bank
May 16, 2008
—
Shree Bhagya Laxmi LLC
—
Trustees Deed
related
$4,500,000 · Bank Of Astoria
Oct 12, 2007
$751,000
Shree Bhagya Laxmi LLC
Espinoza,victor
Warranty Deed
—
May 19, 2004
$1,600,000
Victor Espinosa
Killian,george & Elaine
Grant Deed
$1,200,000 · Investment Property Exchange
Apr 26, 2001
$928,315
Timothy B Iszley
Killian,george H & Elaine A
Grant Deed
$700,000 · Investment Property Exchange
May 22, 1998
—
George H Killian
Camas-washougal,port Of Camas-wa
Quit Claim Deed
related
$184,000 · Bank Of Vancouver
Jul 15, 1994
$165,000
Port Of Camas-washougal
Chief Char Enter
Grant Deed
—
—
—
Shree Bhagya Laxmi LLC
—
Deed Of Trust
related
$4,200,000 · Riverview Cmnty Bk
—
—
Washougal Hospitality LLC
—
Deed Of Trust
related
$3,867,500 · Riverview Cmnty Bk
—
—
Timothy B Iszley
—
Deed Of Trust
related
$450,000 · Northwest International 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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