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Property profile & analytics
FOR SALE
Retail space
1283 Elger Bay Rd Camano Island, WA 98282
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1018045
For Sale
1 / 32
$1,365,000
1283 Elger Bay Rd, Camano Island, WA 98282
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1968
Total area
3,672 SF
Lot
0.83 ac (36,155 SF)
Zoning code
50
APN
R33119-421-1560
UPID
US90-1018045
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
$1.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$920k
Owner & transaction history
Camano Island Health System LLC · 5 yrs held
Camano Island Health System LLC
since 2021
Last sale
$760,000
7 recorded transactions
Zoning & alternative use
50 · Camano Island, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+4.6%
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 Camano Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Camano Island 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
$1,135,000
ML approach
$1,090,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$960,000
Current use
COMMERCIAL (GENERAL)
$1,005,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $760k (Apr 17 2020)
Last sale anchor
$760k
Apr 17 2020
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
$251 / 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
Property tax & assessments
Assessed value
$792,128
Assessed 2023
Previous assessed
$662,256
+19.6% YoY
Assessed land
$280,000
Assessed improvement
$512,128
Land market value
$280,000
Improvement market value
$512,128
Total market value
$792,128
Applied tax rate
510.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1968
Heating
BASEBOARD
Cooling
YES
Stories
2
Rooms
1
Total area
3,672 SF
Lot
0.83 ac (36,155 SF)
Zoning code
50
APN
R33119-421-1560
UPID
US90-1018045
Jurisdiction
ISLAND
Zoning & alternative use
50 · Camano Island, WA
Zoning 50 · permitted uses
50 · Camano Island, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Camano Island. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$960,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1968
Heating
BASEBOARD
Cooling
Yes
Stories
2
Rooms
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Camano Island Health System LLC
Entity
Mailing address
2110 GULL WAY, CAMANO ISLAND, WA 98282-7019
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2024
—
Ssbc LLC
—
Deed
related
$226,000 · Kitsap Bank
Mar 24, 2021
—
Camano Island Health System LLC
Ssbc LLC
Lease
$374,000 · Evergreen Business Capital
Jan 14, 2021
—
Ssbc LLC
—
Deed
related
$513,769 · Kitsap Bk
Jan 12, 2021
—
Ssbc LLC
—
Deed
related
$360,885 · Kitsap Bk
Apr 17, 2020
$760,000
Ssbc LLC
Heagle 3 LLC
Warranty Deed
$500,000 · Kitsap Bank
Jan 29, 2016
—
Heagle 3 LLC
Heagle & Olson 3 LLC
Quit Claim Deed
related
$588,750 · Bank Of The West
Nov 2, 2007
$800,000
Heagle & Olson No 3 LLC
Lien,jay T
Warranty Deed
$680,000 · Jay T Lien
—
—
Ssbc LLC
—
Loan Modification
related
$513,769 · Kitsap Bk
—
—
Ssbc LLC
—
Loan Modification
related
$360,885 · Kitsap Bk
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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