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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Warehouses
15812 10th Ave 10 Ridgefield, WA 98642-5727
Entity Owned
17-yr Hold
Property ID
US90-3109806
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1985
Construction
CONCRETE
Total area
6,570 SF
Lot
1.64 ac (71,438 SF)
Zoning code
IL : CLK
APN
185407-000
UPID
US90-3109806
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
-
IMCO Inc. Industrial Manufacturer Production Facility
-
Over & Under International Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$360k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$569k
Blend (final)
Blend
$525k
Owner & transaction history
Gillingham Properties LLC · 17 yrs held
Gillingham Properties LLC
since 2008
7 recorded transactions
Zoning & alternative use
IL : CLK · Ridgefield, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Ridgefield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ridgefield 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
by Request
ML approach
$360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$800,000
Current use
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
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
$80 / 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
$6,064
Tax year 2023
Assessed value
$572,700
Assessed 2023
Previous assessed
$425,755
+34.5% YoY
Effective rate
1.06%
On assessed value
Assessed land
$375,100
Assessed improvement
$197,600
Land market value
$375,100
Improvement market value
$197,600
Total market value
$572,700
Applied tax rate
10,030.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
BASEBOARD
Cooling
NONE
Buildings
3
Stories
1
Bathrooms
2
Total area
6,570 SF
Lot
1.64 ac (71,438 SF)
Zoning code
IL : CLK
APN
185407-000
UPID
US90-3109806
Jurisdiction
CLARK
Zoning & alternative use
IL : CLK · Ridgefield, WA
Zoning IL : CLK · permitted uses
IL : CLK · Ridgefield, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ridgefield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$800,000
WAREHOUSE, STORAGE Current
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
1985
Construction
CONCRETE
Heating
BASEBOARD
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
2
Lot
1.64 ac
Current owner
From public records · entity-resolved
Gillingham Properties LLC
Entity
Mailing address
15812 NE 10TH AVE, RIDGEFIELD, WA 98642-5727
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2008
$1,000,000
Gillingham Properties LLC
Ackerman,brad
Warranty Deed
$564,500 · Regents Bank
Aug 7, 2003
$503,000
Brad Ackerman
Kinman,james E & Tamara R
—
—
Mar 27, 1997
$187,000
James E Kinman
Wagner,jessie A
Grant Deed
$127,450 · Seller
—
—
Tamara R Kinman
—
Deed Of Trust
related
$150,000 · West Coast Bank
—
—
James E Kinman
—
Deed Of Trust
related
$150,000 · Cowlitz Bank
—
—
Brad Ackerman
—
Deed Of Trust
related
$203,000 · James E & Tamara R Kinman
—
—
Brad Ackerman
—
Deed Of Trust
related
$320,000 · Town Center Bank
—
—
Gillingham Properties LLC
—
Deed Of Trust
related
$465,000 · Northwest Busn Dev Assn
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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