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Property profile & analytics
OFF-MARKET
Estimated value
$2,300,000
Strip malls
1735 192nd Ave Camas, WA 98607-7411
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1796685
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2012
Total area
10,485 SF
Lot
0.64 ac (27,878 SF)
Zoning code
CC : VAN
APN
986029-206
UPID
US90-1796685
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
-
LeO Nails & Organic Spa Nail Salon
-
Luo Lan Massage & Facial Alternative Medicine Practice Spa & Massage Center
-
Los Potrillos Mexican Restaurant & Bar Restaurant
-
Camas Mio Sushi Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.75M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.30M
Owner & transaction history
Langer Orchards LLC · 9 yrs held
Langer Orchards LLC
since 2017
7 recorded transactions
Zoning & alternative use
CC : VAN · Camas, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Camas Maps | Camas WA
Top alternative use upside
Retail stores
$3.3M
+12.0%
Restaurant
$3.1M
+7.6%
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 Camas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Camas 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,980,000
6.5%
$2,750,000
7%
$2,555,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,910,000
Current use
RETAIL STORES
$3,255,000
Change: +12% · Conversion: Easy
RESTAURANT
$3,130,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$2,815,000
Change: -3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,550,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$2.30M
Range $2.07M – $2.53M · ±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
$219 / 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
$44,458
Tax year 2023
Assessed value
$4,659,500
Assessed 2023
Previous assessed
$4,051,700
+15.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$599,484
Assessed improvement
$4,060,016
Land market value
$599,484
Improvement market value
$4,060,016
Total market value
$4,659,500
Applied tax rate
10,143.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2012
Heating
OTHER
Total area
10,485 SF
Lot
0.64 ac (27,878 SF)
Zoning code
CC : VAN
APN
986029-206
UPID
US90-1796685
Jurisdiction
CLARK
Zoning & alternative use
CC : VAN · Camas, WAZoning CC : VAN · permitted uses
CC : VAN · Camas, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Camas Maps | Camas WA
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.9M
RETAIL STORES
Est. value
$3.3M
RESTAURANT
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
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
2012
Heating
OTHER
Lot
0.64 ac
Current owner
From public records · entity-resolved
Langer Orchards LLC
Entity
Mailing address
15585 SW TUALATIN SHERWOOD RD, SHERWOOD, OR 97140-8255
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2017
$4,963,933
Langer Orchards LLC
192nd Avenue Station Investors LLC
Warranty Deed
$3,075,506 · Onpoint Community Cu
Jul 24, 2017
$1,000,000
Kd Tbob LLC
Tbob LLC
Grant Deed
—
Oct 3, 2012
—
192nd Stn Holdings North LLC
—
Deed Of Trust
related
—
Feb 7, 2012
$1,850,000
Tbob LLC
192nd Avenue Stn Invtrs LLC
Grant Deed
related
—
—
—
192nd Avenue Stn Invtrs LLC
—
Deed Of Trust
related
$3,376,000 · Red Canoe Cu
—
—
192nd Avenue Stn Invtrs LLC
—
Deed Of Trust
related
$2,530,000 · Red Canoe Cu
—
—
192nd Avenue Stn Invtrs LLC
—
Deed Of Trust
related
$422,000 · Red Canoe Cu
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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