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    Property profile & analytics

    1735 192nd Ave Camas, WA 98607-7411

    • Strip malls
    • 10,485 SF
    • 0.64 lot acres
    OFF-MARKET
    Value Estimations
    $2,300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1796685
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by 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

    Property Details for 1735 192nd Ave

    Year built
    2012
    Lot size
    0.64 lot acres
    Property size
    10,485 SF
    Zone code
    CC : VAN
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    986029-206
    APU
    986029206

    Value Estimations

    based on Realmo’s proprietary methodology

    • 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

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Camas
    County
    Clark
    State
    Washington
    Longitude
    -122.475
    Latitude
    45.6093
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $44,458
    $599,484
    $4,060,016
    $4,659,500
    -
    $599,484
    $4,060,016
    $4,659,500

    Comparable in this City

    • Value Estimation
      $8,985,000
      75,360 SF

      3264 3rd Ave, Unit 2

      SHOPPING CENTER, STRIP CENTER • 75,360 SF
      3264 3rd Ave, Camas, WA 98607-2408
      View Details
    • Value Estimation
      $9,650,000
      6,200 SF

      2011 192nd Ave

      SHOPPING CENTER, STRIP CENTER • 6,200 SF
      2011 192nd Ave, Camas, WA 98607-7476
      View Details
    • Value Estimation
      $5,530,000
      26,185 SF

      1905 192nd Ave

      SHOPPING CENTER, STRIP CENTER • 26,185 SF
      1905 192nd Ave, Camas, WA 98607-7415
      View Details
    • Value Estimation
      $5,155,000
      36,973 SF

      3517 2nd Ave

      SHOPPING CENTER, STRIP CENTER • 36,973 SF
      3517 2nd Ave, Camas, WA 98607-2406
      View Details
    • Value Estimation
      $9,650,000
      28,868 SF

      2005 192nd Ave

      SHOPPING CENTER, STRIP CENTER • 28,868 SF
      2005 192nd Ave, Camas, WA 98607-7475
      View Details
    • Value Estimation by Request
      0.26 Acres

      Camas, WA 98607

      PARKING LOT • 0.26 Acres
      Camas, WA 98607
      View Details

    Similar Nearby for Sale

    • $6,000,000

      Camas Shopping Center For Sale

      38,850 SF shopping center on 2.44 acres in Camas, WA.
      3504-3536 NE 3Rd Ave, Camas, WA 98607
      View Details
    • New
      $299,000
      0.20 Acres

      Camas Land Parcel For Sale

      0.20 acre parcel near downtown Camas and HWY-14.
      2311 SW 6Th Ave, Camas, WA 98607
      View Details
    • New
      $500,000
      5.32 Acres

      Camas View Parcel For Sale

      5.32 acre view parcel ready for your dream home.
      NE Hancock Rd, Camas, WA 98607
      View Details
    • $575,000
      5.02 Acres

      Camas Land with Mountain Views

      5-acre parcels with Mt. Hood views, ready for custom homes.
      NE 48Th Way, Camas, WA 98607
      View Details
    • $425,000
      6.00 Acres

      Camas Acreage Dream Estate

      Six-acre property in Camas, ready for your dream estate.
      32218 NE 86Th St, Camas, WA 98607
      View Details
    • New
      $280,000
      0.23 Acres

      Ready-to-Build Camas Duplex Lot

      Vacant 0.23-acre lot with approved duplex plans.
      652 SW Valley St, Camas, WA 98607
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      25,193 SF

      Camas Retail Center - 25,000 SF

      Prime Camas retail space, multiple units available.
      1905 192Nd Ave, Camas, WA 98607
      View Details
    • Contact for pricing
      2,000 SF

      Camas Retail Space: Prime Location

      High-visibility retail space in Camas, WA.
      1605 6Th Ave, Camas, WA 98607
      View Details
    • $50 SF/Yr
      18,000 SF

      The Vantage Retail: Camas, WA

      Class A Retail Space, New Development
      19530 Brady Rd, Camas, WA 98607
      View Details
    • $50 SF/Yr

      Prime Retail Space Available

      Class-A retail spaces in a high-visibility, rapidly developing area.
      19530 SE Brady Rd, Camas, WA 98607
      View Details
    • $17 SF/Yr
      204,800 SF

      Prime Camas Office/Warehouse Space

      17,000 SF Available, Flexible Layout
      4275 Pacific Rim Blvd, Camas, WA 98607
      View Details
    • $27 SF/Yr

      Downtown Camas Office Space Available

      Office space for rent in downtown Camas, Washington.
      222 NE Everett St, Camas, WA 98607
      View Details
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    Camas, WA 98607-7411
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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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