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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Warehouses
1840 8th Ave Camas, WA 98607-2222
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-3270735
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1999
Construction
STEEL FRAME
Total area
6,000 SF
Lot
0.82 ac (35,719 SF)
Zoning code
LI : CAM
APN
087180-000
UPID
US90-3270735
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
-
VIP Motors NW Auto Parts Store
-
Glenn Kincaid Construction Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
$920k
Comparable Approach
Comparable
$864k
Blend (final)
Blend
$705k
Owner & transaction history
Hit Development LLC · 1 yrs held
Hit Development LLC
since 2025
Last sale
$700,000
5 recorded transactions
Zoning & alternative use
LI : CAM · Camas, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.2M
+59.2%
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
$625,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
$1,000,000
6.5%
$920,000
7%
$855,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$730,000
Current use
INDUSTRIAL (GENERAL)
$1,165,000
Change: +59% · Conversion: Easy
Blend value · Realmo final
$705k
Range $635k – $776k · ±10% · vs last sale $700k (Mar 23 2022)
Last sale anchor
$700k
Mar 23 2022
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
$118 / 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
$6,266
Tax year 2023
Assessed value
$706,800
Assessed 2023
Previous assessed
$614,600
+15.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$476,095
Assessed improvement
$230,705
Land market value
$476,095
Improvement market value
$230,705
Total market value
$706,800
Applied tax rate
10,200.0000
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
1999
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Bathrooms
1
Total area
6,000 SF
Lot
0.82 ac (35,719 SF)
Zoning code
LI : CAM
APN
087180-000
UPID
US90-3270735
Jurisdiction
CLARK
Zoning & alternative use
LI : CAM · Camas, WA
Zoning LI : CAM · permitted uses
LI : CAM · Camas, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Camas. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$730,000
INDUSTRIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE Current
INDUSTRIAL (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
1999
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Bathrooms
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
Hit Development LLC
Entity
Mailing address
13420 SE MEADOWPARK DR, HAPPY VALLEY, OR 97086-5990
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2025
$1,800,000
Hit Development LLC
Se 8th Ave LLC
Warranty Deed
$1,331,250 · Summit Bank
Mar 23, 2022
—
Se 8th Ave LLC
David E Bressel
Intrafamily Transfer
related
—
Apr 29, 2009
—
David E Bressel
Bressel David E Trust
Quit Claim Deed
related
—
Jul 18, 2006
$700,000
Bressel David E Trust
Glenn Kincaid Construction
Warranty Deed
—
Jul 9, 1998
$225,000
Glenn Kincaid Construction
Bennett,roland E & Hisako
Grant Deed
$400,000 · Western Fsb
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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