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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Warehouses
18506 10th Ave Ridgefield, WA 98642-5514
Entity Owned
5-yr Hold
Absentee Owner
Property ID
US90-0762500
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2023
Construction
CONCRETE
Total area
9,097 SF
Lot
4.07 ac (177,289 SF)
Zoning code
IL : CLK
APN
116820-000
UPID
US90-0762500
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
by Request
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.05M
Owner & transaction history
Able Fence Property Holdings LLC · 5 yrs held
Able Fence Property Holdings LLC
since 2020
4 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,510,000
6.5%
$1,395,000
7%
$1,295,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,110,000
Current use
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±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
$115 / 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
$16,821
Tax year 2023
Assessed value
$1,890,200
Assessed 2023
Previous assessed
$778,476
+142.8% YoY
Effective rate
0.89%
On assessed value
Assessed land
$955,512
Assessed improvement
$934,688
Land market value
$955,512
Improvement market value
$934,688
Total market value
$1,890,200
Applied tax rate
10,332.0000
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
2023
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
3
Stories
1
Bathrooms
3
Total area
9,097 SF
Lot
4.07 ac (177,289 SF)
Zoning code
IL : CLK
APN
116820-000
UPID
US90-0762500
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
$1.1M
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
2023
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
3
Bathrooms
3
Lot
4.07 ac
Current owner
From public records · entity-resolved
Able Fence Property Holdings LLC
Entity
Mailing address
6612 NE ST JOHNS RD, VANCOUVER, WA 98661-1231
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2023
—
Able Fence Property Holdings LLC
—
Deed
related
$1,800,000 · Jpmorgan Chase Bank NA
Aug 31, 2022
—
Able Fence Property Holdings LLC
—
Deed
related
$1,200,000 · Jpmorgan Chase Bank NA
Jul 28, 2020
$850,000
Able Fence Property Holdings LLC
Pr2 Properties LLC
Warranty Deed
$400,000 · Jpmorgan Chase Bank NA
Oct 11, 2016
$575,000
Pr2 Properties LLC
Seim,norman A
Warranty Deed
—
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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