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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Retail space
1908 1st Way Battle Ground, WA 98604-4559
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0372695
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,946 SF
Lot
0.63 ac (27,443 SF)
Zoning code
RC : BAG
APN
091050-169
UPID
US90-0372695
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
-
Daybreak Dental Dental Office
-
Edward Jones - Financial Advisor: Matt Henderson Financial Advisor
-
Edward Jones - Financial Advisor: Josh Cobun, CFP®|AAMS™|CRPC™|CRPS™ Financial Advisor
-
Sage Native Wellness + Massage Alternative Medicine Practice Spa & Massage Center
-
Hearing by Design Hearing Aid Store Audiologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
$1.29M
Comparable Approach
Comparable
$786k
Blend (final)
Blend
$1.18M
Owner & transaction history
Formosensis Ventures LLC · 4 yrs held
Formosensis Ventures LLC
since 2022
Last sale
$1.2M
3 recorded transactions
Zoning & alternative use
RC : BAG · Battle Ground, 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 Battle Ground submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Battle Ground 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
$1,070,000
ML approach
$1,105,000
CAP Approach
CAP Return
Estimation
6%
$1,395,000
6.5%
$1,290,000
7%
$1,195,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,925,000
Change: -11% · Conversion: Moderate
MEDICAL BUILDING
$1,865,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10% · vs last sale $1.20M (Mar 28 2022)
Last sale anchor
$1.20M
Mar 28 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
$169 / 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
$11,306
Tax year 2023
Assessed value
$1,581,100
Assessed 2023
Previous assessed
$1,437,400
+10.0% YoY
Effective rate
0.72%
On assessed value
Assessed land
$498,036
Assessed improvement
$1,083,064
Land market value
$498,036
Improvement market value
$1,083,064
Total market value
$1,581,100
Applied tax rate
10,240.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
1
Total area
6,946 SF
Lot
0.63 ac (27,443 SF)
Zoning code
RC : BAG
APN
091050-169
UPID
US90-0372695
Jurisdiction
CLARK
Zoning & alternative use
RC : BAG · Battle Ground, WA
Zoning RC : BAG · permitted uses
RC : BAG · Battle Ground, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Battle Ground. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Formosensis Ventures LLC
Entity
Mailing address
1908 NW 1ST WAY, BATTLE GROUND, WA 98604-4559
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2022
$1,200,000
Formosensis Ventures LLC
Peoples Community Federal Credit Un
Special Warranty Deed
$1,140,000 · Heritage Southeast Bank
Dec 7, 2004
$1,500,000
Peoples Community FCU
County Properties East LLC
Warranty Deed
related
—
Feb 27, 2004
$121,382
County Properties East LLC
Peoples Community Cu
Grant Deed
related
—
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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