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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Warehouses
1910 8th Ave Camas, WA 98607-2255
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0075681
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2004
Construction
STEEL FRAME
Total area
5,000 SF
Lot
0.95 ac (41,382 SF)
Zoning code
LI : CAM
APN
087200-000
UPID
US90-0075681
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
-
Korex Trucking Trucking Company
-
Superior Truck & Trailer Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$765k
Comparable Approach
Comparable
$867k
Blend (final)
Blend
$730k
Owner & transaction history
Mcelroy Property Mgmt LLC · 8 yrs held
Mcelroy Property Mgmt LLC
since 2017
7 recorded transactions
Zoning & alternative use
LI : CAM · Camas, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Camas Maps | Camas WA
Top alternative use upside
Commercial (general)
$1.2M
+99.8%
Auto repair, garage
$985,000
+62.1%
Industrial (general)
$970,000
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$830,000
6.5%
$765,000
7%
$715,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$610,000
Current use
COMMERCIAL (GENERAL)
$1,215,000
Change: +100% · Conversion: Difficult
AUTO REPAIR, GARAGE
$985,000
Change: +62% · Conversion: Easy
INDUSTRIAL (GENERAL)
$970,000
Change: +59% · Conversion: Easy
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$146 / 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
$6,288
Tax year 2023
Assessed value
$709,300
Assessed 2023
Previous assessed
$616,800
+15.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$539,325
Assessed improvement
$169,975
Land market value
$539,325
Improvement market value
$169,975
Total market value
$709,300
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
2004
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
1
Total area
5,000 SF
Lot
0.95 ac (41,382 SF)
Zoning code
LI : CAM
APN
087200-000
UPID
US90-0075681
Jurisdiction
CLARK
Zoning & alternative use
LI : CAM · Camas, WAZoning 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
Source
Camas Maps | Camas WA
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$610,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$985,000
INDUSTRIAL (GENERAL)
Est. value
$970,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2004
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Mcelroy Property Mgmt LLC
Entity
Mailing address
PO BOX 908, CAMAS, WA 98607-0908
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2017
—
Mcelroy Property Mgmt LLC
Mcelroy,michael P & Tricia N
Quit Claim Deed
related
$175,000 · Us Bk
May 27, 2015
—
Mcelroy Property Mgmt LLC
Mcelroy Michael P & Tricia N
Quit Claim Deed
related
—
Dec 20, 2007
—
Michael P Mcelroy
Mcelroy,michael & Tricia
Quit Claim Deed
related
$356,000 · Key Bank & Trust
Apr 28, 2006
—
Johnson Family Trust
Johnson,barbara M
Quit Claim Deed
—
Dec 15, 2004
$2,207
Chex Park II LLC
Mcelroy,michael & Tricia
Quit Claim Deed
related
—
Jun 3, 2004
—
Michael Mcelroy
Johnson,barbara M
Warranty Deed
related
—
Jun 13, 2003
$174,000
Michael P Mcelroy
Johnson,barbara M
—
$174,000 · Barbara M Johnson
—
—
Eugene M Marcotte
—
Deed Of Trust
related
$192,000 · Riverview Savings Bank
—
—
Mcelroy Property Mgmt LLC
—
Deed Of Trust
related
$175,000 · Us Bk
—
—
Michael Mcelroy
—
Deed Of Trust
related
$130,000 · West Coast Bank
—
—
Michael Mcelroy
—
Deed Of Trust
related
$50,000 · West Coast Bank
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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