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Property profile & analytics
OFF-MARKET
Estimated value
$24,605,000
Showrooms
19610 1st St Camas, WA 98607-7472
Entity Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0783626
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2011
Construction
STEEL FRAME
Total area
149,619 SF
Lot
13.94 ac (607,444 SF)
Zoning code
CC : VAN
APN
176159-000
UPID
US90-0783626
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
-
Costco Food Court Restaurant
-
Costco Vision Center Physician
-
Jason Shimata, PharmD Pharmacy
-
The republic of Washington Parking Lot & Garage
-
Costco Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$30.80M
Comparable Approach
Comparable
$25.90M
Blend (final)
Blend
$24.61M
Owner & transaction history
Costco Wholesale Corp · 16 yrs held
Costco Wholesale Corp
since 2010
4 recorded transactions
Zoning & alternative use
CC : VAN · Camas, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$40.1M
+10.3%
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%
$33,365,000
6.5%
$30,800,000
7%
$28,600,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$36,405,000
Current use
MEDICAL BUILDING
$40,140,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$29,530,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$24.61M
Range $22.14M – $27.07M · ±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
$164 / 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
$161,227
Tax year 2023
Assessed value
$16,845,400
Assessed 2023
Previous assessed
$14,648,200
+15.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$8,215,922
Assessed improvement
$8,629,478
Land market value
$8,215,922
Improvement market value
$8,629,478
Total market value
$16,845,400
Applied tax rate
10,179.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2011
Construction
STEEL FRAME
Heating
OTHER
Stories
1
Bathrooms
1
Total area
149,619 SF
Lot
13.94 ac (607,444 SF)
Zoning code
CC : VAN
APN
176159-000
UPID
US90-0783626
Jurisdiction
CLARK
Zoning & alternative use
CC : VAN · Camas, WA
Zoning CC : VAN · permitted uses
CC : VAN · 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
COMMERCIAL (GENERAL) Current
Est. value
$36.4M
MEDICAL BUILDING
Est. value
$40.1M
AUTO REPAIR, GARAGE
Est. value
$29.5M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2011
Construction
STEEL FRAME
Heating
OTHER
Stories
1
Bathrooms
1
Lot
13.94 ac
Current owner
From public records · entity-resolved
Costco Wholesale Corp
Entity
Free & Clear · 16 yrs held
Mailing address
999 LK DR, ISSAQUAH, WA 98027-8990
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
Jun 9, 2010
$7,245,000
Costco Wholesale Corp
Lacamas Northeast LLC
Grant Deed
—
Jul 19, 2007
$6,123,822
Lacamas Northeast LLC
Glad Tidings Church INC
Warranty Deed
$6,400,000 · Steven J Oliva
Dec 17, 2004
$1,500,000
Grantee Lacamas Northeast LLC
May Trust
Warranty Deed
—
Jul 29, 2004
—
City Of Vancouver
Evergreen School District 114
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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