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Property profile & analytics
OFF-MARKET
Estimated value
$3,275,000
Office Spaces
2 56th Pl 93, Ridgefield, WA 98642-3425
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1470627
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2006
Construction
TYPE NOT SPECIFIED
Total area
19,564 SF
Lot
1.21 ac (52,708 SF)
Zoning code
CRB : RGF
APN
214070-005
UPID
US90-1470627
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
-
Mountain View Dental Dental Office
-
iQ Credit Union Credit Union
-
Edward Jones - Financial Advisor: Marc F Krsul, AAMS® Financial Advisor
-
Karmy Law Office Law Firm
-
Kristin Sorenson, OD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.03M
Comparable Approach
Comparable
$2.77M
Blend (final)
Blend
$3.28M
Owner & transaction history
Jjg Wa LLC · 8 yrs held
Jjg Wa LLC
since 2018
5 recorded transactions
Zoning & alternative use
CRB : RGF · Ridgefield, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.4M
+14.0%
Medical building
$5.3M
+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 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%
$4,365,000
6.5%
$4,025,000
7%
$3,740,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,760,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,425,000
Change: +14% · Conversion: Difficult
MEDICAL BUILDING
$5,250,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,860,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.28M
Range $2.95M – $3.60M · ±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
$167 / 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
$44,189
Tax year 2023
Assessed value
$5,326,100
Assessed 2023
Previous assessed
$4,841,900
+10.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$892,859
Assessed improvement
$4,433,241
Land market value
$892,859
Improvement market value
$4,433,241
Total market value
$5,326,100
Applied tax rate
10,319.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2006
Construction
TYPE NOT SPECIFIED
Heating
OTHER
Stories
2
Total area
19,564 SF
Lot
1.21 ac (52,708 SF)
Zoning code
CRB : RGF
APN
214070-005
UPID
US90-1470627
Jurisdiction
CLARK
Zoning & alternative use
CRB : RGF · Ridgefield, WA
Zoning CRB : RGF · permitted uses
CRB : RGF · 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
COMMERCIAL (GENERAL) Current
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$3.9M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
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
2006
Construction
TYPE NOT SPECIFIED
Heating
OTHER
Stories
2
Lot
1.21 ac
Current owner
From public records · entity-resolved
Jjg Wa LLC
Entity
Mailing address
5655 SILVER CRK VLY RD #620, SAN JOSE, CA 95138-2473
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Feb 16, 2018
$5,500,000
Jjg Wa LLC
Flightpath LLC
Warranty Deed
$4,125,000 · Advantis Cu
Nov 4, 2011
—
Koltur Easton & Flightpath LLC
Fortune Bk
Quit Claim Deed
related
—
Sep 21, 2006
—
City Of Ridgefield St/washington
Flightpath LLC
Warranty Deed
related
—
Jul 14, 2005
—
Flightpath LLC
—
Trustees Deed
related
$2,832,000 · Bank Of Clark County
—
—
Flightpath LLC
—
Deed Of Trust
related
$3,131,250 · Iq Cu
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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