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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Medical Office Space
2016 3rd Ave 1 Camas, WA 98607-1705
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0274248
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1926
Construction
WOOD
Total area
2,445 SF
Lot
0.48 ac (20,909 SF)
Zoning code
RC : CAM
APN
087500-000
UPID
US90-0274248
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
-
Riverside Dental Dental Office
-
Baldwin Debbie Dental Office
-
Eric Messinger Dental Office
-
Dr. Jennifer Hough Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
$440k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$520k
Owner & transaction history
2016 Ne 3rd LLC · 6 yrs held
2016 Ne 3rd LLC
since 2020
Last sale
$495,000
7 recorded transactions
Zoning & alternative use
RC : CAM · Camas, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$760,000
+15.8%
Neighborhood: shopping center
$680,000
+3.4%
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
$615,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
$480,000
6.5%
$440,000
7%
$410,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$655,000
Current use
RETAIL STORES
$760,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$680,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$595,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $495k (Jun 5 2020)
Last sale anchor
$495k
Jun 5 2020
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
$213 / 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
$6,042
Tax year 2023
Assessed value
$681,500
Assessed 2023
Previous assessed
$592,600
+15.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$321,228
Assessed improvement
$360,272
Land market value
$321,228
Improvement market value
$360,272
Total market value
$681,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1926
Construction
WOOD
Heating
HEAT PUMP
Buildings
2
Stories
1
Bathrooms
1
Total area
2,445 SF
Lot
0.48 ac (20,909 SF)
Zoning code
RC : CAM
APN
087500-000
UPID
US90-0274248
Jurisdiction
CLARK
Zoning & alternative use
RC : CAM · Camas, WA
Zoning RC : CAM · permitted uses
RC : CAM · 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
MEDICAL BUILDING Current
Est. value
$655,000
RETAIL STORES
Est. value
$760,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$680,000
COMMERCIAL (GENERAL)
Est. value
$595,000
MEDICAL BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (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
1926
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Buildings
2
Bathrooms
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
2016 Ne 3rd LLC
Entity
Mailing address
2016 NE 3RD AVE, CAMAS, WA 98607-1705
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2020
$495,000
2016 Ne 3rd LLC
Epjlm LLC
Warranty Deed
$396,000 · Epjlm LLC
Feb 28, 2003
$73,343
A & M Homes LLC
Washougal Developers LLC
Grant Deed
$339,900 · Riverview Community Bank
Oct 7, 1999
$227,781
Epjlm LLC
Young,craig L
Grant Deed
$213,750 · Us Bank
May 9, 1997
$140,000
Craig L Young
Comstock,lisa A
Grant Deed
$98,000 · Pacific Thrift & Loan Co
Jun 7, 1990
$57,000
Lisa A Comstock
Unknown
Grant Deed
—
—
—
Epjlm LLC
—
Deed Of Trust
related
$293,000 · Us Bank NA
—
—
Lisa A Comstock
—
Deed Of Trust
related
$61,500 · Washington Mutual Fsb
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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