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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Office Spaces
403 5th Ave, Camas, WA 98607-2045
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0598779
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1938
Construction
WOOD
Total area
4,544 SF
Lot
0.11 ac (5,000 SF)
Zoning code
DC : CAM
APN
079120-000
UPID
US90-0598779
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
-
Donna Roberts Group Real Estate Agency
-
SemaConnect Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.26M
CAP Approach
CAP
$935k
Comparable Approach
Comparable
$745k
Blend (final)
Blend
$1.22M
Owner & transaction history
Drg Adeline Properties LLC · 3 yrs held
Drg Adeline Properties LLC
since 2022
Last sale
$1.4M
5 recorded transactions
Zoning & alternative use
DC : CAM · Camas, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+27.7%
Neighborhood: shopping center
$1.3M
+14.0%
Medical building
$1.2M
+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
$1,205,000
ML approach
$1,260,000
CAP Approach
CAP Return
Estimation
6%
$1,015,000
6.5%
$935,000
7%
$870,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,105,000
Current use
RETAIL STORES
$1,410,000
Change: +28% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,260,000
Change: +14% · Conversion: Difficult
MEDICAL BUILDING
$1,220,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$895,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±10% · vs last sale $1.35M (Aug 15 2022)
Last sale anchor
$1.35M
Aug 15 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
$268 / 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
$4,115
Tax year 2023
Assessed value
$463,700
Assessed 2023
Previous assessed
$389,180
+19.1% YoY
Effective rate
0.89%
On assessed value
Assessed land
$102,465
Assessed improvement
$361,235
Land market value
$102,465
Improvement market value
$361,235
Total market value
$463,700
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1938
Construction
WOOD
Heating
OTHER
Cooling
CENTRAL
Stories
1
Total area
4,544 SF
Lot
0.11 ac (5,000 SF)
Zoning code
DC : CAM
APN
079120-000
UPID
US90-0598779
Jurisdiction
CLARK
Zoning & alternative use
DC : CAM · Camas, WA
Zoning DC : CAM · permitted uses
DC : 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
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$895,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1938
Construction
WOOD
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Drg Adeline Properties LLC
Entity
Mailing address
403 NE 5TH AVE, CAMAS, WA 98607-2045
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2022
$1,350,000
Drg Adeline Properties LLC
Fischer Investment Properties LLC
Contract Sale
$975,000 · Fischer Investment Properties LLC
Mar 15, 2017
—
Fischer Investment Properties LLC
—
Deed
related
$380,000 · First Citizens Bank & Trust Co
Dec 12, 2013
$440,000
Fischer Investment Properties LLC
Lacamas Community Credit Union
Warranty Deed
$220,000 · Us Bank NA
Dec 10, 1993
$148,877
Gentra Capital Corp
Unknown
Grant Deed
related
—
—
—
Fischer Investment Props LLC
—
Deed Of Trust
related
$184,000 · Northwest Busn Dev Assn
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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