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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Office Spaces
414 Pioneer St Ridgefield, WA 98642-4512
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US90-0228012
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1945
Construction
WOOD
Total area
4,662 SF
Lot
0.11 ac (4,792 SF)
Zoning code
CMU : RGF
APN
070860-000
UPID
US90-0228012
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
-
Peace Love Braces Dental Office
-
Ridgefield Chiropractic Alternative Medicine Practice
-
Opus School of Music Vocational School Training Center
-
Kara Hileman Real Estate Real Estate Agency
-
Jessie Mohandessi Real Estate, John L. Scott Real Estate Broker Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$764k
Blend (final)
Blend
$560k
Owner & transaction history
Douglas Frank
Douglas Frank
since 2025
5 recorded transactions
Zoning & alternative use
CMU : RGF · Ridgefield, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$920,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$120 / 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
$4,348
Tax year 2023
Assessed value
$522,800
Assessed 2023
Previous assessed
$475,300
+10.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$115,957
Assessed improvement
$406,843
Land market value
$115,957
Improvement market value
$406,843
Total market value
$522,800
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
1945
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
4,662 SF
Lot
0.11 ac (4,792 SF)
Zoning code
CMU : RGF
APN
070860-000
UPID
US90-0228012
Jurisdiction
CLARK
Zoning & alternative use
CMU : RGF · Ridgefield, WA
Zoning CMU : RGF · permitted uses
CMU : 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
AUTO REPAIR, GARAGE
Est. value
$920,000
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
1945
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Douglas Frank
Individual
Mailing address
11866 SW TALLWOOD DR, TIGARD, OR 97223-2034
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Sep 29, 2025
—
Douglas Frank
Douglas Frank
Deed
related
—
Jan 29, 1999
$264,000
Dennis B Frank
Olosn,morall J
Grant Deed
$177,880 · Individual
Apr 24, 1992
$59,000
Morall Olson
Unknown
Grant Deed
—
—
—
Morall Olson
—
Deed Of Trust
related
$50,000 · Aubert Trust
—
—
Morall Olson
—
Deed Of Trust
related
$115,000 · Aubert Trust
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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