Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    417 2nd Ave Camas, WA 98607-1601
    Property profile & analytics

    417 2nd Ave Camas, WA 98607-1601

    View on Map
    • Office Spaces
    • 1,785 SF
    • 0.11 lot acres
    Off-Market
    Last Sale Sep 29, 2023
    $650,000
    Property ID
    US90-3051305
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $530,000
    Show details
    Cap Rate Potential
    5%
    Office Spaces
    Location Intelligence

    Current Use by Public Records

    • CaVa Food Tours / Food Processing Plant
    • Dr. Evelyn Buschur ND / Alternative Medicine Practice
    • artofmedicineclinic / Medical Clinic
    • Art of Medicine Family Clinic / Physician
    • Raghuram B Bhat, MD / Physician

    Property Details for 417 2nd Ave

    Year built
    1920
    Construction
    STEEL FRAME
    Lot size
    0.11 lot acres
    Property size
    1,785 SF
    Zone code
    DC : CAM
    Property type
    Office Spaces
    APN
    077627-000
    APU
    77627000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $480,000
      ML approach
      $475,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $400,000
      6.5%
      $365,000
      7%
      $340,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $664,000
      Market price range: $293k - $664k
      AI Estimate
      $428,000
      Market price range: $79.2k - $428k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $435,000
      Current use
      RETAIL STORES
      $555,000
      Change: +28% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $495,000
      Change: +14% Conversion: Difficult
      MEDICAL BUILDING
      $480,000
      Change: +10% Conversion: Easy
      AUTO REPAIR, GARAGE
      $350,000
      Change: -19% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Camas
    County
    Clark
    State
    Washington
    Longitude
    -122.403
    Latitude
    45.585
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,747
    $102,465
    $432,635
    $535,100
    -
    $102,465
    $432,635
    $535,100

    Comparable in this City

    • Value Estimation by Request
      929,350 SF

      20703 1st St, Unit 19

      OFFICE (GENERAL) • 929,350 SF
      20703 1st St, Camas, WA 98607
      View Details
    • Value Estimation
      $5,080,000
      21,428 SF

      4800 Camas Mdws Dr, Unit 22

      OFFICE (GENERAL) • 21,428 SF
      4800 Camas Mdws Dr, Camas, WA 98607-7774
      View Details
    • Value Estimation
      $4,400,000
      19,761 SF

      700 4th Ave

      OFFICE (GENERAL) • 19,761 SF
      700 4th Ave, Camas, WA 98607-2168
      View Details
    • Value Estimation
      $1,220,000
      4,544 SF

      403 5th Ave

      OFFICE (GENERAL) • 4,544 SF
      403 5th Ave, Camas, WA 98607-2045
      View Details
    • Value Estimation
      $1,600,000
      8,601 SF

      430 Adams St

      OFFICE (GENERAL) • 8,601 SF
      430 Adams St, Camas, WA 98607-2132
      View Details
    • Value Estimation by Request
      1,812 SF

      723 4th Ave

      OFFICE (GENERAL) • 1,812 SF
      723 4th Ave, Camas, WA 98607-2111
      View Details

    Similar Nearby for Sale

    • $1,125,000

      Camas Land for Sale

      Land available in Camas, Washington.
      3003 NW 13Th Cir, Camas, WA 98607
      View Details
    • $339,000
      0.32 Acres

      Premium Greenbelt Homesite in Camas

      Generous lot to build a custom home in desirable Camas.
      2508 SW 6Th Ave, Camas, WA 98607
      View Details
    • $475,000
      2.05 Acres

      Camas Land with Mountain Views

      Two-acre parcel with mountain views, well, and approved perc test.
      NE 43Rd Cir, Camas, WA 98607
      View Details
    • $569,990
      1,891 SF

      Camas Duplex Investment Opportunity

      Well-maintained duplex in Camas with strong rental history.
      922 NW Greeley St, Camas, WA 98607
      View Details
    • $475,000
      2.05 Acres

      Camas Land with Mountain Views

      Two-acre parcel in Camas with mountain views, well, perc test.
      NE 43Rd Cir, Camas, WA 98607
      View Details
    • $425,000
      0.37 Acres

      Camas Land with River Views

      Land in Camas with Columbia River views, build opportunity.
      560 NW Brady Rd, Camas, WA 98607
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space in Columbia Palisades

      Office space for lease in a luxury lifestyle community.
      SE Brady Rd, Camas, WA 98607
      View Details
    • Contact for pricing

      Camas Office/Retail Space Available

      Office and retail spaces available for rent in Camas.
      1905 SE 192Nd Ave, Camas, WA 98607
      View Details
    • $19 SF/Yr

      Camas Flex Office Space

      Two-story flex/office space in Camas Meadows Business Park.
      4800 NW Camas Meadows Dr, Camas, WA 98607
      View Details
    • Contact for pricing

      Flexible Workspace Solutions Available

      Tailored office spaces with comprehensive services and global network access.
      2005 SE 192Nd Ave, Camas, WA 98607
      View Details
    • $27 SF/Yr

      Downtown Camas Office Space Available

      Office space for rent in downtown Camas, Washington.
      222 NE Everett St, Camas, WA 98607
      View Details
    • Contact for pricing

      Camas Office Space Available

      Office space in Camas, WA, with open floor plan.
      4275 NW Pacific Rim Blvd, Camas, WA 98607
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    417 2nd Ave
    Camas, WA 98607-1601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    417 2nd Ave, Camas, WA, 98607
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!