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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Retail space
418 Pioneer St Ridgefield, WA 98642-4512
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0868462
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1918
Construction
WOOD
Total area
2,566 SF
Lot
0.11 ac (4,792 SF)
Zoning code
CMU : RGF
APN
070855-000
UPID
US90-0868462
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
-
First Centennial Mortgage Loan Service Bank
-
Ridgefield Mercantile Home Decor Store Department Store
-
Branch Medical Medical Clinic
-
Sarah Paulson at First Centennial Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
$475k
Comparable Approach
Comparable
$620k
Blend (final)
Blend
$655k
Owner & transaction history
Lake River Enterprises LLC · 4 yrs held
Lake River Enterprises LLC
since 2022
Last sale
$740,000
7 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
$660,000
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
$515,000
6.5%
$475,000
7%
$440,000
Alternative Use
Use
Estimation
RETAIL STORES
$795,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$710,000
Change: -11% · Conversion: Moderate
MEDICAL BUILDING
$690,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $740k (Feb 2 2022)
Last sale anchor
$740k
Feb 2 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
$255 / 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
$3,717
Tax year 2023
Assessed value
$446,700
Assessed 2023
Previous assessed
$406,100
+10.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$115,957
Assessed improvement
$330,743
Land market value
$115,957
Improvement market value
$330,743
Total market value
$446,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1918
Construction
WOOD
Heating
FORCED AIR
Stories
1
Total area
2,566 SF
Lot
0.11 ac (4,792 SF)
Zoning code
CMU : RGF
APN
070855-000
UPID
US90-0868462
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
RETAIL STORES Current
Est. value
$795,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$710,000
MEDICAL BUILDING
Est. value
$690,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1918
Construction
WOOD
Heating
FORCED AIR
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Lake River Enterprises LLC
Entity
Mailing address
PO BOX 250, VANCOUVER, WA 98666-0250
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2025
—
Lake River Enterprises LLC
—
Deed
related
$316,773 · Columbia Cu
Jun 20, 2025
—
Lake River Enterprises LLC
—
Deed
related
$322,860 · Columbia Community Cu
Feb 2, 2022
$740,000
Lake River Enterprises LLC
Scott L Stringfellow
Warranty Deed
$555,000 · Columbia Community Cu
Jan 10, 2002
$107,444
Scott L Stringfellow
Grange,pekin F
Grant Deed
—
Aug 30, 1993
$100
Ferry Grange 1135 Pekin
Unknown
Grant Deed
related
—
—
—
Stringfellow,scott L & Kay M
—
Deed Of Trust
related
$42,457 · First Independent Bank
—
—
Scott L Stringfellow
—
Deed Of Trust
related
$50,000 · First Independent Bank
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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