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Property profile & analytics
OFF-MARKET
Estimated value
$1,230,000
Office buildings
447 1st St, Kalama, WA 98625-9105
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1906070
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2008
Total area
9,975 SF
Lot
0.16 ac (7,000 SF)
APN
40704
UPID
US90-1906070
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
-
Timi Harris Real Estate Agency
-
JHI Engineering, Inc. Engineering Consultant
-
Prestige Cedar Homes Inc. Construction Company General Contractor
-
Remax: Debbie Nelson Real Estate Agency
-
Cole Blackburn Remax Results Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.23M
Owner & transaction history
Balance Point Massage Therapy LLC · 1 yrs held
Balance Point Massage Therapy LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+37.7%
Auto repair, garage
$1.4M
+14.1%
Retail stores
$1.3M
+11.5%
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 Kalama submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kalama 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
OFFICE BUILDING
$1,200,000
Current use
RESTAURANT
$1,655,000
Change: +38% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,370,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$1,340,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$1.23M
Range $1.11M – $1.35M · ±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
$123 / 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
$10,270
Tax year 2023
Assessed value
$1,200,000
Assessed 2022
Previous assessed
$1,200,000
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$90,720
Assessed improvement
$1,109,280
Land market value
$90,720
Improvement market value
$1,109,280
Total market value
$1,200,000
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 buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2008
Heating
HEAT PUMP
Stories
2
Total area
9,975 SF
Lot
0.16 ac (7,000 SF)
APN
40704
UPID
US90-1906070
Jurisdiction
COWLITZ
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
2008
Heating
HEAT PUMP
Stories
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Balance Point Massage Therapy LLC
Entity
Mailing address
607 PO BOX 1085TH DR, KALAMA, WA 98625-1003
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2024
—
Balance Point Massage Therapy LLC
Double L Development LLC
Commercial Lease
—
Mar 13, 2024
—
Spine Align Northwest PC Washington
Double L Development LLC
Lease
—
Jul 20, 2023
—
Cannon Construction LLC
Double L Development LLC
Lease
—
Dec 1, 2022
—
Jhi Engineering
Double Ll Development LLC
Commercial Lease
—
Mar 3, 2022
—
Cannon Construction LLC
Double L Development LLC
Lease
—
Feb 2, 2022
—
Double Ldevelopment L L C
—
Deed
related
$961,094 · Columbia State Bank
Jan 31, 2022
—
Double L Development LLC
Ram Double L Ventures
Warranty Deed
—
Aug 2, 2021
—
Better Health Massage
Ram Double L Venture
Lease
—
Mar 22, 2021
—
Motion Industrial INC
Ram Double L Ventures
Lease
—
Mar 13, 2020
$1,500,000
Ram Double L Ventures
Blue Sky Unlimited LLC
Warranty Deed
$999,500 · Columbia State Bank
Nov 21, 2017
—
Blue Sky Unlimited LLC
—
Deed
related
$1,035,000 · Fibre FCU
Nov 1, 2006
—
Blue Sky Unlimited LLC
Best Results Real Estate LLC
Grant Deed
related
$1,060,000 · Hometown National Bank
Mar 16, 2005
$175,000
Best Results Real Estate LLC
Hoggatt,brad & Connie
Warranty Deed
$150,000 · Brad & Connie Hoggatt
Jan 1, 1990
—
Brad Hoggatt
—
Warranty Deed
related
—
—
—
Blue Sky Unlimited LLC
—
Deed Of Trust
related
$1,160,000 · Fibre FCU
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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