Entity Owned Property summary
AI-generated overview
This exceptional 1.872-acre commercial land parcel presents a unique investment opportunity in the thriving city of Ridgefield, Washington. Located at 4801 S 3rd Way, this property is zoned CCB (Commercial Community Business) and offers significant potential for development. The site enjoys a highly desirable location, shadow-anchored by a Rosauers full-service grocery store, ensuring strong visibility and convenient access for potential businesses. Its proximity to Interstate 5 and Pioneer Street (Ridgefield's "Main Street") provides excellent connectivity and accessibility. The surrounding area boasts a high average household income exceeding $136,000 within a 5-mile radius, indicating a strong consumer base. Ridgefield itself is experiencing remarkable growth, ranking among the top ten fastest-growing cities in Washington State in 2023. While the deed restricts the property to tire sales/service, this presents a focused niche market opportunity. This parcel offers a compelling combination of location, zoning, and market dynamics, making it an attractive investment for discerning buyers. The asking price is $1,150,000. The property is situated in Clark County, WA, zip code 98642.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2023
Total area
9,924 SF
Lot
3.8 ac (165,528 SF)
Zoning code
CCB : RGF
APN
986052-545
UPID
US90-1921680
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store Auto Parts Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.10M
Owner & transaction history
since 2025
4 recorded transactions
Zoning & alternative use
CCB : RGF · Ridgefield, WA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.10M
Value range
$990k – $1.21M
±10% around blend
Estimated value / SF
$111 / SF
Confidence
Low
4 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
40
$990k
blend $1.10M
$1.21M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,924 SF
Lot area
3.8 ac
Year built
2023
APN
986052-545
Zoning
CCB : RGF
Assessed value
$2,796,855
Annual tax
$23,210
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$5.91M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
12.1 mi away · 8,193 SF
23.1 mi away · 7,150 SF
24.9 mi away · 7,200 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.10M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 56 sales
$197
-44%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $111/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.80M
Move the market yield to see immediate price impact.
Value / SF
$282
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$176k
$3.52M
$2.52M
$1.96M
$196k
$3.92M
$2.80M
$2.18M
$215k
$4.31M
$3.08M
$2.39M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$520k
12.0 mi · Feb 2026 · $70/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,210
Tax year 2023
Assessed value
$2,796,855
Assessed 2023
Previous assessed
$1,770,945
+57.9% YoY
Effective rate
0.83%
On assessed value
Assessed land
$1,948,040
Assessed improvement
$848,815
Land market value
$1,948,040
Improvement market value
$848,815
Total market value
$2,796,855
Applied tax rate
10,319.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2023
Heating
NONE
Total area
9,924 SF
Lot
3.8 ac (165,528 SF)
Zoning code
CCB : RGF
APN
986052-545
UPID
US90-1921680
Jurisdiction
CLARK
Zoning & alternative use
CCB : RGF · Ridgefield, WAZoning CCB : RGF · permitted uses
CCB : RGF · Ridgefield, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2023
Heating
NONE
Lot
3.8 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CCB : RGF
Jurisdiction
Ridgefield, WA
Recorded code
CCB : RGF
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CCB : RGF in Ridgefield, WA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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