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Property profile & analytics
OFF-MARKET
Estimated value
$3,570,000
Office Spaces
4855 Evergreen Way 37 Washougal, WA 98671-9176
Entity Owned
16-yr Hold
Free & Clear
Property ID
US90-0792919
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2004
Construction
WOOD
Total area
17,655 SF
Lot
15.32 ac (667,339 SF)
Zoning code
IP : WAS
APN
134166-000
UPID
US90-0792919
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
-
Washougal School District School District Office
-
Madeleine Wolfe Occupational Health Service
-
George Schmid Memorial Park Sports Field & Court Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.64M
Comparable Approach
Comparable
$3.75M
Blend (final)
Blend
$3.57M
Owner & transaction history
Corporation Of Catholic Archbisho · 16 yrs held
Corporation Of Catholic Archbisho
since 2009
2 recorded transactions
Zoning & alternative use
IP : WAS · Washougal, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.5M
+27.7%
Restaurant
$5.3M
+22.7%
Neighborhood: shopping center
$4.9M
+14.0%
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 Washougal submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Washougal 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%
$3,935,000
6.5%
$3,635,000
7%
$3,375,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,295,000
Current use
RETAIL STORES
$5,485,000
Change: +28% · Conversion: Easy
RESTAURANT
$5,270,000
Change: +23% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,895,000
Change: +14% · Conversion: Difficult
MEDICAL BUILDING
$4,735,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,485,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.57M
Range $3.21M – $3.93M · ±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
$202 / 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
Assessed value
$4,361,848
Assessed 2023
Previous assessed
$3,792,910
+15.0% YoY
Assessed land
$2,227,918
Assessed improvement
$2,133,930
Land market value
$2,227,918
Improvement market value
$2,133,930
Total market value
$4,361,848
Applied tax rate
10,111.0000
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
2004
Construction
WOOD
Heating
SPACE
Buildings
4
Stories
1
Total area
17,655 SF
Lot
15.32 ac (667,339 SF)
Zoning code
IP : WAS
APN
134166-000
UPID
US90-0792919
Jurisdiction
CLARK
Zoning & alternative use
IP : WAS · Washougal, WA
Zoning IP : WAS · permitted uses
IP : WAS · Washougal, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Washougal. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.3M
RETAIL STORES
Est. value
$5.5M
RESTAURANT
Est. value
$5.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$3.5M
COMMERCIAL (GENERAL) Current
RETAIL STORES
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
2004
Construction
WOOD
Heating
SPACE
Stories
1
Buildings
4
Lot
15.32 ac
Current owner
From public records · entity-resolved
Corporation Of Catholic Archbisho
Entity
Free & Clear · 16 yrs held
Mailing address
4855 EVERGREEN WAY, WASHOUGAL, WA 98671-9176
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2009
—
Corporation Of Catholic Archbisho
Washougal Sch District 112-6
Quit Claim Deed
related
—
Apr 22, 1999
$755,150
Columbia Land Trust
Kerr Trust
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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