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Property profile & analytics
OFF-MARKET
Estimated value
$2,350,000
Office Spaces
506 4th Ave, Camas, WA 98607-2105
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1070899
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1922
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,000 SF
Lot
0.11 ac (5,000 SF)
Zoning code
DC : CAM
APN
078130-000
UPID
US90-1070899
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.32M
CAP Approach
CAP
$2.06M
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$2.35M
Owner & transaction history
William O Leigh · 3 yrs held
William O Leigh
since 2022
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
DC : CAM · Camas, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.1M
+27.7%
Restaurant
$3.0M
+22.7%
Neighborhood: shopping center
$2.8M
+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 Camas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Camas 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
$2,275,000
ML approach
$2,320,000
CAP Approach
CAP Return
Estimation
6%
$2,230,000
6.5%
$2,060,000
7%
$1,910,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,435,000
Current use
RETAIL STORES
$3,105,000
Change: +28% · Conversion: Easy
RESTAURANT
$2,985,000
Change: +23% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,775,000
Change: +14% · Conversion: Difficult
MEDICAL BUILDING
$2,685,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,975,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.35M
Range $2.12M – $2.59M · ±10% · vs last sale $2.55M (Nov 23 2022)
Last sale anchor
$2.55M
Nov 23 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
$235 / 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
$9,598
Tax year 2023
Assessed value
$1,083,300
Assessed 2023
Previous assessed
$942,000
+15.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$102,465
Assessed improvement
$980,835
Land market value
$102,465
Improvement market value
$980,835
Total market value
$1,083,300
Applied tax rate
10,200.0000
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
1922
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Total area
10,000 SF
Lot
0.11 ac (5,000 SF)
Zoning code
DC : CAM
APN
078130-000
UPID
US90-1070899
Jurisdiction
CLARK
Zoning & alternative use
DC : CAM · Camas, WA
Zoning DC : CAM · permitted uses
DC : CAM · Camas, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Camas. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.4M
RETAIL STORES
Est. value
$3.1M
RESTAURANT
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.0M
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
1922
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
William O Leigh
Individual
Mailing address
PO BOX 364, VANCOUVER, WA 98666-0364
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2022
$2,550,000
William O Leigh
4th And Dallas LLC
Warranty Deed
—
Sep 30, 2019
—
4th & Dallas LLC
—
Deed
related
—
Jun 4, 2009
—
4th & Dallas LLC
Nies,gerald L & Marilyn J
Warranty Deed
—
Dec 31, 1996
$204,000
Gerald L Nies
Nies,ira S & Leona M
Grant Deed
related
—
—
—
Gerald L Nies
—
Deed Of Trust
related
$140,000 · Riverview Community Bank
—
—
4th & Dallas LLC
—
Loan Modification
related
—
—
—
Gerald L Nies
—
Deed Of Trust
related
$138,000 · Riverview Community Bank
—
—
Gerald L Nies
—
Deed Of Trust
related
$435,000 · Riverview Community Bank
—
—
Gerald L Nies
—
Deed Of Trust
related
$303,750 · Riverview Savings 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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