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Property profile & analytics
OFF-MARKET
Estimated value
$2,610,000
Medical Office Space
5420 38th Ave 201 Camas, WA 98607-5405
Entity Owned
10-yr Hold
Absentee Owner
Property ID
US90-0581729
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2018
Construction
WOOD
Total area
15,725 SF
Lot
0.87 ac (37,897 SF)
Zoning code
RC : CAM
APN
126247-000
UPID
US90-0581729
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
-
Camas Automatic Gate & Installations General Contractor Construction Company
-
Harmony Orthodontics Dental Office
-
Revive Hair Studio Hair Salon
-
BEX Beauty Bar LLC Hair Salon Nail Salon
-
Jaez Hair Studio Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.84M
Comparable Approach
Comparable
$2.02M
Blend (final)
Blend
$2.61M
Owner & transaction history
Dental Specialists Investments LLC · 10 yrs held
Dental Specialists Investments LLC
since 2016
7 recorded transactions
Zoning & alternative use
RC : CAM · Camas, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,070,000
6.5%
$2,835,000
7%
$2,635,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,220,000
Current use
COMMERCIAL (GENERAL)
$3,825,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$2.61M
Range $2.35M – $2.87M · ±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
$166 / 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
$40,728
Tax year 2023
Assessed value
$4,609,660
Assessed 2023
Previous assessed
$4,008,400
+15.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$575,322
Assessed improvement
$4,034,338
Land market value
$575,322
Improvement market value
$4,034,338
Total market value
$4,609,660
Applied tax rate
10,367.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2018
Construction
WOOD
Heating
OTHER
Cooling
NONE
Stories
2
Bathrooms
1
Total area
15,725 SF
Lot
0.87 ac (37,897 SF)
Zoning code
RC : CAM
APN
126247-000
UPID
US90-0581729
Jurisdiction
CLARK
Zoning & alternative use
RC : CAM · Camas, WA
Zoning RC : CAM · permitted uses
RC : 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
MEDICAL BUILDING Current
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$3.8M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
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
2018
Construction
WOOD
Heating
OTHER
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Dental Specialists Investments LLC
Entity
Mailing address
4915 SW GRIFFITH DR STE #300, BEAVERTON, OR 97005-2933
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2021
—
Dental Specialists Investments LLC
—
Deed
related
$4,294,000 · First Citizens Bank & Trust Co
Mar 26, 2020
—
Dental Specialistes Investments LLC
—
Deed
related
$1,000,000 · First Citizens Bank & Trust Co
May 2, 2017
—
Dental Specialists Invs LLC
—
Trustees Deed
related
$3,655,000 · First Citizens Bk
Mar 25, 2016
$529,000
Dental Specialists Investments LLC
Wei Chang Ching
Warranty Deed
$250,000 · Pacific Continental Bank
Oct 12, 2011
$154,100
Ching-wei Chang
Wells Fargo Bk NA
Grant Deed
related
—
Sep 1, 2011
$154,100
Ching-wei Chang
Wells Fargo Bk NA
Grant Deed
—
May 27, 2011
$132,283
Fargo Bk NA Wells
Regional Trustee Services Corp
Trustees Deed
related
—
—
—
Bruce B Maki
—
Deed Of Trust
related
$110,500 · World 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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