55106 Kernahan E Rd Ashford, WA 98304-9618
Entity Owned
Absentee Owner
Free & Clear
Estimated value (blended)
$470k
Range $423k – $517k (±10%)
Property ID
US90-1538666
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1982
Construction
WOOD FRAME
Total area
2,663 SF
Lot
9.34 ac (406,850 SF)
Zoning code
R10
APN
615251000
UPID
US90-1538666
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
-
Campground & RV Park
-
Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$470k
Owner & transaction history
Zoning & alternative use
R10 · Ashford, WA
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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 8 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$470k
Value range
$423k – $517k
±10% around blend
Estimated value / SF
$176 / SF
Confidence
High
8 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
80
$423k
blend $470k
$517k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,663 SF
Lot area
9.34 ac
Year built
1982
Stories
1
APN
615251000
Assessed value
$1,433,700
Annual tax
$14,258
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
$1.07M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
32.8 mi away · 2,400 SF
34.4 mi away · 3,278 SF
39.5 mi away · 2,992 SF
40.7 mi away · 2,800 SF
40.9 mi away · 2,592 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$470k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 508 sales
$333
-47%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $176/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
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
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$1.43M
Move the market yield to see immediate price impact.
Value / SF
$538
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%
$90k
$1.81M
$1.29M
$1.00M
$100k
$2.01M
$1.43M
$1.12M
$110k
$2.21M
$1.58M
$1.23M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$675k
25.7 mi · Sep 2025 · $207/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$14,258
Tax year 2024
Assessed value
$1,433,700
Assessed 2024
Previous assessed
$1,433,700
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$521,200
Assessed improvement
$912,500
Land market value
$521,200
Improvement market value
$912,500
Total market value
$1,433,700
Applied tax rate
645.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1982
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Buildings
6
Stories
1
Units
1
Bathrooms
2
Total area
2,663 SF
Lot
9.34 ac (406,850 SF)
Zoning code
R10
APN
615251000
UPID
US90-1538666
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R10 · Ashford, WAZoning R10 · permitted uses
R10 · Ashford, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1982
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
6
Units
1
Bathrooms
2
Lot
9.34 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R10
Jurisdiction
Ashford, WA
Recorded code
R10
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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