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Property profile & analytics
OFF-MARKET
Estimated value
$4,255,000
Industrial properties
5525 11th St Ridgefield, WA 98642-4805
Individually Owned
10-yr Hold
Free & Clear
Property ID
US90-2728511
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
2017
Construction
STEEL FRAME
Total area
32,080 SF
Lot
3.78 ac (164,657 SF)
Zoning code
E : RGF
APN
986033-598
UPID
US90-2728511
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
-
Washington Dept. of Fish & Wildlife - Southwest Region State Government Office
-
Washington Department of Fish & Wildlife Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.72M
Comparable Approach
Comparable
$4.08M
Blend (final)
Blend
$4.26M
Owner & transaction history
Port Of Ridgefield · 10 yrs held
Port Of Ridgefield
since 2015
2 recorded transactions
Zoning & alternative use
E : RGF · Ridgefield, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Code of Ordinances
Top alternative use upside
Auto repair, garage
$6.3M
+1.8%
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 Ridgefield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ridgefield 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%
$4,030,000
6.5%
$3,720,000
7%
$3,455,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,220,000
Current use
AUTO REPAIR, GARAGE
$6,330,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$4.26M
Range $3.83M – $4.68M · ±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
$133 / 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
$6,141,941
Assessed 2023
Previous assessed
$5,583,582
+10.0% YoY
Assessed land
$996,174
Assessed improvement
$5,145,767
Land market value
$996,174
Improvement market value
$5,145,767
Total market value
$6,141,941
Applied tax rate
10,319.0000
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
2017
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Total area
32,080 SF
Lot
3.78 ac (164,657 SF)
Zoning code
E : RGF
APN
986033-598
UPID
US90-2728511
Jurisdiction
CLARK
Zoning & alternative use
E : RGF · Ridgefield, WAZoning E : RGF · permitted uses
E : RGF · Ridgefield, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Code of Ordinances
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$6.3M
INDUSTRIAL (GENERAL) Current
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
2017
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Lot
3.78 ac
Current owner
From public records · entity-resolved
Port Of Ridgefield
Individual
Free & Clear · 10 yrs held
Mailing address
111 W DIVISION ST, RIDGEFIELD, WA 98642-3834
Ownership since
2015
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
Aug 27, 2015
—
Port Of Ridgefield
Rok Ridgefield Industrial LLC
Warranty Deed
related
—
Oct 16, 2014
—
Rok Ridgefield Industrial LLC
Port Of Ridgefield
Grant Deed
related
—
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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