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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Office Spaces
5687 6th Way 104, Ridgefield, WA 98642-3333
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-3352755
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1995
Construction
WOOD
Total area
4,565 SF
Lot
0.62 ac (27,007 SF)
Zoning code
E : RGF
APN
214063-000
UPID
US90-3352755
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
-
Cascade West Development Construction Company General Contractor
-
The Meadows at Whipple Creek by Cascade West Development Housing Development Service Establishment
-
Si Ellen Farms Housing Development
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$482k
Blend (final)
Blend
$670k
Owner & transaction history
Cascade West Development INC · 10 yrs held
Cascade West Development INC
since 2016
7 recorded transactions
Zoning & alternative use
E : RGF · Ridgefield, 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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,110,000
Current use
AUTO REPAIR, GARAGE
$900,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±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
$147 / 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
$7,690
Tax year 2023
Assessed value
$925,700
Assessed 2023
Previous assessed
$841,500
+10.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$179,733
Assessed improvement
$745,967
Land market value
$179,733
Improvement market value
$745,967
Total market value
$925,700
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1995
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
4,565 SF
Lot
0.62 ac (27,007 SF)
Zoning code
E : RGF
APN
214063-000
UPID
US90-3352755
Jurisdiction
CLARK
Zoning & alternative use
E : RGF · Ridgefield, WA
Zoning 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
Ridgefield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$900,000
COMMERCIAL (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
1995
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Cascade West Development INC
Entity
Mailing address
5414 NE 265TH ST, RIDGEFIELD, WA 98642-7713
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
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2016
$325,000
Cascade West Development INC
Ridgefield Child Care LLC
Warranty Deed
$360,000 · Riverview Community Bank
May 30, 2013
—
Jamie H Treacy
Kaikinger Wynona R
Grant Deed
related
—
Feb 16, 2012
$30,500
Collier Larry D & E A A Trust
Treacy,paul M & Jamie H
Warranty Deed
—
Oct 27, 2006
—
Ridgefield Childcare LLC
—
Trustees Deed
related
$25,000 · Douglas & Marcia Smith
Aug 22, 2006
$66,000
Ridgefield Childcare LLC
Takko,dean & Debra
Warranty Deed
—
Aug 22, 2006
$25,000
Jeanette Pease
Ridgefield Child Care LLC
Warranty Deed
—
Aug 22, 2006
$55,000
Ridgefield Childcare LLC
Jostad,jon S & Karen F
Warranty Deed
—
Aug 22, 2006
$113,300
Ridgefield Childcare LLC
Marshall Family Trust
Warranty Deed
—
Aug 22, 2006
$200,000
Collier L D Living
Ridgefield Child Care LLC
Warranty Deed
—
Jun 30, 2006
$155,000
Paul M Treacy
Ridgefield Child Care LLC
Warranty Deed
—
Jun 30, 2006
$13,200
Ridgefield Child Care LLC
Marshall,donald L & Donna M
Warranty Deed
—
Jun 30, 2006
$132,000
Ridgefield Child Care LLC
Wren,billy C
Warranty Deed
—
Feb 27, 2006
$84,000
Paul M Treacy
Ridgefield Child Care LLC
Warranty Deed
—
Feb 27, 2006
$68,900
Ridgefield Child Care LLC
Pid Investments LLC
Warranty Deed
—
Dec 20, 2004
$12,000
Donald L Marshall
Ridgefield Child Care LLC
Warranty Deed
—
Dec 17, 2004
$103,000
Marshall Trust
Ridgefield Child Care LLC
Warranty Deed
—
Oct 13, 2004
$50,000
Jon S Jostad
Ridgefield Child Care LLC
Warranty Deed
—
Oct 13, 2004
$275,000
Ridgefield Child Care LLC
Peoples Community Cu
Warranty Deed
—
Oct 13, 2004
$120,000
Billy C Wren
Ridgefield Child Care LLC
Warranty Deed
—
Oct 13, 2004
$60,000
Dean Takko
Ridgefield Child Care LLC
Warranty Deed
—
Oct 13, 2004
$65,000
Pid Investments LLC
Ridgefield Child Care LLC
Warranty 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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