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Property profile & analytics
OFF-MARKET
Estimated value
$6,395,000
Manufacturing properties
5823 6th Way, Ridgefield, WA 98642-3204
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-2156124
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2014
Construction
STEEL FRAME
Total area
62,000 SF
Lot
5.67 ac (246,985 SF)
Zoning code
E : RGF
APN
214066-010
UPID
US90-2156124
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
-
Alliance Industrial Group, Inc. Factory Production Facility
-
Alpha Iron LLC Metal Fabrication Plant Factory
-
Vancouver Steel Painters (VSP) Painting
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.19M
Comparable Approach
Comparable
$5.57M
Blend (final)
Blend
$6.40M
Owner & transaction history
Buchan Dev LLC · 13 yrs held
Buchan Dev LLC
since 2012
4 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%
$7,790,000
6.5%
$7,190,000
7%
$6,680,000
Blend value · Realmo final
$6.40M
Range $5.76M – $7.03M · ±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
$103 / 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
$69,499
Tax year 2023
Assessed value
$8,377,600
Assessed 2023
Previous assessed
$7,616,000
+10.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$1,494,260
Assessed improvement
$6,883,340
Land market value
$1,494,260
Improvement market value
$6,883,340
Total market value
$8,377,600
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2014
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
62,000 SF
Lot
5.67 ac (246,985 SF)
Zoning code
E : RGF
APN
214066-010
UPID
US90-2156124
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.
Building & site characteristics
From public records
Year built
2014
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
5.67 ac
Current owner
From public records · entity-resolved
Buchan Dev LLC
Entity
Mailing address
5823 S 6TH WAY, RIDGEFIELD, WA 98642-3204
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2012
$904,000
Buchan Dev LLC
Port Of Ridgefield
Warranty Deed
$813,600 · Port Of Ridgefield
Jun 28, 2010
$305,000
Port Of Ridgefield
Cgt Ents INC
Warranty Deed
—
Apr 5, 2004
—
Cgt Enterprises INC
Port Of Ridgefield
Grant Deed
related
—
—
—
Buchan Dev LLC
—
Loan Modification
related
$5,175,000 · Umpqua Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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