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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Medical Office Space
732 2nd Ave Camas, WA 98607-1665
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1569243
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1950
Construction
WOOD
Total area
2,274 SF
Lot
0.11 ac (5,000 SF)
Zoning code
MX : CAM
APN
076880-000
UPID
US90-1569243
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 Chiropractic Center Alternative Medicine Practice
-
Kenneth S. Albrechtson, DC Alternative Medicine Practice
-
Loraine Madian Counselor Practitioner Service Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
$410k
Comparable Approach
Comparable
$490k
Blend (final)
Blend
$630k
Owner & transaction history
Robert S Melton · 3 yrs held
Robert S Melton
since 2023
Last sale
$838,000
7 recorded transactions
Zoning & alternative use
MX : CAM · Camas, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$705,000
+15.8%
Neighborhood: shopping center
$630,000
+3.4%
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
$620,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
$445,000
6.5%
$410,000
7%
$380,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$610,000
Current use
RETAIL STORES
$705,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$630,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$555,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $838k (Mar 29 2023)
Last sale anchor
$838k
Mar 29 2023
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
$277 / 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
$3,932
Tax year 2023
Assessed value
$443,000
Assessed 2023
Previous assessed
$443,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$102,465
Assessed improvement
$340,535
Land market value
$102,465
Improvement market value
$340,535
Total market value
$443,000
Applied tax rate
10,200.0000
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
1950
Construction
WOOD
Heating
OTHER
Stories
1
Total area
2,274 SF
Lot
0.11 ac (5,000 SF)
Zoning code
MX : CAM
APN
076880-000
UPID
US90-1569243
Jurisdiction
CLARK
Zoning & alternative use
MX : CAM · Camas, WA
Zoning MX : CAM · permitted uses
MX : 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
$610,000
RETAIL STORES
Est. value
$705,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$630,000
COMMERCIAL (GENERAL)
Est. value
$555,000
MEDICAL BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1950
Construction
WOOD
Heating
OTHER
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Robert S Melton
Individual
Mailing address
5120 NW COLUMBIA ST, VANCOUVER, WA 98663-1624
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 29, 2024
—
Robert S Melton
—
Deed
related
$833,606 · Clackamas County Bank
Mar 29, 2023
$838,000
Robert S Melton
Wndr 1 LLC
Warranty Deed
$735,000 · Clackamas County Bank
Mar 1, 2022
$700,000
Wndr 1 LLC
Kenneth Albrechtson
Warranty Deed
—
Apr 3, 2019
—
John E Albrecht
—
Deed
related
$360,000 · Nations Direct Mtg
Dec 31, 1997
—
Mndalby INC
Albrechtson,kenneth & Susan
Grant Deed
related
—
Sep 27, 1990
$72,800
Kenneth Albrechtson
Unknown
Grant Deed
—
—
—
John E Albrecht
—
Deed Of Trust
related
$360,000 · Nations Direct Mtg
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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