848 Sunrise Blvd Camano Island, WA 98282-8770
Entity Owned
3-yr Hold
~
Est. High Equity
Estimated value (blended)
$2.29M
Range $2.06M – $2.52M (±10%)
Property ID
US90-1517239
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
2004
Construction
WOOD
Total area
4,004 SF
Lot
0.1 ac (4,345 SF)
Zoning code
50
APN
S6248-00-00009-0
UPID
US90-1517239
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$2.29M
Owner & transaction history
since 2023
Last sale
$1.7M
6 recorded transactions
Zoning & alternative use
50 · Camano Island, 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 12 comparables with addresses
2 alternative uses screened
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
$2.29M
Value range
$2.06M – $2.52M
±10% around blend
Estimated value / SF
$572 / SF
Confidence
High
12 county-verified comps
Property data
75
Market benchmarks
33
Comparable evidence
100
$2.06M
blend $2.29M
$2.52M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,004 SF
Lot area
0.1 ac
Year built
2004
Stories
1
APN
S6248-00-00009-0
Assessed value
$1,159,554
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
$1.20M
Weighted, 12 comps · high confidence
Evidence
12 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.4 mi away · 3,014 SF
14.1 mi away · 5,089 SF
14.1 mi away · 4,084 SF
16.4 mi away · 3,610 SF
16.4 mi away · 3,640 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.29M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 208 sales
$273
+109%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $572/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
Not available
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 · 12 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$1.70M
Move the market yield to see immediate price impact.
Value / SF
$425
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%
$107k
$2.14M
$1.53M
$1.19M
$119k
$2.38M
$1.70M
$1.32M
$131k
$2.62M
$1.87M
$1.45M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
12 found
High confidence · county-verified
Closest comparable
$935k
9.5 mi · Jan 2026 · $263/SF
Property tax & assessments
Property tax & assessments
Assessed value
$1,159,554
Assessed 2023
Previous assessed
$917,508
+26.4% YoY
Assessed land
$173,800
Assessed improvement
$985,754
Land market value
$173,800
Improvement market value
$985,754
Total market value
$1,159,554
Applied tax rate
590.0000
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
2004
Construction
WOOD
Heating
ZONE
Cooling
YES
Stories
1
Total area
4,004 SF
Lot
0.1 ac (4,345 SF)
Zoning code
50
APN
S6248-00-00009-0
UPID
US90-1517239
Jurisdiction
ISLAND
Zoning & alternative use
50 · Camano Island, WAZoning 50 · permitted uses
50 · Camano Island, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
WOOD
Heating
ZONE
Cooling
Yes
Stories
1
Lot
0.1 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
50
Jurisdiction
Camano Island, WA
Recorded code
50
Ownership Intelligence
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Ownership report
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.
They do not confirm beneficial ownership or intent to transact.
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