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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Commercial real estate
848 Sunrise Blvd Ste C, Camano Island, WA 98282-8770
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0065440
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
2004
Construction
WOOD
Total area
5,284 SF
Lot
0.18 ac (7,841 SF)
Zoning code
50
APN
S6248-00-00003-0
UPID
US90-0065440
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$937k
Blend (final)
Blend
$1.07M
Owner & transaction history
Camano Commons Building C LLC · 6 yrs held
Camano Commons Building C LLC
since 2019
7 recorded transactions
Zoning & alternative use
50 · Camano Island, 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 Camano Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Camano Island 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)
$1,445,000
Current use
RETAIL STORES
$1,380,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±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
$202 / 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
Property tax & assessments
Assessed value
$1,376,345
Assessed 2023
Previous assessed
$1,102,426
+24.8% YoY
Assessed land
$313,632
Assessed improvement
$1,062,713
Land market value
$313,632
Improvement market value
$1,062,713
Total market value
$1,376,345
Applied tax rate
590.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
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
2
Total area
5,284 SF
Lot
0.18 ac (7,841 SF)
Zoning code
50
APN
S6248-00-00003-0
UPID
US90-0065440
Jurisdiction
ISLAND
Zoning & alternative use
50 · Camano Island, WA
Zoning 50 · permitted uses
50 · Camano Island, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Camano Island. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.4M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
2004
Construction
WOOD
Heating
ZONE
Cooling
Yes
Stories
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Camano Commons Building C LLC
Entity
Mailing address
848 N SUNRISE BLVD STE C, CAMANO ISLAND, WA 98282-8770
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Oct 31, 2019
$1,230,000
Camano Commons Building C LLC
Camano Building C LLC
Warranty Deed
related
$1,866,000 · Seattle Cu
May 19, 2016
$725,000
Camano Building C LLC
Little,thomas A
Grant Deed
$675,000 · Thomas A Little
Mar 26, 2012
—
Thomas A Little
Oreo Corp
Grant Deed
$356,250 · Whidbey Island Bank
Sep 8, 2010
—
Oreo Corp
Brindles Camano LLC
Deed In Lieu Of Foreclosure
related
—
Aug 5, 2004
$410,000
Brindles Camano LLC
Camano Commons LLC
Warranty Deed
related
$1,020,000 · Evertrust Bank
—
—
Brindles Camano LLC
—
Deed Of Trust
related
$249,000 · Coastal Community Bank
—
—
Camano Building C LLC
—
Deed Of Trust
related
$850,000 · Seattle Metropolitan Cu
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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