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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Commercial real estate
848 Sunrise Blvd Ste G, Camano Island, WA 98282-5535
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1476279
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
2004
Construction
WOOD
Total area
4,204 SF
Lot
0.11 ac (4,752 SF)
Zoning code
50
APN
S6248-00-00007-0
UPID
US90-1476279
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
$1.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$799k
Blend (final)
Blend
$1.11M
Owner & transaction history
Topophilia LLC · 5 yrs held
Topophilia LLC
since 2020
Last sale
$850,000
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
$1,270,000
ML approach
$1,240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,150,000
Current use
RETAIL STORES
$1,100,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±10% · vs last sale $850k (Nov 20 2020)
Last sale anchor
$850k
Nov 20 2020
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
$264 / 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
$1,174,093
Assessed 2023
Previous assessed
$942,606
+24.6% YoY
Assessed land
$190,096
Assessed improvement
$983,997
Land market value
$190,096
Improvement market value
$983,997
Total market value
$1,174,093
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
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
4,204 SF
Lot
0.11 ac (4,752 SF)
Zoning code
50
APN
S6248-00-00007-0
UPID
US90-1476279
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
$1.2M
RETAIL STORES
Est. value
$1.1M
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
PACKAGE
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Topophilia LLC
Entity
Mailing address
2920 182ND AVE NE, SNOHOMISH, WA 98290-6417
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2020
$850,000
Topophilia LLC
Camano Commons LLC
Warranty Deed
$850,000 · Camano Commons LLC
Jun 19, 2017
—
Camano Commons LLC
—
Grant Deed
related
$1,755,000 · Seattle Metropolitan Cu
Aug 27, 2013
—
Camano Commons LLC
Colby Re LLC
Quit Claim Deed
related
—
Apr 16, 2013
—
Colby Re LLC
Opus Bk
Quit Claim Deed
related
—
Apr 8, 2013
—
Opus Bk
B & T Olson Family LLC
Grant Deed
related
—
Apr 7, 2010
$278,000
B & T Olson Family LLC
Olson Investment & Mgmt LLC
Quit Claim Deed
related
—
Jun 17, 2004
$410,000
B & T Olson Family LLC
Camano Commons LLC
Warranty Deed
$848,000 · Cascade Bank
—
—
Camano Commons LLC
—
Deed Of Trust
related
$850,000 · Seattle Metropolitan Cu
—
—
B & T Olson Family LLC
—
Deed Of Trust
related
$324,255 · Cascade Bank
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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