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    Corner Lot in Minnehaha Neighborhood Title is generated by Realmo AI

    6717 NE 27th Pl, Vancouver, WA 98665

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    For Sale
    $199,000

    LAND - Vancouver, WA

    Type:Single Family Residence
    Lot size:
    0.11 Acres
    Added:
    May 13, 2025
    Days on Market:
    371
    Last Refresh:
    May 18 at 8:06 am

    Property Features for 6717 NE 27th Pl

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    R-18
    Standard status
    Active
    APN
    099145000
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Description
    Exh A
    Tax Annual Amount
    299

    We can help!

    Listing Contact
    Brendan Scully

    Listing agent Brendan Scully

    Listing office Knipe Realty ERA Powered 900 Washington St Suite 1030, Vancouver, WA

    Listing date May 13, 2025

    MLS# 213554395 Listing URL

    Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime Location: Enjoy easy access to shopping, restaurants, I‑5, SR‑500, Downtown Vancouver, Portland Airport, and Downtown Portland.
    • ADU Potential: New rules allow up to two ADUs (under 1,000 SF each), with options for attached ADU on Northeast edge or above garage on the South side.
    • Desirable Neighborhood: Corner lot in the Minnehaha neighborhood.
    • Convenient Transportation: Very bikeable area with bus lines within 1/2 mile.
    • Proximity to Park: Short walk to Hazel Dell Park.
    • Unique Feature: Amazing Oregon White Oak in back defines buildable area.

    Overview

    This corner lot is located in the Minnehaha neighborhood. It is a short walk to Hazel Dell Park and approximately 3 minutes from shopping and restaurants. Access to I-5 and SR-500 is about 4 minutes away, while downtown Vancouver is an 8-minute drive. The airport is approximately 20 minutes away, and downtown Portland is 15 minutes away without traffic. The area is bikeable, with bus lines within 1/2 mile along the renovated 68th St corridor. The lot features an Oregon White Oak in the back, which defines the buildable area. There is room for a large 2-story home or a medium-sized ranch. An attached ADU can be added on the Northeast edge of the lot or above the garage on the South side. New ADU rules allow up to 2 ADUs under 1,000 SF per lot. The lot size is 0.11 acres. The zoning is R-18.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.642335
    Latitude
    45.671233

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    FAQs

    What type of property is this?
    Residential land & home lot - Corner lot near Hazel Dell Park, close to amenities.
    Where is this residential land & home lot located?
    The property is located at 6717 NE 27th Pl Vancouver, WA.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Prime Location: Enjoy easy access to shopping, restaurants, I‑5, SR‑500, Downtown Vancouver, Portland Airport, and Downtown Portland.; ADU Potential: New rules allow up to two ADUs (under 1,000 SF each), with options for attached ADU on Northeast edge or above garage on the South side.; Desirable Neighborhood: Corner lot in the Minnehaha neighborhood.
    (360) 836-7259
    We can help!
    Listing Contact
    Brendan Scully
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    6717 NE 27th Pl, Vancouver, WA 98665
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