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    Residential Land in Hockinson District Title is generated by Realmo AI

    16811 NE 93rd Way, Vancouver, WA 98682

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    Claim this Listing
    New
    For Sale
    $660,000

    Vacant Land - Vancouver, WA

    Lot size:
    0.06 Acres
    Added:
    May 22, 2026
    Days on Market:
    2
    Last Refresh:
    May 23 at 12:06 am

    Property Features for 16811 NE 93rd Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    986051017
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Amy Asivido

    Listing agent Amy Asivido

    Listing office KELLER WILLIAMS PREMIER PARTNERS 2211 E Mill Plain Blvd, Vancouver, WA

    Listing date May 22, 2026

    MLS# 11780540 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Located in the highly desirable Hockinson School District.
    • Meticulously maintained and move‑in ready.
    • Gourmet kitchen with fingerprint‑resistant stainless steel appliances, quartz countertops, and custom cabinetry.
    • Backyard transformed into an outdoor sanctuary with hydrangeas, flowering apple & fig trees, turf lawn, and pergola.
    • Spacious primary suite with walk‑in closet and spa‑like ensuite.
    • Custom stone electric fireplace in the living room.

    Overview

    This property features a meticulously maintained home built in 2020, located within the sought-after Hockinson School District. The curb appeal is enhanced by blooming flowers and a crisp exterior. Inside, the living room features a custom stone electric fireplace. The gourmet kitchen is equipped with fingerprint-resistant stainless steel appliances, quartz countertops, and custom cabinetry. The spacious primary suite includes a walk-in closet and a spa-like ensuite. Two additional generously sized bedrooms share a full bath. The backyard has been transformed into an outdoor sanctuary with hydrangeas, flowering apple and fig trees, a pristine turf lawn, and a pergola, creating a low-maintenance retreat. The lot size is 0.06 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Parts Store HVAC Service Computer & Electronic Repair Carpet & Flooring Store Nursing Home Nursing Home (Bike/Boat/Book/etc) Store Auto Repair Shop Building Supply Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.498475
    Latitude
    45.691249

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    FAQs

    What type of property is this?
    Residential land & home lot - Land with meticulously maintained home in desirable Hockinson School District.
    Where is this residential land & home lot located?
    The property is located at 16811 NE 93rd Way Vancouver, WA.
    What is the asking price?
    The asking price for this property is $660,000.
    What are key features of this property?
    This property features: Located in the highly desirable Hockinson School District.; Meticulously maintained and move‑in ready.; **Gourmet kitchen with fingerprint‑resistant stainless steel appliances, quartz countertops, and custom cabinetry.**
    (360) 907-1073
    We can help!
    Listing Contact
    Amy Asivido
    Request Owner's contact information
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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.

    More about this property
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