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    3000 164th Ave, Unit 62 Vancouver, WA 98683-9314

    • Strip malls
    • 20,141 SF
    • 1.62 lot acres
    OFF-MARKET
    Last Sale
    Sep 25, 2020
    $3,700,000
    Value Estimations
    $4,815,000
    Show details
    Cap Rate Potential
    5.3%
    Strip malls
    Location Intelligence
    Property ID
    US90-1223520
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Susan R. Kesti, LMP / Doctor / Massage Therapist
    • Miracle-Ear Hearing Aid Center / Hearing Aid Store / Hearing Aid Repair Service
    • Lil' Snippers Hair Care 4 Kids - Fisher's Landing / Hair Salon / Hairdresser
    • Fancy Nails & Spa / Nail Salon / Facial Spa
    • Dr. John Lewis / Chiropractor

    Property Details for 3000 164th Ave

    Year built
    2006
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.62 lot acres
    Property size
    20,141 SF
    Zone code
    CG : VAN
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    121839-000
    APU
    121839000

    Description

    Fisher's Village, a vibrant community commercial center in Vancouver, Washington, presents a compelling investment opportunity. This 20,038 square foot strip center, built in 2005, boasts a prime location at 3000 SE 164th Ave, 98683, within the thriving Fisher's Landing area. Situated on a 1.62-acre lot, the property offers ample parking with 110 spaces, ensuring convenient access for customers and employees. The center is zoned Community Commercial, providing flexibility for a variety of retail and office uses. Currently, there are two available spaces, ranging from 1,290 to 1,782 square feet, representing a total of 3,790 square feet of vacant space. The property enjoys excellent visibility and accessibility, positioned north of SE 34th Street/Cascade Park Drive and south of SE Village Loop, conveniently located between I-HOP and Banner Bank. This well-maintained center offers a strong foundation for immediate occupancy and future growth, making it an ideal investment for discerning buyers seeking a high-traffic location in a rapidly developing area of Clark County. The property's strategic location and existing infrastructure provide a solid base for long-term success. The available spaces offer a unique chance to establish or expand a business in a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,830,000
      ML approach
      $4,830,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,245,000
      6.5%
      $3,920,000
      7%
      $3,640,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,343,000
      Market price range: $2.47M - $7.69M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.505
    Latitude
    45.5992
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $39,637
    $2,053,095
    $2,101,005
    $4,154,100
    -
    $2,053,095
    $2,101,005
    $4,154,100

    Comparable in this City

    • Value Estimation
      $455,000
      18,140 SF

      3425 192nd Ave, Unit 7

      SHOPPING CENTER, STRIP CENTER • 18,140 SF
      3425 192nd Ave, Vancouver, WA 98683-1466
      View Details
    • Value Estimation
      $430,000
      11,908 SF

      808 Chkalov Dr Ste, Unit 4

      SHOPPING CENTER, STRIP CENTER • 11,908 SF
      808 Chkalov Dr Ste, Vancouver, WA 98683-5275
      View Details
    • Value Estimation
      $620,000
      15,927 SF

      16415 15th St

      SHOPPING CENTER, STRIP CENTER • 15,927 SF
      16415 15th St, Vancouver, WA 98683-9802
      View Details
    • Value Estimation
      $340,000
      7,342 SF

      1125 163rd Pl

      SHOPPING CENTER, STRIP CENTER • 7,342 SF
      1125 163rd Pl, Vancouver, WA 98683-4467
      View Details
    • Value Estimation
      $470,000
      11,000 SF

      700 Chkalov Dr Ste, Unit 3

      SHOPPING CENTER, STRIP CENTER • 11,000 SF
      700 Chkalov Dr Ste, Vancouver, WA 98683-5202
      View Details
    • Value Estimation
      $1,040,000
      54,286 SF

      316 123rd Ave Ste, Unit 3

      SHOPPING CENTER, STRIP CENTER • 54,286 SF
      316 123rd Ave Ste, Vancouver, WA 98683-4056
      View Details

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    • $20 SF/Yr
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      Cascade Village Retail Spaces

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      Prime Vancouver Medical Office Space

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    3000 164th Ave, Unit 62
    Vancouver, WA 98683-9314
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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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