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    16Th Ave Vancouver, WA 98685

    • Land
    • 7.57 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 16Th Ave

    Lot size
    7.57 lot acres
    Property type
    Land

    Description

    This exceptional 7.57-acre commercial land parcel in Salmon Creek, Washington, presents a compelling investment opportunity. Located in Clark County, near the intersection of N.E. 136th St & NE 16th Ave (zip code 98685), this property is zoned for Light Industrial use (IL) and offers significant potential for diverse development. Priced aggressively at approximately $277,000 per acre, significantly below market value, this represents a substantial savings for the buyer. A motivated seller is offering financing options, making this an even more attractive proposition. The site boasts a prime location in a rapidly growing area of Vancouver, surrounded by established amenities including Washington State University, Kaiser Permanente, Legacy Medical Center, new retail developments, and multi-family housing. Its convenient access to Interstates 5 and 205 enhances its appeal. The high average household income exceeding $100,000 in the area underscores the strong market demand. This location is ideal for various projects, including office buildings, retail spaces, storage facilities, RV parks, or healthcare facilities. Don't miss this chance to acquire a highly desirable development site in a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.656
    Latitude
    45.72

    Comparable in this City

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      Land • 1.00 Acre
      14100 3Rd Ct, Vancouver, WA 98685
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      0.90 Acres

      112Th Dr

      Land • 100,000 SF
      0 112Th Dr, Vancouver, WA 98685
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    • Value Estimation by Request
      1,296 SF

      1311 136th St

      COMMERCIAL (GENERAL) • 1,296 SF
      1311 136th St, Vancouver, WA 98685-2750
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      0.45 Acres

      Vancouver, WA 98685

      VACANT COMMERCIAL LAND • 0.45 Acres
      Vancouver, WA 98685
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    • Value Estimation by Request
      0.21 Acres

      12510 36th Ave

      VACANT COMMERCIAL LAND • 1,056 SF
      12510 36th Ave, Vancouver, WA 98685-2227
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    Similar Nearby for Sale

    • $1,245,120

      Land For Sale Vancouver, WA

      Land available for sale in Vancouver, Washington.
      136 NE 136Th St, Vancouver, WA 98685
      View Details
    • New
      $220,000
      0.24 Acres

      Residential Land in Vancouver, WA

      Residential land with proposed build in Salmon Creek area.
      317 NE Bassel Rd, Vancouver, WA 98685
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    • $3,500,000

      Industrial Land Near Vancouver Mall

      6.08 acres of industrial land near I-5/I-205 interchange.
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    16Th Ave
    Vancouver, WA 98685
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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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