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Property profile & analytics
FOR LEASE
Flex space
10018 Northeast 72Nd Ave, Vancouver, WA 98686
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1746273
For Lease
1 / 3
$20,325,000
10018 Northeast 72Nd Ave, Vancouver, WA 98686
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Property summary
AI-generated overview
This exceptional Vancouver, WA industrial property, part of the Barberton Industrial Park, offers a prime location and flexible warehouse space. Building 1, constructed in 2007, boasts a total of 158,496 square feet across two suites, with 108,029 square feet currently vacant. The minimum divisible space is 28,800 square feet, allowing for various tenant needs. The single-story building features a 30-foot ceiling height, providing ample vertical storage capacity. Loading is facilitated by 24 dock-high doors and 10 drive-in doors. The property is zoned IL and situated in Clark County, offering easy access to major transportation arteries. Its strategic location provides convenient access to Interstate 205 (3 minutes away) and Interstate 5 (7 minutes away), placing it within close proximity to Downtown Vancouver (8 miles), Portland International Airport (12.6 miles), and Downtown Portland (17 miles). This warehouse space is ideal for distribution and various industrial operations. The entire park comprises approximately 204,040 square feet across three buildings.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2007
Construction
STEEL FRAME
Total area
158,472 SF
Lot
6.49 ac (282,704 SF)
Zoning code
IL : CLK
APN
199071-002
UPID
US90-1746273
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
Current use
Occupant on record · Public records
-
Multifab Packaging Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$22.03M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.33M
Owner & transaction history
Rar2 10018 Ne 72nd Ave LLC · 4 yrs held
Rar2 10018 Ne 72nd Ave LLC
since 2021
Last sale
$20.0M
2 recorded transactions
Zoning & alternative use
IL : CLK · Vancouver, 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 Vancouver submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vancouver 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
$19,270,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$23,865,000
6.5%
$22,030,000
7%
$20,455,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$32,910,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$20.33M
Range $18.29M – $22.36M · ±10% · vs last sale $20.00M (Dec 29 2021)
Last sale anchor
$20.00M
Dec 29 2021
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
$128 / 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
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$113,236
Tax year 2023
Assessed value
$14,416,061
Assessed 2023
Previous assessed
$13,105,510
+10.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$1,453,815
Assessed improvement
$12,962,246
Land market value
$1,453,815
Improvement market value
$12,962,246
Total market value
$14,416,061
Applied tax rate
10,286.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
2007
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
158,472 SF
Lot
6.49 ac (282,704 SF)
Zoning code
IL : CLK
APN
199071-002
UPID
US90-1746273
Jurisdiction
CLARK
Zoning & alternative use
IL : CLK · Vancouver, WA
Zoning IL : CLK · permitted uses
IL : CLK · Vancouver, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vancouver. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$32.9M
AUTO REPAIR, GARAGE
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
2007
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
6.49 ac
Current owner
From public records · entity-resolved
Rar2 10018 Ne 72nd Ave LLC
Entity
Free & Clear · 4 yrs held
Mailing address
101 CALIFORNIA ST FL, SAN FRANCISCO, CA 94111-5802
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2021
$20,000,000
Rar2 10018 Ne 72nd Ave LLC
Rosan INC
Special Warranty Deed
—
Dec 6, 2006
—
Rosan INC
Rosan INC
Quit Claim Deed
—
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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