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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Bars & Pubs
10505 53rd Ave 26 Vancouver, WA 98686-6058
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0015074
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1970
Total area
5,552 SF
Lot
7.16 ac (311,890 SF)
Zoning code
R1-6 : CLK
APN
199080-000
UPID
US90-0015074
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
-
Nomad Country Club Mobile Home Campground & RV Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$666k
Blend (final)
Blend
$595k
Owner & transaction history
Nomad Community LLC · 14 yrs held
Nomad Community LLC
since 2012
4 recorded transactions
Zoning & alternative use
R1-6 : CLK · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$830,000
+74.9%
Restaurant
$695,000
+46.5%
Medical building
$585,000
+23.8%
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
by Request
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NIGHTCLUB (COCKTAIL LOUNGE)
$475,000
Current use
COMMERCIAL (GENERAL)
$830,000
Change: +75% · Conversion: Difficult
RESTAURANT
$695,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$585,000
Change: +24% · Conversion: Difficult
AUTO REPAIR, GARAGE
$485,000
Change: +2% · Conversion: Difficult
WAREHOUSE, STORAGE
$460,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±10%
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
$107 / 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
$24,122
Tax year 2023
Assessed value
$2,789,800
Assessed 2023
Previous assessed
$2,947,600
-5.4% YoY
Effective rate
0.86%
On assessed value
Assessed land
$2,183,200
Assessed improvement
$606,600
Land market value
$2,183,200
Improvement market value
$606,600
Total market value
$2,789,800
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1970
Heating
HEAT PUMP
Stories
2
Total area
5,552 SF
Lot
7.16 ac (311,890 SF)
Zoning code
R1-6 : CLK
APN
199080-000
UPID
US90-0015074
Jurisdiction
CLARK
Zoning & alternative use
R1-6 : CLK · Vancouver, WAZoning R1-6 : CLK · permitted uses
R1-6 : CLK · Vancouver, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NIGHTCLUB (COCKTAIL LOUNGE) Current
Est. value
$475,000
COMMERCIAL (GENERAL)
Est. value
$830,000
RESTAURANT
Est. value
$695,000
MEDICAL BUILDING
Est. value
$585,000
AUTO REPAIR, GARAGE
Est. value
$485,000
WAREHOUSE, STORAGE
Est. value
$460,000
NIGHTCLUB (COCKTAIL LOUNGE) Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1970
Heating
HEAT PUMP
Stories
2
Lot
7.16 ac
Current owner
From public records · entity-resolved
Nomad Community LLC
Entity
Free & Clear · 14 yrs held
Mailing address
1188 MARINE DR, LAGUNA BEACH, CA 92651-1331
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2019
—
Nomad Community LLC
—
Deed
related
$2,146,000 · Wells Fargo Bank NA
May 1, 2012
$2,740,000
Nomad Community LLC
Bax Investment Properties LLC
Grant Deed
—
May 1, 2012
—
Nomad Community LLC
Hamberg Family Trust
Warranty Deed
$1,700,000 · Hamberg Family Trust (pt)
Oct 1, 2008
$2,400,000
Bax Investment Properties LLC
Hamberg Glenn E & R D
Grant 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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