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Property profile & analytics
OFF-MARKET
Estimated value
$1,460,000
Strip malls
10607 Hwy 99 Vancouver, WA 98686-5699
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1663857
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1992
Construction
CONCRETE
Total area
11,100 SF
Lot
0.9 ac (39,204 SF)
Zoning code
GC : CLK
APN
118007-015
UPID
US90-1663857
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.46M
Owner & transaction history
Holly Park2 LLC · 3 yrs held
Holly Park2 LLC
since 2022
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
GC : 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
$1,360,000
ML approach
$1,405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,305,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.46M
Range $1.31M – $1.61M · ±10% · vs last sale $1.53M (Aug 24 2022)
Last sale anchor
$1.53M
Aug 24 2022
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
$132 / 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
$16,517
Tax year 2023
Assessed value
$1,665,000
Assessed 2023
Previous assessed
$1,503,300
+10.8% YoY
Effective rate
0.99%
On assessed value
Assessed land
$529,100
Assessed improvement
$1,135,900
Land market value
$529,100
Improvement market value
$1,135,900
Total market value
$1,665,000
Applied tax rate
10,029.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1992
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
11,100 SF
Lot
0.9 ac (39,204 SF)
Zoning code
GC : CLK
APN
118007-015
UPID
US90-1663857
Jurisdiction
CLARK
Zoning & alternative use
GC : CLK · Vancouver, WAZoning GC : CLK · permitted uses
GC : 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
AUTO REPAIR, GARAGE
Est. value
$2.3M
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
1992
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Holly Park2 LLC
Entity
Mailing address
6715 NE 63RD ST STE #103, VANCOUVER, WA 98661-2099
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2022
—
Holly Park2 LLC
Benjamin Tehrani
Quit Claim Deed
related
$100,000 · Iq Cu
Dec 18, 2020
$1,531,813
Benjamin Tehrani
Nesburg Brothers Prop LLC
Warranty Deed
—
Dec 18, 2020
—
Benjamin Tehrani
Diana L Tehrani
Quit Claim Deed
related
—
Nov 29, 2016
—
Nesburg Brothers Props LLC
—
Deed
related
$780,000 · Umpqua Bk
May 3, 2005
—
Nesburg Brothers Props LLC
—
Trustees Deed
related
$75,000 · Umpqua Bank
Sep 27, 1991
$100,000
Nesburg Brothers Properties
Unknown
Grant Deed
—
—
—
Nesburg Brothers Properties
—
Deed Of Trust
related
$774,750 · Northwest National Bank
—
—
Nesburg Brothers Properties
—
Deed Of Trust
related
$774,750 · Northwest National Bank
—
—
Nesburg Brothers Properties
—
Deed Of Trust
related
$100,000 · Northwest National Bank
—
—
Nesburg Brothers Props LLC
—
Deed Of Trust
related
$810,345 · Umpqua Bank
—
—
Nesburg Brothers Props LLC
—
Loan Modification
related
$780,000 · Umpqua Bk
—
—
Nesburg Brothers Properties
—
Deed Of Trust
related
$862,670 · Umpqua Bank
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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