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Property profile & analytics
OFF-MARKET
Estimated value
$1,130,000
Turn key restaurants
10718 Lakeshore Ave Vancouver, WA 98685-4720
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0751289
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2018
Construction
WOOD
Total area
2,508 SF
Lot
0.55 ac (23,958 SF)
Zoning code
NC : CLK
APN
188693-000
UPID
US90-0751289
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
-
Creed Coffee Co. Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$813k
Blend (final)
Blend
$1.13M
Owner & transaction history
Life Properties LLC · 6 yrs held
Life Properties LLC
since 2020
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
NC : 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
$1,370,000
ML approach
$1,360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$830,000
Current use
RETAIL STORES
$800,000
Change: -4% · Conversion: Easy
MEDICAL BUILDING
$690,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.13M
Range $1.02M – $1.24M · ±10% · vs last sale $1.05M (Mar 26 2020)
Last sale anchor
$1.05M
Mar 26 2020
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
$451 / 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
$8,023
Tax year 2023
Assessed value
$808,750
Assessed 2023
Previous assessed
$705,700
+14.6% YoY
Effective rate
0.99%
On assessed value
Assessed land
$191,500
Assessed improvement
$617,250
Land market value
$191,500
Improvement market value
$617,250
Total market value
$808,750
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2018
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Total area
2,508 SF
Lot
0.55 ac (23,958 SF)
Zoning code
NC : CLK
APN
188693-000
UPID
US90-0751289
Jurisdiction
CLARK
Zoning & alternative use
NC : CLK · Vancouver, WAZoning NC : CLK · permitted uses
NC : 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
RESTAURANT Current
Est. value
$830,000
RETAIL STORES
Est. value
$800,000
MEDICAL BUILDING
Est. value
$690,000
RESTAURANT Current
RETAIL STORES
MEDICAL BUILDING
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
2018
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Life Properties LLC
Entity
Mailing address
13023 NE HWY 99TH 7TH STE #7, VANCOUVER, WA 98686-2699
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2020
$1,050,000
Life Properties LLC
Efs Joint Venture LLC
Warranty Deed
$500,000 · Jpmorgan Chase Bank NA
Aug 21, 2018
—
Efs Joint Venture LLC
—
Deed
related
$660,000 · Heritage Bank
Feb 6, 2018
—
Efs Jv LLC
—
Deed
related
$1,378,646 · Lake Shore Dev Corp
Dec 27, 2017
—
Efs Jv LLC
—
Deed
related
$1,378,646 · Lake Shore Dev Corp
Feb 6, 2017
—
Efs Jv LLC
Lake Shore Dev Corp
Quit Claim Deed
related
—
Oct 21, 2014
—
Lake Shore Dev Corp
Lake Shore Dev Corp
Quit Claim Deed
related
—
Oct 27, 1998
$225,000
Vinton Erickson
Baldwin Trust
Grant Deed
$180,000 · Bank Of Vancouver
—
—
Lake Shore Dev Corp
—
Deed Of Trust
related
—
—
—
Efs Jv LLC
—
Deed Of Trust
related
$1,378,646 · Lake Shore Dev Corp
—
—
Efs Jv LLC
—
Deed Of Trust
related
$1,378,646 · Lake Shore Dev Corp
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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