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Property profile & analytics
OFF-MARKET
Estimated value
$2,280,000
Retail space
109 9th St, Vancouver, WA 98660
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0632216
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1910
Construction
WOOD
Total area
14,400 SF
Lot
0.17 ac (7,500 SF)
Zoning code
CX : VAN
APN
048080-000
UPID
US90-0632216
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
-
Precise Lawn Care Landscaping
-
The Valiant Ballroom | A Portland Metro Area Venue Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.62M
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$2.28M
Owner & transaction history
Ludesher LLC · 15 yrs held
Ludesher LLC
since 2010
7 recorded transactions
Zoning & alternative use
CX : VAN · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,835,000
6.5%
$2,615,000
7%
$2,430,000
Blend value · Realmo final
$2.28M
Range $2.05M – $2.51M · ±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
$158 / 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
$22,669
Tax year 2023
Assessed value
$2,428,600
Assessed 2023
Previous assessed
$2,428,600
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$412,500
Assessed improvement
$2,016,100
Land market value
$412,500
Improvement market value
$2,016,100
Total market value
$2,428,600
Applied tax rate
10,000.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1910
Construction
WOOD
Heating
NONE
Stories
1
Total area
14,400 SF
Lot
0.17 ac (7,500 SF)
Zoning code
CX : VAN
APN
048080-000
UPID
US90-0632216
Jurisdiction
CLARK
Zoning & alternative use
CX : VAN · Vancouver, WA
Zoning CX : VAN · permitted uses
CX : VAN · 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.
Building & site characteristics
From public records
Year built
1910
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Ludesher LLC
Entity
Mailing address
425 SW IOWA ST, PORTLAND, OR 97239
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2011
—
Ludesher LLC
—
Trustees Deed
related
$417,700 · Columbia Community Bank
Jul 21, 2010
$400,000
Ludesher LLC
City Natl Bk
Grant Deed
$250,000 · Columbia Community Bank
Jul 21, 2010
—
City Natl Bk
Federal Deposit Ins Corp
Grant Deed
—
Feb 6, 2008
$945,000
Imperial Capital Bank
Larson,michael A
Trustees Deed
related
—
Jun 10, 2004
$1,249,494
Mdc V LLC
Washougal Development Corp
Grant Deed
—
Jun 10, 2004
$1,699,000
Vancouver R E Investments LLC
Mdc V LLC
Grant Deed
—
Sep 5, 2001
$1,200,002
Washougal Development Corp
Mason Trust
Grant Deed
$757,250 · First Mutual Bank
Aug 10, 1999
—
Mdc I LLC
Madevco INC
Quit Claim Deed
related
—
Jul 3, 1997
$525,000
Madevco INC
De Vargas Walker,wayne A & Patri
Grant Deed
$380,000 · Nei Pension Investors LP
Aug 27, 1993
$200,000
Wayne Devargas
Unknown
Grant Deed
—
—
—
Carl V Mason
—
Deed Of Trust
related
$9,564 · Mortgage Lenders Of America
—
—
Vancouver R E Investments LLC
—
Deed Of Trust
related
$1,000,000 · Imperial Capital Bank
—
—
Mason Trust
—
Deed Of Trust
related
$715,000 · Source Capital Corp
—
—
Washougal Development Corp
—
Deed Of Trust
related
$150,000 · Todays Bank
—
—
Mdc-i LLC
—
Deed Of Trust
related
$175,000 · Individual
—
—
Ludesher LLC
—
Deed Of Trust
related
$925,000 · Miscellaneous Ins Co
—
—
Ludesher LLC
—
Deed Of Trust
related
$975,000 · Columbia Community Bank
—
—
Vancouver Re Investments
—
Deed Of Trust
related
$235,000 · Cks INC
—
—
Carl V Mason
—
Deed Of Trust
related
$7,500 · Mortgage Lenders Of America In
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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