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Property profile & analytics
OFF-MARKET
Estimated value
$12,280,000
Warehouses
11006 37th Cir, Vancouver, WA 98682-7216
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1270283
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1991
Construction
STEEL FRAME
Total area
27,600 SF
Lot
1.46 ac (63,598 SF)
Zoning code
IL : VAN
APN
108472-094
UPID
US90-1270283
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
-
Liberty Door & Window LLC Hardware & Home Improvement Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.28M
Owner & transaction history
Harsch Inv Props LLC · 5 yrs held
Harsch Inv Props LLC
since 2020
Last sale
$11.0M
4 recorded transactions
Zoning & alternative use
IL : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.2M
+150.4%
Retail stores
$8.8M
+141.4%
Medical building
$7.6M
+107.1%
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
$14,365,000
ML approach
$12,760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$9,155,000
Change: +150% · Conversion: Difficult
RETAIL STORES
$8,825,000
Change: +141% · Conversion: Moderate
MEDICAL BUILDING
$7,570,000
Change: +107% · Conversion: Difficult
Blend value · Realmo final
$12.28M
Range $11.05M – $13.51M · ±10% · vs last sale $11.00M (Dec 22 2020)
Last sale anchor
$11.00M
Dec 22 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
$445 / 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
$26,538
Tax year 2023
Assessed value
$2,780,900
Assessed 2023
Previous assessed
$2,418,200
+15.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$422,384
Assessed improvement
$2,358,516
Land market value
$422,384
Improvement market value
$2,358,516
Total market value
$2,780,900
Applied tax rate
10,143.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1991
Construction
STEEL FRAME
Heating
OTHER
Stories
1
Total area
27,600 SF
Lot
1.46 ac (63,598 SF)
Zoning code
IL : VAN
APN
108472-094
UPID
US90-1270283
Jurisdiction
CLARK
Zoning & alternative use
IL : VAN · Vancouver, WA
Zoning IL : VAN · permitted uses
IL : 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$9.2M
RETAIL STORES
Est. value
$8.8M
MEDICAL BUILDING
Est. value
$7.6M
RESTAURANT
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
1991
Construction
STEEL FRAME
Heating
OTHER
Stories
1
Lot
1.46 ac
Current owner
From public records · entity-resolved
Harsch Inv Props LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1121 SW SALMON ST FL 5TH, PORTLAND, OR 97205-2022
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2020
—
Harsch Inv Props LLC
Administrative J A E Trust
Warranty Deed
—
Apr 6, 2007
—
John A Elorriaga
Elorriaga,john A
Quit Claim Deed
related
—
Jan 11, 1999
—
John A Elorriaga
Elorriaga,lois C
Quit Claim Deed
related
$1,000,000 · American United Life Insur Co
Apr 11, 1990
$560,000
238 S-h-eddy-souther
Unknown
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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