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Property profile & analytics
OFF-MARKET
Estimated value
$14,550,000
Turn key restaurants
111 Columbia Way Vancouver, WA 98661-3800
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0761858
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1980
Construction
WOOD
Total area
8,564 SF
Lot
0.8 ac (34,848 SF)
Zoning code
CX : VAN
APN
038279-908
UPID
US90-0761858
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
-
Who Song & Larry's Restaurant
-
Waterfront Park Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$14.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.55M
Owner & transaction history
Renaissance Boardwalk Group II LLC · 1 yrs held
Renaissance Boardwalk Group II LLC
since 2024
Last sale
$14.6M
6 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
$14,550,000
ML approach
$14,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.55M
Range $13.10M – $16.01M · ±10% · vs last sale $14.55M (Oct 17 2024)
Last sale anchor
$14.55M
Oct 17 2024
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
$1,699 / 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
$38,585
Tax year 2023
Assessed value
$4,134,600
Assessed 2023
Previous assessed
$4,134,600
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$4,134,600
Land market value
$4,134,600
Total market value
$4,134,600
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
OTHER
Stories
2
Total area
8,564 SF
Lot
0.8 ac (34,848 SF)
Zoning code
CX : VAN
APN
038279-908
UPID
US90-0761858
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
1980
Construction
WOOD
Heating
OTHER
Stories
2
Lot
0.8 ac
Current owner
From public records · entity-resolved
Renaissance Boardwalk Group II LLC
Entity
Mailing address
2370 E 3RD LOOP STE #100, VANCOUVER, WA 98661-7736
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2024
—
Renaissance Boardwalk Group II LLC
Renaissance Boardwalk Ventures LLC
Quit Claim Deed
related
$4,500,000 · Red Canoe Cu
Sep 8, 2021
$14,550,000
Renaissance Boardwalk Ventures LLC
Acw Properties Series 1 LLC
Warranty Deed
$12,500,000 · Bay Point Capital Partners II LP
Dec 27, 2007
$1,096,447
Acw Properties Series 2 LLC
Roj Properties Series 2 LLC
Quit Claim Deed
related
—
Dec 21, 2005
—
Roj Properties Series 2 LLC
Johnson Robert 2005 Trust
Quit Claim Deed
related
—
Nov 7, 2005
—
Johnson Robert 2005 Trust
Johnson,robert O
Quit Claim Deed
related
—
—
—
Roj Properties Series 2 LLC
—
Deed Of Trust
related
$1,450,000 · Johnson Robert 2005 Tr (tr)
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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