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Property profile & analytics
OFF-MARKET
Estimated value
$31,355,000
Warehouses
1115 164th Ave 2, Vancouver, WA 98683-9324
Individually Owned
11-yr Hold
Free & Clear
Property ID
US90-0253382
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1981
Construction
STEEL FRAME
Total area
488,000 SF
Lot
22.38 ac (974,873 SF)
Zoning code
IL : VAN
APN
115060-000
UPID
US90-0253382
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
-
Blink Charging Station Electric Vehicle Charging Station
-
Hewlett Packard Research And Product Development
-
Synthetic Soccer Field Corporate Office
-
Dr. Yolanda Vea Physician Hospital
-
PeaceHealth System Services Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$43.61M
Blend (final)
Blend
$31.36M
Owner & transaction history
Peacehealth · 11 yrs held
Peacehealth
since 2014
7 recorded transactions
Zoning & alternative use
IL : 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$31.36M
Range $28.22M – $34.49M · ±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
$64 / 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
$299,840
Tax year 2023
Assessed value
$31,429,800
Assessed 2023
Previous assessed
$27,330,300
+15.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$9,249,301
Assessed improvement
$22,180,499
Land market value
$9,249,301
Improvement market value
$22,180,499
Total market value
$31,429,800
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
1981
Construction
STEEL FRAME
Heating
OTHER
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
1
Total area
488,000 SF
Lot
22.38 ac (974,873 SF)
Zoning code
IL : VAN
APN
115060-000
UPID
US90-0253382
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.
Building & site characteristics
From public records
Year built
1981
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
22.38 ac
Current owner
From public records · entity-resolved
Peacehealth
Individual
Free & Clear · 11 yrs held
Mailing address
1115 SE 164TH AVE DEPT #326, VANCOUVER, WA 98683-8003
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2014
$25,700,000
Peacehealth
Columbia Tech Center LLC
Grant Deed
—
Oct 20, 2005
—
City Of Vancouver
Columbia Tech Center LLC
Grant Deed
related
—
Apr 25, 2003
—
Vancouver City (wa)
Columbia Tech Center LLC
Grant Deed
related
—
Apr 5, 2000
$14,500,000
Columbia Tech Center LLC
Hewlett-packard Co
Grant Deed
—
Sep 2, 1998
$417,588
Columbia Tech Center LLC
Hewlett-packard Co
Grant Deed
—
Oct 24, 1996
$13,500,000
Hewlett-packard Co
Tektronix INC
Grant Deed
—
—
—
Columbia Tech Center LLC
—
Deed Of Trust
related
$15,000,000 · Northwestern Mutual Life Ins
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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