Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11508 119th St Vancouver, WA 98662-1600

    • Grocery and convenience stores
    • 4,251 SF
    • 1.02 lot acres
    OFF-MARKET
    Value Estimations
    $720,000
    Show details
    Cap Rate Potential
    9.6%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US90-2842391
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • ARCO / Car Wash / Gas Station
    • bp pulse Charging Station / Electric Vehicle Charging Station

    Property Details for 11508 119th St

    Year built
    2019
    Lot size
    1.02 lot acres
    Property size
    4,251 SF
    Zone code
    CC : CLK
    Property type
    Grocery and convenience stores
    APN
    986043-245
    APU
    986043245

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $560,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $895,000
      6.5%
      $825,000
      7%
      $770,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $767,000
      Market price range: $422k - $768k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $980,000
      Current use
      MEDICAL BUILDING
      $1,165,000
      Change: +19% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,010,000
      Change: +3% Conversion: Easy
      AUTO REPAIR, GARAGE
      $885,000
      Change: -10% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.553
    Latitude
    45.7094
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $22,021
    $940,775
    $1,970,625
    $2,911,400
    -
    $940,775
    $1,970,625
    $2,911,400

    Comparable in this City

    • Value Estimation
      $4,340,000
      2,499 SF

      9414 Vancouver Mall Dr, Unit 110

      CONVENIENCE STORE • 2,499 SF
      9414 Vancouver Mall Dr, Vancouver, WA 98662-6172
      View Details
    • Value Estimation by Request
      2,675 SF

      4905 94th Ave

      CONVENIENCE STORE • 2,675 SF
      4905 94th Ave, Vancouver, WA 98662-6103
      View Details
    • Value Estimation by Request
      1,248 SF

      9404 76th St

      CONVENIENCE STORE • 1,248 SF
      9404 76th St, Vancouver, WA 98662-3762
      View Details
    • Value Estimation by Request
      1,560 SF

      8601 Burton Rd

      CONVENIENCE STORE • 1,560 SF
      8601 Burton Rd, Vancouver, WA 98662-7393
      View Details
    • Value Estimation
      $2,065,000
      3,726 SF

      9920 117th Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 3,726 SF
      9920 117th Ave, Vancouver, WA 98662-1503
      View Details
    • Value Estimation
      $530,000
      3,323 SF

      9914 117th Ave

      CONVENIENCE STORE • 3,323 SF
      9914 117th Ave, Vancouver, WA 98662-1503
      View Details

    Similar Nearby for Sale

    • $30,510,000
      151,407 SF

      Prime Vancouver Retail Opportunity

      High-yield retail investment, 151,407 SF
      7500-7600 41St St, Vancouver, WA 98662
      View Details
    • $4,400,000

      Red Robin Vancouver Mall Outparcel

      Long-term leased restaurant property near Vancouver Mall.
      8311 NE Vancouver Mall Dr, Vancouver, WA 98662
      View Details
    • $7,385,000
      49,975 SF

      NNN Leased Retail Investment Property

      NNN-leased Floor & Decor investment property in Vancouver, Washington.
      11608 Northeast 76Th St, Vancouver, WA 98662
      View Details
    • Contact for pricing
      2.93 Acres

      Vancouver Commercial Land Opportunity

      Prime Commercial Land Near Winco
      11208 119Th St, Vancouver, WA 98662
      View Details
    • $13,600,000
      65,000 SF

      Van Mall Professional Campus

      Prime Vancouver Office Complex, 100% Leased
      9300 Van Mall Dr, Vancouver, WA 98662
      View Details
    • $329,000

      Updated Condo in Quiet Location

      Well-maintained condo with new HVAC and private balcony.
      8100 NE 104Th Cir, Vancouver, WA 98662
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      177,042 SF

      Retail Space in Fred Meyer Center

      Retail space available in Fred Meyer-anchored shopping center.
      7411 NE 117Th Ave, Vancouver, WA 98662
      View Details
    • Contact for pricing
      3,800 SF

      Prime Vancouver Retail Outparcel

      3,800 SF Retail Space Available
      9914 117Th Ave, Vancouver, WA 98662
      View Details
    • $17 SF/Yr
      56,079 SF

      Orchards Center: Vancouver Retail Space

      Prime Vancouver retail space, multiple units available.
      10411 Fourth Plain Blvd, Vancouver, WA 98662
      View Details
    • Contact for pricing
      338,719 SF

      Vancouver Logistics Phase II

      Class-A Industrial Space Available
      7704 72Nd Ave, Vancouver, WA 98662
      View Details
    • $22 SF/Yr
      9,447 SF

      Regus ELW Building: Vancouver Office Space

      Modern Vancouver Office Suites, Flexible Options
      4400 77Th Ave, Vancouver, WA 98662
      View Details
    • $25 SF/Yr
      95,873 SF

      The 4400 Bldg: Premier Office Space

      Class A Office, Multiple Suites Available
      4400 77Th Ave, Vancouver, WA 98662
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11508 119th St
    Vancouver, WA 98662-1600
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.