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Property profile & analytics
OFF-MARKET
Estimated value
$5,375,000
Strip malls
11516 Ml Pln Blvd Vancouver, WA 98684-5005
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1542767
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1982
Construction
WOOD
Total area
37,427 SF
Lot
2.86 ac (124,582 SF)
Zoning code
CG : VAN
APN
114727-252
UPID
US90-1542767
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
-
Planned Parenthood - Vancouver Health Center Abortion Clinic Family Planning Center
-
Shaila Alter Physician
-
HearUSA Hearing Aid Store Audiologist
-
Paul's Cigars (Bike/Boat/Book/etc) Store
-
Back and Neck Care Chiropractic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.38M
Owner & transaction history
Tjm Investments LLC · 8 yrs held
Tjm Investments LLC
since 2017
7 recorded transactions
Zoning & alternative use
CG : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.9M
+2.8%
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%
$7,890,000
6.5%
$7,285,000
7%
$6,765,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$8,635,000
Current use
COMMERCIAL (GENERAL)
$8,880,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,770,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$5.38M
Range $4.84M – $5.91M · ±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
$144 / 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
$93,985
Tax year 2023
Assessed value
$9,851,600
Assessed 2023
Previous assessed
$8,566,600
+15.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$2,740,244
Assessed improvement
$7,111,356
Land market value
$2,740,244
Improvement market value
$7,111,356
Total market value
$9,851,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
37,427 SF
Lot
2.86 ac (124,582 SF)
Zoning code
CG : VAN
APN
114727-252
UPID
US90-1542767
Jurisdiction
CLARK
Zoning & alternative use
CG : VAN · Vancouver, WAZoning CG : VAN · permitted uses
CG : VAN · Vancouver, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$8.6M
COMMERCIAL (GENERAL)
Est. value
$8.9M
AUTO REPAIR, GARAGE
Est. value
$7.8M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1982
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
2.86 ac
Current owner
From public records · entity-resolved
Tjm Investments LLC
Entity
Mailing address
PO BOX 529, EUGENE, OR 97440-0529
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2018
—
205 Commerce LLC
—
Grant Deed
related
$8,000,000 · Wells Fargo Bk
Aug 18, 2017
—
Fre 593 LLC
—
Grant Deed
related
$8,000,000 · First Hawaiian Bk
Aug 16, 2017
—
Tjm Investments LLC
Jensen,rebecca A
Grant Deed
—
Oct 15, 2014
—
Fre 593 LLC|kensington Inv Group LLC
—
Grant Deed
related
$5,350,000 · Umpqua Bk
Oct 9, 2014
—
Fre 593 LLC
Fre 593 LLC
Quit Claim Deed
—
Sep 15, 2014
$5,300,000
Fre 593 LLC
Realvest 205 Commerce LLC
Grant Deed
—
Aug 31, 2004
—
Realvest 205 Commerce LLC
Realvest 205 Commerce LLC
Quit Claim Deed
related
$3,200,000 · Morgan Stanley Mtg Capital INC
Aug 20, 2004
$4,200,000
Realvest 205 Commerce LLC
205 Commerce Center Ltd
Warranty Deed
related
—
—
—
Commerce Center Ltd
—
Deed Of Trust
related
$2,150,000 · Seattle-first National Bank
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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