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Property profile & analytics
OFF-MARKET
Estimated value
$3,950,000
Industrial properties
11815 113th St 34, Vancouver, WA 98662-1639
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US90-1609733
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
2006
Construction
TYPE NOT SPECIFIED
Total area
28,800 SF
Lot
2.39 ac (104,108 SF)
Zoning code
IL : CLK
APN
200092-000
UPID
US90-1609733
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
-
Infinite Red, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
New Tradition Realty Real Estate Agency
-
JS Structural, PLLC Structural Engineer
-
New Tradition Homes Construction Company General Contractor
-
Creative Interiors and Design Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.01M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.95M
Owner & transaction history
Highway 503 Properties LLC · 17 yrs held
Highway 503 Properties LLC
since 2008
7 recorded transactions
Zoning & alternative use
IL : CLK · 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%
$4,335,000
6.5%
$4,005,000
7%
$3,720,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,980,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$3.95M
Range $3.56M – $4.35M · ±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
$137 / 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
$32,698
Tax year 2023
Assessed value
$4,258,700
Assessed 2023
Previous assessed
$3,871,500
+10.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$755,827
Assessed improvement
$3,502,873
Land market value
$755,827
Improvement market value
$3,502,873
Total market value
$4,258,700
Applied tax rate
10,284.0000
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
2006
Construction
TYPE NOT SPECIFIED
Heating
OTHER
Buildings
2
Stories
1
Total area
28,800 SF
Lot
2.39 ac (104,108 SF)
Zoning code
IL : CLK
APN
200092-000
UPID
US90-1609733
Jurisdiction
CLARK
Zoning & alternative use
IL : CLK · Vancouver, WA
Zoning IL : CLK · permitted uses
IL : CLK · 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
AUTO REPAIR, GARAGE
Est. value
$6.0M
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
2006
Construction
TYPE NOT SPECIFIED
Heating
OTHER
Stories
1
Buildings
2
Lot
2.39 ac
Current owner
From public records · entity-resolved
Highway 503 Properties LLC
Entity
Mailing address
PO BOX 87908, VANCOUVER, WA 98687-7908
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2024
—
Highway 503 Properties LLC
—
Deed
related
$5,210,000 · Heritage Southeast Bank
Nov 12, 2020
—
Highway 503 Properties LLC
—
Deed
related
$842,376 · Riverview Community Bank
Oct 8, 2008
$5,700,000
Highway 503 Properties LLC
Union Prairie LLC
Grant Deed
$3,750,000 · Riverview Community Bank
Nov 1, 2005
—
Union Prairie LLC
—
Trustees Deed
related
$3,200,000 · Umpqua Bank
Dec 22, 2004
$550,000
Union Prairie LLC
Aldridge,alan
Warranty Deed
—
May 28, 2004
—
Alan Aldridge
Dakota Enterprises
Quit Claim Deed
related
—
Apr 5, 2004
—
Alan Aldridge
Ignacia,aboitiz Est
Grant Deed
related
—
Oct 15, 1991
$200,000
James R Etal Neilsen
Unknown
Grant Deed
—
—
—
Union Prairie LLC
—
Deed Of Trust
related
$740,000 · Umpqua Bank
—
—
Union Prairie LLC
—
Deed Of Trust
related
$3,915,262 · Umpqua Bank
—
—
Union Prairie LLC
—
Deed Of Trust
related
$760,000 · Umpqua 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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