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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Office Spaces
11933 113th St, Vancouver, WA 98662-1632
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-2741873
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2017
Construction
WOOD
Total area
2,880 SF
Lot
1 ac (43,560 SF)
Zoning code
IL : CLK
APN
986038-460
UPID
US90-2741873
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
-
Weather Built Homes- Residential Roofing Services Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$595k
Comparable Approach
Comparable
$537k
Blend (final)
Blend
$590k
Owner & transaction history
Highay 503 Properties LLC · 8 yrs held
Highay 503 Properties LLC
since 2017
1 recorded transaction
Zoning & alternative use
IL : CLK · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$920,000
+34.8%
Medical building
$790,000
+15.7%
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%
$640,000
6.5%
$595,000
7%
$550,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$685,000
Current use
RETAIL STORES
$920,000
Change: +35% · Conversion: Easy
MEDICAL BUILDING
$790,000
Change: +16% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$665,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$600,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$205 / 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
$9,026
Tax year 2023
Assessed value
$1,158,700
Assessed 2023
Previous assessed
$1,053,400
+10.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$263,538
Assessed improvement
$895,162
Land market value
$263,538
Improvement market value
$895,162
Total market value
$1,158,700
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2017
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
2,880 SF
Lot
1 ac (43,560 SF)
Zoning code
IL : CLK
APN
986038-460
UPID
US90-2741873
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
COMMERCIAL (GENERAL) Current
Est. value
$685,000
RETAIL STORES
Est. value
$920,000
MEDICAL BUILDING
Est. value
$790,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$665,000
AUTO REPAIR, GARAGE
Est. value
$600,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2017
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Highay 503 Properties LLC
Entity
Mailing address
PO BOX 87908, VANCOUVER, WA 98687-7908
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2017
—
Highay 503 Properties LLC
—
Deed
related
$900,000 · Riverview Community 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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