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Property profile & analytics
OFF-MARKET
Estimated value
$9,715,000
Office Spaces
1200 4th Pln Blvd Vancouver, WA 98661
Entity Owned
18-yr Hold
Free & Clear
Property ID
US90-1230404
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1800
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
52,472 SF
Lot
9.82 ac (427,759 SF)
Zoning code
XZ
APN
038279-906
UPID
US90-1230404
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
-
Penske Truck Rental Car Rental Facility
-
Iron Gate Storage - Downtown Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.80M
Comparable Approach
Comparable
$12.35M
Blend (final)
Blend
$9.72M
Owner & transaction history
City Of Vancouver · 18 yrs held
City Of Vancouver
since 2008
7 recorded transactions
Zoning & alternative use
XZ · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$14.4M
+8.1%
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%
$11,700,000
6.5%
$10,800,000
7%
$10,030,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$13,315,000
Current use
MEDICAL BUILDING
$14,395,000
Change: +8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$12,830,000
Change: -4% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$12,105,000
Change: -9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,895,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$9.72M
Range $8.74M – $10.69M · ±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
$185 / 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
Assessed value
$8,046,346
Assessed 2023
Previous assessed
$7,902,400
+1.8% YoY
Assessed land
$5,991,500
Assessed improvement
$2,054,846
Land market value
$5,991,500
Improvement market value
$2,054,846
Total market value
$8,046,346
Applied tax rate
10,000.0000
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
1800
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
2
Total area
52,472 SF
Lot
9.82 ac (427,759 SF)
Zoning code
XZ
APN
038279-906
UPID
US90-1230404
Jurisdiction
CLARK
Zoning & alternative use
XZ · Vancouver, WA
Zoning XZ · permitted uses
XZ · 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
$13.3M
MEDICAL BUILDING
Est. value
$14.4M
INDUSTRIAL (GENERAL)
Est. value
$12.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.1M
AUTO REPAIR, GARAGE
Est. value
$10.9M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
1800
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
2
Lot
9.82 ac
Current owner
From public records · entity-resolved
City Of Vancouver
Entity
Free & Clear · 18 yrs held
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
—
Cpp Rehab Lllp
—
Deed
related
$180,000 · Clark County
Jan 25, 2017
—
Vancouver Veteran Residences L
—
Deed
related
$121,742 · Miscellaneous Govt Agcy
Jan 8, 2008
—
City Of Vancouver
United States Of America
Quit Claim Deed
related
—
—
—
Vancouver Veterans Residences
—
Deed Of Trust
related
$700,000 · Affordable Hsng Solutions
—
—
Vancouver Veterans Residences
—
Deed Of Trust
related
$1,800,664 · Solutions For Veterans INC
—
—
Vancouver Veterans Residences
—
Deed Of Trust
related
$6,691,770 · Bank Of America
—
—
Vancouver Veteran Residences L
—
Deed Of Trust
related
$121,742 · Miscellaneous Govt Agcy
—
—
Housing Authority
—
Deed Of Trust
related
$200,000 · Clark County Departmemt Commun
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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