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Property profile & analytics
OFF-MARKET
Estimated value
$1,735,000
Office Spaces
12000 Ml Pln Blvd, Vancouver, WA 98684-6034
Individually Owned
1-yr Hold
Free & Clear
Property ID
US90-1063538
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1991
Construction
WOOD
Total area
6,602 SF
Lot
0.39 ac (16,988 SF)
Zoning code
CC : VAN
APN
114727-230
UPID
US90-1063538
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
-
Olga Tkachenko, Realty Pro Real Estate Agency
-
Ken Spurlock Real Estate Agency
-
Kimball Custom Homes Construction Company General Contractor
-
Royal View Townhomes Real Estate Agency
-
Rosa Araujo Realty Pro Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.74M
CAP Approach
CAP
$1.36M
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.74M
Owner & transaction history
Osama Salti · 1 yrs held
Osama Salti
since 2025
Last sale
$1.7M
6 recorded transactions
Zoning & alternative use
CC : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+39.9%
Retail stores
$2.1M
+34.8%
Medical building
$1.8M
+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
$1,800,000
ML approach
$1,740,000
CAP Approach
CAP Return
Estimation
6%
$1,470,000
6.5%
$1,360,000
7%
$1,260,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,565,000
Current use
RESTAURANT
$2,190,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$2,110,000
Change: +35% · Conversion: Easy
MEDICAL BUILDING
$1,810,000
Change: +16% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,615,000
Change: +3% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,525,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,370,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.74M
Range $1.56M – $1.91M · ±10% · vs last sale $1.70M (Jan 15 2025)
Last sale anchor
$1.70M
Jan 15 2025
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
$263 / 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
$11,933
Tax year 2023
Assessed value
$1,249,800
Assessed 2023
Previous assessed
$1,086,800
+15.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$412,643
Assessed improvement
$837,157
Land market value
$412,643
Improvement market value
$837,157
Total market value
$1,249,800
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1991
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Total area
6,602 SF
Lot
0.39 ac (16,988 SF)
Zoning code
CC : VAN
APN
114727-230
UPID
US90-1063538
Jurisdiction
CLARK
Zoning & alternative use
CC : VAN · Vancouver, WA
Zoning CC : VAN · permitted uses
CC : VAN · 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
$1.6M
RESTAURANT
Est. value
$2.2M
RETAIL STORES
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
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
1991
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Lot
0.39 ac
Current owner
From public records · entity-resolved
Osama Salti
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX 87908, VANCOUVER, WA 98687-7908
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2025
$1,700,000
Osama Salti
I S Properties LP
Warranty Deed
—
May 21, 2001
$2,528,500
Meadowland Properties INC
—
Grant Deed
related
—
Nov 9, 1998
$2,050,000
Meadowland Properties INC
Pool,james D & Beatrice M
Trustees Deed
—
Nov 9, 1998
—
James D Pool
Pool & Grundei LLC
Quit Claim Deed
related
$1,537,500 · Us Bank
Aug 11, 1995
—
Pool & Grundei LLC
Grundei,earl J & Ruth D
Quit Claim Deed
related
—
May 30, 1989
$280,000
Grundel Earl
Unknown
Grant Deed
—
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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