Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12305 56th St Vancouver, WA 98682-6476

    • Warehouses
    • 5,875 SF
    • 2.16 lot acres
    OFF-MARKET
    Value Estimations
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1104988
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Holt Services Inc. / Construction Company / General Contractor

    Property Details for 12305 56th St

    Year built
    2021
    Construction
    STEEL FRAME
    Lot size
    2.16 lot acres
    Property size
    5,875 SF
    Zone code
    IL : VAN
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    158351-000
    APU
    158351000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $910,000
      6.5%
      $840,000
      7%
      $780,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $780,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.546
    Latitude
    45.6635
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,152
    $535,601
    $419,499
    $955,100
    -
    $535,601
    $419,499
    $955,100

    Comparable in this City

    • Value Estimation
      $3,005,000
      30,432 SF

      3217 112th Ave

      MINI-WAREHOUSE, STORAGE • 30,432 SF
      3217 112th Ave, Vancouver, WA 98682-7738
      View Details
    • Value Estimation
      $5,250,000
      77,920 SF

      5720 121st Aveb1

      MINI-WAREHOUSE, STORAGE • 77,920 SF
      5720 121st Aveb1, Vancouver, WA 98682-6480
      View Details
    • Value Estimation
      $1,025,000
      12,920 SF

      3004 124th Ave, Unit 156

      MINI-WAREHOUSE, STORAGE • 12,920 SF
      3004 124th Ave, Vancouver, WA 98682-7874
      View Details
    • Value Estimation
      $550,000
      5,280 SF

      6511 137th Ave, Unit 96

      MINI-WAREHOUSE, STORAGE • 5,280 SF
      6511 137th Ave, Vancouver, WA 98682-5948
      View Details
    • Value Estimation
      $1,885,000
      17,212 SF

      12011 99th St, Unit 57

      MINI-WAREHOUSE, STORAGE • 17,212 SF
      12011 99th St, Vancouver, WA 98682-2458
      View Details
    • Value Estimation
      $12,280,000
      27,600 SF

      11006 37th Cir

      MINI-WAREHOUSE, STORAGE • 27,600 SF
      11006 37th Cir, Vancouver, WA 98682-7216
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Vancouver Flex Building For Sale

      Flex building ideal for contractors or industrial/manufacturing users.
      Vancouver, WA 98682
      View Details
    • Contact for pricing
      14.70 Acres

      Vancouver Industrial Land - 14.7 Acres

      Prime Vancouver industrial land, build-to-suit ready.
      0 Fourth Plain Blvd, Vancouver, WA 98682
      View Details
    • New
      $969,900

      Craftsman Home with Two Units

      Two spacious units, modern amenities, convenient location, investment opportunity.
      3103 NE 141St Ave, Vancouver, WA 98682
      View Details
    • $450,000
      12.08 Acres

      East Vancouver Land Opportunity

      12.08 acres in rapidly growing East Vancouver.
      NE 137Th Ave, Vancouver, WA 98682
      View Details
    • Contact for pricing
      2,680 SF

      Profitable Retail Investment Opportunity

      Established retail property with long-term tenants and reliable income.
      12306 NE Fourth Plain Rd, Vancouver, WA 98682
      View Details
    • $3,200,000

      Vancouver WA Industrial Land Opportunity

      14.7 acre industrial land near I-205 in Vancouver, WA.
      NE Fourth Plain Blvd, Vancouver, WA 98682
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Vancouver WA Warehouse Development Space

      Industrial, warehouse, and distribution space in Vancouver, Washington.
      14303 NE 63Rd St, Vancouver, WA 98682
      View Details
    • Contact for pricing

      Industrial Warehouse Space Available Now

      Industrial warehouse space with office, suitable for various operations.
      6220 Vancouver, Vancouver, WA 98682
      View Details
    • Contact for pricing

      Industrial Space Near I-205

      Conveniently located industrial space in Vancouver Business Park.
      3315 NE 112Th Ave, Vancouver, WA 98682
      View Details
    • Contact for pricing

      Premier Shopping Plaza For Rent

      Premier shopping plaza located along a high-traffic corridor.
      11710 NE Fourth Plain Blvd, Vancouver, WA 98682
      View Details
    • Contact for pricing

      Retail Space Anchored by Walmart

      Retail spaces available in Walmart-anchored shopping center.
      14201 NE Fourth Plain Blvd, Vancouver, WA 98682
      View Details
    • Contact for pricing
      52,924 SF

      Evergreen Crossing West Retail Space

      Prime Vancouver retail space, multiple suites available.
      0 143Rd Ave, Vancouver, WA 98682
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12305 56th St
    Vancouver, WA 98682-6476
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!