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Property profile & analytics
OFF-MARKET
Estimated value
$11,740,000
Motels
12712 2nd Cir Vancouver, WA 98684-6018
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-3266272
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1996
Construction
WOOD
Total area
64,401 SF
Lot
2.29 ac (99,752 SF)
Zoning code
CC : VAN
APN
114727-617
UPID
US90-3266272
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
-
DoubleTree by Hilton Hotel Vancouver, Washington Hotel & Motel
-
Premium Parking - P6002 Parking Lot & Garage
-
PressNW Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.20M
CAP Approach
CAP
$7.63M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.74M
Owner & transaction history
Virk Properties Woodland LLC · 3 yrs held
Virk Properties Woodland LLC
since 2022
Last sale
$14.5M
7 recorded transactions
Zoning & alternative use
CC : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.4M
+378.3%
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
$12,870,000
ML approach
$9,195,000
CAP Approach
CAP Return
Estimation
6%
$8,260,000
6.5%
$7,625,000
7%
$7,080,000
Alternative Use
Use
Estimation
RESTAURANT
$9,390,000
Change: +378% · Conversion: Difficult
Blend value · Realmo final
$11.74M
Range $10.57M – $12.91M · ±10% · vs last sale $14.50M (Sep 14 2022)
Last sale anchor
$14.50M
Sep 14 2022
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
$182 / 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
$75,838
Tax year 2023
Assessed value
$7,949,200
Assessed 2023
Previous assessed
$7,529,800
+5.6% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,817,046
Assessed improvement
$6,132,154
Land market value
$1,817,046
Improvement market value
$6,132,154
Total market value
$7,949,200
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1996
Construction
WOOD
Heating
HEAT PUMP
Stories
3
Total area
64,401 SF
Lot
2.29 ac (99,752 SF)
Zoning code
CC : VAN
APN
114727-617
UPID
US90-3266272
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
RESTAURANT
Est. value
$9.4M
RESTAURANT
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
1996
Construction
WOOD
Heating
HEAT PUMP
Stories
3
Lot
2.29 ac
Current owner
From public records · entity-resolved
Virk Properties Woodland LLC
Entity
Mailing address
8815 SW SUN PL, WILSONVILLE, OR 97070-9611
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2026
—
Virk Properties Woodland LLC
—
Deed
related
$2,700,000 · Superior Hospitality Group INC
Sep 14, 2022
$14,500,000
Virk Properties Woodland LLC
Nht Vancouver LLC
Bargain And Sale Deed
$9,425,000 · Rivermark Community Cu
May 4, 2018
$7,742,300
Nht Vancouver LLC
Pih Vancouver LLC
Trustees Deed
$55,000,000 · Acrc Lender
Sep 16, 2011
—
Pih Vancouver LLC
—
Deed Of Trust
related
$63,000,000 · Bank Of America
Apr 5, 2006
$5,018,859
Pih Vancouver LLC
Phoenix Inns LLC
Special Warranty Deed
$68,150,000 · Merrill Lynch Mortgage Lending INC
Apr 25, 1996
—
Vips Motor Inns INC
Inter-pacific Development Co
Quit Claim Deed
related
$3,520,000 · Key Bank Of Oregon
—
—
Phoenix Inns LLC
—
Deed Of Trust
related
$4,450,000 · Secore Financial Corp
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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