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Property profile & analytics
OFF-MARKET
Estimated value
$17,305,000
Parking lots & garages
1300 Franklin St 4 Vancouver, WA 98660-2865
Entity Owned
20-yr Hold
Free & Clear
Property ID
US90-1718707
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2001
Construction
CONCRETE
Total area
367,657 SF
Lot
8.52 ac (371,305 SF)
Zoning code
CX : VAN
APN
055735-000
UPID
US90-1718707
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
-
Southwest Washington Regional Transportation Council Department Of Transportation
-
Clark County, WA Medical Examiner County Government Office
-
Clark County Auditor Accounting Firm Tax Preparation
-
Clark County Marriage License County Government Office
-
Clark County Code Enforcement County Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.31M
Owner & transaction history
Clark County · 20 yrs held
Clark County
since 2005
6 recorded transactions
Zoning & alternative use
CX : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$28,235,000
Change: -7% · Conversion: Difficult
OFFICE BUILDING
$24,985,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$17.31M
Range $15.57M – $19.04M · ±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
$47 / 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
$74,546,600
Assessed 2023
Previous assessed
$74,546,600
+0.0% YoY
Assessed land
$7,485,700
Assessed improvement
$67,060,900
Land market value
$7,485,700
Improvement market value
$67,060,900
Total market value
$74,546,600
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
OTHER
Buildings
6
Stories
3
Bathrooms
1
Total area
367,657 SF
Lot
8.52 ac (371,305 SF)
Zoning code
CX : VAN
APN
055735-000
UPID
US90-1718707
Jurisdiction
CLARK
Zoning & alternative use
CX : VAN · Vancouver, WAZoning CX : VAN · permitted uses
CX : VAN · Vancouver, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$28.2M
OFFICE BUILDING
Est. value
$25.0M
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2001
Construction
CONCRETE
Heating
OTHER
Stories
3
Buildings
6
Bathrooms
1
Lot
8.52 ac
Current owner
From public records · entity-resolved
Clark County
Entity
Free & Clear · 20 yrs held
Mailing address
PO BOX 5000, VANCOUVER, WA 98666-5000
Ownership since
2005
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
Oct 30, 2020
—
Donald G Ayers
—
Deed
related
$20,000 · Us Bk
Aug 5, 2005
—
Clark County
City Of Vancouver
Quit Claim Deed
related
—
May 20, 2005
—
Clark County Washington
City Of Vancouver
Quit Claim Deed
related
—
Mar 25, 2004
—
City Of Vancouver
Clark County
Grant Deed
related
—
Nov 12, 1997
$250
Vancouver City (wa)
Clark County (wa)
Grant Deed
related
—
—
—
Donald G Ayers
—
Deed Of Trust
related
$20,000 · Us Bk
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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