Back to Search
Property profile & analytics
FOR LEASE
Outlet malls
13875 SE Mill Plain Blvd Vancouver, WA 98684
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0374730
For Lease
1 / 18
$7,225,000
13875 SE Mill Plain Blvd, Vancouver, WA 98684
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,252 SF
Lot
2.61 ac (113,692 SF)
Zoning code
CC : VAN
APN
110462-000
UPID
US90-0374730
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
-
Julie Murphy Salon Hair Salon
-
CynthiaBurnettes Insprations Hair Salon
-
OfficeMax (Bike/Boat/Book/etc) Store
-
Elite Beauty close Hair Salon Nail Salon
-
Rosa's Glamour Hair Studio Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.36M
CAP Approach
CAP
$5.13M
Comparable Approach
Comparable
$7.63M
Blend (final)
Blend
$7.23M
Owner & transaction history
Mb Real Properties LLC · 5 yrs held
Mb Real Properties LLC
since 2020
Last sale
$6.7M
7 recorded transactions
Zoning & alternative use
CC : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.4M
+3.7%
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
$8,780,000
ML approach
$8,360,000
CAP Approach
CAP Return
Estimation
6%
$5,560,000
6.5%
$5,130,000
7%
$4,765,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,035,000
Current use
RESTAURANT
$9,370,000
Change: +4% · Conversion: Easy
MEDICAL BUILDING
$7,750,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$7.23M
Range $6.50M – $7.95M · ±10% · vs last sale $6.72M (Nov 2 2020)
Last sale anchor
$6.72M
Nov 2 2020
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
$256 / 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
$43,441
Tax year 2023
Assessed value
$4,552,900
Assessed 2023
Previous assessed
$3,959,000
+15.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$2,301,162
Assessed improvement
$2,251,738
Land market value
$2,301,162
Improvement market value
$2,251,738
Total market value
$4,552,900
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
CENTRAL
Stories
1
Total area
28,252 SF
Lot
2.61 ac (113,692 SF)
Zoning code
CC : VAN
APN
110462-000
UPID
US90-0374730
Jurisdiction
CLARK
Zoning & alternative use
CC : VAN · Vancouver, WAZoning 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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$9.0M
RESTAURANT
Est. value
$9.4M
MEDICAL BUILDING
Est. value
$7.8M
RETAIL STORES Current
RESTAURANT
MEDICAL 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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
2.61 ac
Current owner
From public records · entity-resolved
Mb Real Properties LLC
Entity
Mailing address
9440 N WHITAKER RD, PORTLAND, OR 97217-7748
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Nov 2, 2020
$6,723,881
Mb Real Properties LLC
Cascade Park LLC
Bargain And Sale Deed
$2,800,000 · Standard Insurance Co
Sep 10, 1999
—
Cascade Park LLC
Bryce,graham C & Sharley J
Quit Claim Deed
related
—
May 30, 1997
$750,000
Safeway INC
Supermarket Development Corp
Trustees Deed
—
May 30, 1997
$850,000
Bryce,graham C
Safeway INC
Trustees Deed
$230,000 · Albina Community Bank
Dec 16, 1994
—
Clark County
Supermarket Dev Corp
Quit Claim Deed
related
—
May 29, 1991
—
Supermarket Development Corp
Unknown
Grant Deed
related
—
—
—
Cascade Park LLC
—
Deed Of Trust
related
$2,900,000 · Nationwide Life Insurance Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
