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Property profile & analytics
OFF-MARKET
Estimated value
$3,365,000
Office Spaces
1406 164th Ave, Vancouver, WA 98683-9663
Entity Owned
Absentee Owner
Free & Clear
Property ID
US90-1046880
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,472 SF
Lot
1.03 ac (44,867 SF)
Zoning code
CC : VAN
APN
121922-015
UPID
US90-1046880
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
-
Blanchard Wealth Solutions Financial Advisor
-
Stu Blighton - Umpqua Bank Home Lending Loan Service
-
Shannon Dumont - Umpqua Bank Loan Service
-
Dan Boggs - Umpqua Bank Loan Service Bank
-
Brittanya Demers - Umpqua Bank Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.37M
CAP Approach
CAP
$3.60M
Comparable Approach
Comparable
$4.57M
Blend (final)
Blend
$3.37M
Owner & transaction history
Chrysalis Investments LLC
Chrysalis Investments LLC
since 2025
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
CC : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.6M
+34.8%
Medical building
$4.8M
+15.7%
Industrial (general)
$4.3M
+3.1%
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
$3,415,000
ML approach
$3,370,000
CAP Approach
CAP Return
Estimation
6%
$3,895,000
6.5%
$3,595,000
7%
$3,340,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,145,000
Current use
RETAIL STORES
$5,585,000
Change: +35% · Conversion: Easy
MEDICAL BUILDING
$4,795,000
Change: +16% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,270,000
Change: +3% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,030,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,630,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.37M
Range $3.03M – $3.70M · ±10% · vs last sale $3.23M (Feb 24 2025)
Last sale anchor
$3.23M
Feb 24 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
$193 / 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
$36,697
Tax year 2023
Assessed value
$3,845,900
Assessed 2023
Previous assessed
$3,344,300
+15.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$865,513
Assessed improvement
$2,980,387
Land market value
$865,513
Improvement market value
$2,980,387
Total market value
$3,845,900
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
2
Total area
17,472 SF
Lot
1.03 ac (44,867 SF)
Zoning code
CC : VAN
APN
121922-015
UPID
US90-1046880
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
$4.1M
RETAIL STORES
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$4.8M
INDUSTRIAL (GENERAL)
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.6M
COMMERCIAL (GENERAL) Current
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
2
Lot
1.03 ac
Current owner
From public records · entity-resolved
Chrysalis Investments LLC
Entity
Free & Clear · 0 yrs held
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2025
—
Chrysalis Investments LLC
Deeray Investments LLC
Quitclaim Deed
related
—
Feb 24, 2025
$3,226,000
Deeray Investments LLC
Indy Plaza LLC
Warranty Deed
—
Oct 26, 2023
—
Indy Plaza LLC
Michael J Cereghino
Warranty Deed
—
Jul 3, 2018
$1,715,000
Cereghino,michael J Trust
Fish-164 LLC
Grant Deed
—
Jul 3, 2018
—
Fish-164 LLC
—
Deed
related
$1,912,990 · Columbia Cmnty Cu
Nov 17, 2015
—
Fish-164 LLC
Pienovi,brian H
Warranty Deed
—
Jul 1, 2015
$2,700,000
Brian H Pienovi
Oynx Land Holdings LLC
Warranty Deed
—
Jul 1, 2015
—
John T Dunn JR
Dunn Barbara N
Quit Claim Deed
related
$2,025,000 · Columbia Cu
Sep 8, 2011
—
First Independent R/e LLC
First Independent R/e LLC
Quit Claim Deed
related
—
Oct 19, 1994
—
Clark County
Independent Investment Co INC
Quit Claim Deed
related
—
Apr 19, 1993
$956,748
Independent Inv Company INC
Unknown
Grant Deed
—
—
—
Fish-164 LLC
—
Loan Modification
related
$1,912,990 · Columbia Cmnty Cu
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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