Entity Owned Property summary
AI-generated overview
This exceptional Class A medical office building, located at 14201 NE 20th Ave, Bldg B, Vancouver, WA 98686, offers 8,489 square feet of immediately available space in a highly desirable location. Built in 2000, the two-story building boasts a total of 24,734 square feet, with a minimum divisible space of 2,394 square feet and a maximum contiguous space of 5,743 square feet. The building features a 12-foot ceiling height, providing ample space and flexibility for various medical practices. Conveniently situated in the thriving Salmon Creek area, this property benefits from its proximity to major healthcare providers, including Legacy Salmon Creek Hospital (one block north) and Kaiser Permanente (one block south). The building also enjoys easy access to a variety of retail services, shopping, and dining options. The property includes 100 parking spaces for staff and patients, ensuring ample parking availability. The building's common areas, including the lobby and restrooms, have been recently updated, reflecting a commitment to providing a modern and comfortable environment. The property is zoned CC (Community Commercial), making it ideal for a variety of medical uses. This is a rare opportunity to secure high-quality medical office space in a prime location with excellent visibility and accessibility.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
33,714 SF
Lot
2.62 ac (114,127 SF)
Zoning code
CC : CLK
APN
117895-070
UPID
US90-1680950
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Real Estate Agency
-
Tax Preparation
-
Dental Office
-
Dental Office
-
Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.94M
Comparable Approach
Comparable
$8.37M
Blend (final)
Blend
$6.86M
Owner & transaction history
since 2015
7 recorded transactions
Zoning & alternative use
CC : CLK · Vancouver, WA
Top alternative use upside
Restaurant
$11.2M
+39.9%
Retail stores
$10.8M
+34.8%
Medical building
$9.3M
+15.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
7 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$6.86M
Value range
$6.17M – $7.55M
±10% around blend
Estimated value / SF
$203 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
40
$6.17M
blend $6.86M
$7.55M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
33,714 SF
Lot area
2.62 ac
Year built
2000
Stories
2
APN
117895-070
Zoning
CC : CLK
Assessed value
$7,643,300
Annual tax
$74,805
3
Income approach: direct capitalization
Partial preview
Income approach indication
$6.94M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$7.52M
@ 6.5% CAP return
$6.94M
@ 7% CAP return
$6.45M
4
Sales comparison
Partial preview
Sales approach indication
$6.07M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
13.8 mi away · 36,800 SF
17.1 mi away · 38,107 SF
24.6 mi away · 38,646 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.86M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 131 sales
$237
-14%
County 165 sales
$243
-16%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $203/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+40%
vs current-use indication
Retail Stores
Medical Building
Industrial (general)
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$7.64M
Move the market yield to see immediate price impact.
Value / SF
$227
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$482k
$9.63M
$6.88M
$5.35M
$535k
$10.70M
$7.64M
$5.94M
$589k
$11.77M
$8.41M
$6.54M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$4.84M
8.9 mi · Dec 2025 · $140/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$74,805
Tax year 2023
Assessed value
$7,643,300
Assessed 2023
Previous assessed
$7,240,800
+5.6% YoY
Effective rate
0.98%
On assessed value
Assessed land
$2,739,100
Assessed improvement
$4,904,200
Land market value
$2,739,100
Improvement market value
$4,904,200
Total market value
$7,643,300
Applied tax rate
10,029.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
NONE
Buildings
2
Stories
2
Bathrooms
6
Total area
33,714 SF
Lot
2.62 ac (114,127 SF)
Zoning code
CC : CLK
APN
117895-070
UPID
US90-1680950
Jurisdiction
CLARK
Zoning & alternative use
CC : CLK · Vancouver, WAZoning CC : CLK · permitted uses
CC : CLK · Vancouver, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
6
Lot
2.62 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CC : CLK
Jurisdiction
Vancouver, WA
Recorded code
CC : CLK
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CC : CLK in Vancouver, WA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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