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Property profile & analytics
OFF-MARKET
Estimated value
$7,105,000
Office Spaces
14508 20th Ave Ste 21, Vancouver, WA 98686-6434
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-1432779
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2001
Construction
STEEL FRAME
Total area
36,419 SF
Lot
1.19 ac (51,836 SF)
Zoning code
CC : CLK
APN
185673-000
UPID
US90-1432779
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.50M
Comparable Approach
Comparable
$8.49M
Blend (final)
Blend
$7.11M
Owner & transaction history
Sea-mar Cmnty Health Center · 11 yrs held
Sea-mar Cmnty Health Center
since 2015
7 recorded transactions
Zoning & alternative use
CC : CLK · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$11.6M
+34.8%
Medical building
$10.0M
+15.7%
Industrial (general)
$8.9M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,120,000
6.5%
$7,495,000
7%
$6,960,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,640,000
Current use
RETAIL STORES
$11,645,000
Change: +35% · Conversion: Easy
MEDICAL BUILDING
$9,990,000
Change: +16% · Conversion: Easy
INDUSTRIAL (GENERAL)
$8,905,000
Change: +3% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$8,405,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,565,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$7.11M
Range $6.39M – $7.82M · ±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
$195 / 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
$552
Tax year 2023
Assessed value
$7,747,400
Assessed 2023
Previous assessed
$6,865,400
+12.8% YoY
Effective rate
0.01%
On assessed value
Assessed land
$1,309,900
Assessed improvement
$6,437,500
Land market value
$1,309,900
Improvement market value
$6,437,500
Total market value
$7,747,400
Applied tax rate
10,029.0000
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
2001
Construction
STEEL FRAME
Heating
OTHER
Buildings
2
Stories
3
Total area
36,419 SF
Lot
1.19 ac (51,836 SF)
Zoning code
CC : CLK
APN
185673-000
UPID
US90-1432779
Jurisdiction
CLARK
Zoning & alternative use
CC : CLK · Vancouver, WA
Zoning CC : CLK · permitted uses
CC : CLK · 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
$8.6M
RETAIL STORES
Est. value
$11.6M
MEDICAL BUILDING
Est. value
$10.0M
INDUSTRIAL (GENERAL)
Est. value
$8.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.4M
AUTO REPAIR, GARAGE
Est. value
$7.6M
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
2001
Construction
STEEL FRAME
Heating
OTHER
Stories
3
Buildings
2
Lot
1.19 ac
Current owner
From public records · entity-resolved
Sea-mar Cmnty Health Center
Individual
Mailing address
1040 S HENDERSON ST, SEATTLE, WA 98108-4720
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2020
—
Sea Mar Community Health Centrs
—
Deed
related
$10,920,000 · Mufg Union Bank NA
Feb 27, 2015
$5,150,000
Sea-mar Cmnty Health Center
Fflp Mth LLC
Warranty Deed
—
Apr 6, 2012
$4,792,780
Fflp Mth LLC
University Plaza Of Salmon Creek
Warranty Deed
$2,450,000 · Union Central Life Insurance
Apr 4, 2001
—
University Plaza Salmon Creek
Sakai,eugen K
Quit Claim Deed
related
—
Apr 8, 1999
—
Clark County (wa)
Sakai,eugene K
Grant Deed
related
—
May 31, 1994
$225,000
Eugene K Sakai
Colantino,ronald
Grant Deed
$191,250 · Seller
Sep 25, 1989
$44,000
Colantino R T
Unknown
Grant Deed
—
—
—
Sea-mar Cmnty Health Center
—
Deed Of Trust
related
$7,120,000 · Private Individual
—
—
University Plaza Of Salmon Creek
—
Deed Of Trust
related
$150,000 · West Coast Bank
—
—
University Plaza Of Salmon Creek
—
Deed Of Trust
related
$3,600,000 · West Coast Bank
—
—
University Plaza Salmon Creek
—
Deed Of Trust
related
$1,017,707 · Sterling Savings Bank
—
—
University Plaza Of Salmon Cre
—
Deed Of Trust
related
$2,662,000 · Interwest Mortgage Inv Co
—
—
University Plaza Of Salmon Cre
—
Deed Of Trust
related
$2,700,000 · West Coast Bank
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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