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Property profile & analytics
OFF-MARKET
Estimated value
$3,880,000
Strip malls
1503 78th St Vancouver, WA 98665-9667
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1625774
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
WOOD
Total area
34,081 SF
Lot
2.94 ac (128,066 SF)
Zoning code
GC : CLK
APN
147949-000
UPID
US90-1625774
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
-
James Isaak Physician
-
Columbia River Insurance Services Insurance Agency
-
Just For Fun Quilting (Bike/Boat/Book/etc) Store Home Decor Store
-
Utopia Salon Hair Salon
-
All Natural Pet Supply - Hazel Dell (Bike/Boat/Book/etc) Store Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.88M
Owner & transaction history
State Of Washington · 3 yrs held
State Of Washington
since 2022
7 recorded transactions
Zoning & alternative use
GC : CLK · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$114 / 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
$52,129
Tax year 2023
Assessed value
$5,266,200
Assessed 2023
Previous assessed
$4,638,600
+13.5% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,536,800
Assessed improvement
$3,729,400
Land market value
$1,536,800
Improvement market value
$3,729,400
Total market value
$5,266,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
OTHER
Buildings
2
Stories
1
Total area
34,081 SF
Lot
2.94 ac (128,066 SF)
Zoning code
GC : CLK
APN
147949-000
UPID
US90-1625774
Jurisdiction
CLARK
Zoning & alternative use
GC : CLK · Vancouver, WAZoning GC : CLK · permitted uses
GC : CLK · Vancouver, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
OTHER
Stories
1
Buildings
2
Lot
2.94 ac
Current owner
From public records · entity-resolved
State Of Washington
Individual
Free & Clear · 3 yrs held
Mailing address
4000 S CORBETT AVE, PORTLAND, OR 97239-4402
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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 14, 2022
—
State Of Washington
Larry D Kelley
Lease
—
Dec 21, 2012
—
Skynat LP
Kelley,larry D
Quit Claim Deed
related
—
Jul 22, 2005
—
Larry D Kelley
Oester,philip
Quit Claim Deed
related
—
Oct 7, 2004
—
Department Of General Admn
Kelley,larry D
Grant Deed
related
—
May 14, 1996
—
Larry Kelley
King,valerie A
Quit Claim Deed
related
—
Jun 13, 1988
$2,850,000
James B House
Unknown
Grant Deed
—
—
—
Larry D Kelley
—
Deed Of Trust
related
$325,000 · Efab INC
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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