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Property profile & analytics
OFF-MARKET
Estimated value
$4,755,000
Grocery and convenience stores
1506 Main St Vancouver, WA 98660
Entity Owned
8-yr Hold
Absentee Owner
Property ID
US90-0749614
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2023
Construction
TYPE NOT SPECIFIED
Total area
25,804 SF
Lot
1.01 ac (43,996 SF)
Zoning code
CX : VAN
APN
046390-000
UPID
US90-0749614
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
-
New Seasons Market - Main Street Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.69M
Comparable Approach
Comparable
$3.24M
Blend (final)
Blend
$4.76M
Owner & transaction history
Jth Investments LLC · 8 yrs held
Jth Investments LLC
since 2017
5 recorded transactions
Zoning & alternative use
CX : VAN · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,075,000
6.5%
$4,685,000
7%
$4,350,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$7,080,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.76M
Range $4.28M – $5.23M · ±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
$184 / 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
$53,252
Tax year 2023
Assessed value
$5,706,650
Assessed 2023
Previous assessed
$2,661,750
+114.4% YoY
Effective rate
0.93%
On assessed value
Assessed land
$2,661,750
Assessed improvement
$3,044,900
Land market value
$2,661,750
Improvement market value
$3,044,900
Total market value
$5,706,650
Applied tax rate
10,000.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2023
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Stories
1
Total area
25,804 SF
Lot
1.01 ac (43,996 SF)
Zoning code
CX : VAN
APN
046390-000
UPID
US90-0749614
Jurisdiction
CLARK
Zoning & alternative use
CX : VAN · Vancouver, WAZoning CX : VAN · permitted uses
CX : 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
MEDICAL BUILDING
Est. value
$7.1M
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
2023
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Stories
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Jth Investments LLC
Entity
Mailing address
610 ESTHER ST STE #202, VANCOUVER, WA 98660-3027
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2022
—
Urban Grocery Partners LLC
—
Deed
related
$9,000,000 · Riverview Community Bank
Dec 22, 2017
$2,700,000
Jth Investments LLC
858 Pearl St LLC
Warranty Deed
—
Apr 8, 2016
—
Sandra Dejonge
Dejonge,abe F
Quit Claim Deed
related
—
Apr 8, 2016
$407,115
Sandra Dejonge
858 Pearl St LLC
Warranty Deed
—
Mar 31, 2016
$2,400,000
Mw1 LLC
Central Wood Products INC
Grant Deed
$1,500,000 · Scott L Pope
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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