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Property profile & analytics
OFF-MARKET
Estimated value
$1,625,000
Office Spaces
15609 Ml Pln Blvdc, Vancouver, WA 98684-8952
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1213434
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2008
Construction
WOOD
Total area
4,194 SF
Lot
0.42 ac (18,295 SF)
Zoning code
OCI : VAN
APN
115284-003
UPID
US90-1213434
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
-
Fulcrum Wealth Management Group - Ameriprise Financial Services, LLC Financial Advisor
-
Devlin Carothers - Private Wealth Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
Refresh Therapy, Inc. - Cascade Park Vancouver Office Crisis Center Medical Clinic
-
Kari Hancock - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
Vieng Bounnam - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.63M
Owner & transaction history
RT Redwood LLC · 5 yrs held
RT Redwood LLC
since 2021
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
OCI : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.3M
+34.8%
Medical building
$1.2M
+15.7%
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
$1,590,000
ML approach
$1,610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$995,000
Current use
RETAIL STORES
$1,340,000
Change: +35% · Conversion: Easy
MEDICAL BUILDING
$1,150,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$1.63M
Range $1.46M – $1.79M · ±10% · vs last sale $1.65M (Jun 21 2021)
Last sale anchor
$1.65M
Jun 21 2021
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
$387 / 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
$11,235
Tax year 2023
Assessed value
$1,176,600
Assessed 2023
Previous assessed
$1,023,100
+15.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$300,817
Assessed improvement
$875,783
Land market value
$300,817
Improvement market value
$875,783
Total market value
$1,176,600
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
2008
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
4,194 SF
Lot
0.42 ac (18,295 SF)
Zoning code
OCI : VAN
APN
115284-003
UPID
US90-1213434
Jurisdiction
CLARK
Zoning & alternative use
OCI : VAN · Vancouver, WA
Zoning OCI : VAN · permitted uses
OCI : 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
$995,000
RETAIL STORES
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
2008
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
RT Redwood LLC
Entity
Mailing address
15609 SE ML PLN BLVD, VANCOUVER, WA 98684-8905
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Jun 21, 2021
$1,650,000
RT Redwood LLC
Jfj Properties LLC
Warranty Deed
$1,700,000 · First Citizens Bank & Trust Co
Jun 17, 2008
$1,069,470
Jfj Properties LLC
Redwood Creek Partners LLC
Warranty Deed
$715,300 · Pacific Continental Bank
—
—
Jfj Properties LLC
—
Deed Of Trust
related
$677,200 · Bank Of The West
—
—
Jfj Properties LLC
—
Deed Of Trust
related
$679,900 · Bank Of The West
—
—
Jfj Properties LLC
—
Deed Of Trust
related
$588,000 · Northwest Busn Dev Assn
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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