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Property profile & analytics
OFF-MARKET
Estimated value
$9,560,000
Warehouses
16015 Cascade Park Dr 6, Vancouver, WA 98683-9601
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0766317
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1996
Construction
STEEL FRAME
Total area
44,178 SF
Lot
2.72 ac (118,483 SF)
Zoning code
IL : VAN
APN
122182-000
UPID
US90-0766317
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
-
Cascade Park Self Storage Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.73M
CAP Approach
CAP
$6.31M
Comparable Approach
Comparable
$5.97M
Blend (final)
Blend
$9.56M
Owner & transaction history
16015 Cascade Park LLC · 6 yrs held
16015 Cascade Park LLC
since 2020
Last sale
$10.1M
3 recorded transactions
Zoning & alternative use
IL : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.7M
+150.4%
Retail stores
$14.1M
+141.4%
Medical building
$12.1M
+107.1%
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
$13,170,000
ML approach
$11,730,000
CAP Approach
CAP Return
Estimation
6%
$6,830,000
6.5%
$6,305,000
7%
$5,855,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,850,000
Current use
RESTAURANT
$14,655,000
Change: +150% · Conversion: Difficult
RETAIL STORES
$14,125,000
Change: +141% · Conversion: Moderate
MEDICAL BUILDING
$12,120,000
Change: +107% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$10,800,000
Change: +85% · Conversion: Easy
COMMERCIAL (GENERAL)
$10,480,000
Change: +79% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,195,000
Change: +74% · Conversion: Moderate
AUTO REPAIR, GARAGE
$9,175,000
Change: +57% · Conversion: Easy
Blend value · Realmo final
$9.56M
Range $8.60M – $10.52M · ±10% · vs last sale $10.09M (Jan 31 2020)
Last sale anchor
$10.09M
Jan 31 2020
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
$216 / 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
$41,038
Tax year 2023
Assessed value
$4,301,000
Assessed 2023
Previous assessed
$3,740,000
+15.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$944,196
Assessed improvement
$3,356,804
Land market value
$944,196
Improvement market value
$3,356,804
Total market value
$4,301,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
NONE
Buildings
11
Stories
1
Total area
44,178 SF
Lot
2.72 ac (118,483 SF)
Zoning code
IL : VAN
APN
122182-000
UPID
US90-0766317
Jurisdiction
CLARK
Zoning & alternative use
IL : VAN · Vancouver, WA
Zoning IL : VAN · permitted uses
IL : 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
WAREHOUSE, STORAGE Current
Est. value
$5.9M
RESTAURANT
Est. value
$14.7M
RETAIL STORES
Est. value
$14.1M
MEDICAL BUILDING
Est. value
$12.1M
INDUSTRIAL (GENERAL)
Est. value
$10.8M
COMMERCIAL (GENERAL)
Est. value
$10.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.2M
AUTO REPAIR, GARAGE
Est. value
$9.2M
WAREHOUSE, STORAGE Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
COMMERCIAL (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
1996
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
11
Lot
2.72 ac
Current owner
From public records · entity-resolved
16015 Cascade Park LLC
Entity
Mailing address
1752 NW MARKET ST #4237, SEATTLE, WA 98107-5264
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2020
$222,200
16015 Cascade Park LLC
Johec Co
Grant Deed
$6,000,000 · Johec Co
Sep 5, 1997
—
Bp Jasco INC
—
Grant Deed
related
$1,385,000 · Bank Of Newport
Jun 1, 1995
—
B P Jasco INC
Botkin,jack K & Betty S
Quit Claim Deed
related
$740,500 · Bank Of Newport
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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