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Property profile & analytics
OFF-MARKET
Estimated value
$2,040,000
Strip malls
16020 Ml Pln Blvd 6 Vancouver, WA 98684-8915
Entity Owned
25-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1212359
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Construction
STEEL FRAME
Total area
12,762 SF
Lot
0.88 ac (38,333 SF)
Zoning code
CC : VAN
APN
114914-000
UPID
US90-1212359
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
-
OnPoint Community Credit Union Credit Union
-
KC Teriyaki Restaurant
-
GameStop Electronics & Wireless Store
-
Mathnasium Tutoring Service
-
Von Michelle Popescu, Mortgage Loan Officer at OnPoint Mortgage - NMLS #143561 Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.49M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.04M
Owner & transaction history
Target Corp · 25 yrs held
Target Corp
since 2001
7 recorded transactions
Zoning & alternative use
CC : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$3.1M
+6.0%
Commercial (general)
$3.0M
+2.8%
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%
$2,690,000
6.5%
$2,485,000
7%
$2,305,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,945,000
Current use
INDUSTRIAL (GENERAL)
$3,120,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,025,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,650,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$2.04M
Range $1.84M – $2.24M · ±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
$160 / 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
$36,481
Tax year 2023
Assessed value
$3,823,300
Assessed 2023
Previous assessed
$3,324,600
+15.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$921,300
Assessed improvement
$2,902,000
Land market value
$921,300
Improvement market value
$2,902,000
Total market value
$3,823,300
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
OTHER
Stories
1
Bathrooms
1
Total area
12,762 SF
Lot
0.88 ac (38,333 SF)
Zoning code
CC : VAN
APN
114914-000
UPID
US90-1212359
Jurisdiction
CLARK
Zoning & alternative use
CC : VAN · Vancouver, WAZoning CC : VAN · permitted uses
CC : 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
2002
Construction
STEEL FRAME
Heating
OTHER
Stories
1
Bathrooms
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Target Corp
Entity
Free & Clear · 25 yrs held
Mailing address
19767 SW 72ND AVE STE #100, TUALATIN, OR 97062-8354
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2023
—
Mill Plain 164th Associates LLC
—
Deed
related
$8,750,000 · Columbia Community Cu
Jul 24, 2003
—
Mill Plain 164th Associates Ll
—
Deed Of Trust
related
$10,500 · Jefferson-pilot Life Insurance
Nov 15, 2001
—
Mill Plain 164th Associates
—
Trustees Deed
related
$8,700,000 · West Coast Bank
Jun 20, 2001
$3,125,000
Target Corp
Mill Plain 164th Associates Ll
Grant Deed
—
Jun 20, 2001
$1,099,000
Mill Plain 164th Assoc LLC
Target Corp
Trustees Deed
$1,782,000 · West Coast Bank
Nov 17, 1999
$1,414,084
Mill Plain 164th Associates Ll
Vancouver Properties Joint Ven
Quit Claim Deed
related
$1,500,000 · Individual
Apr 3, 1991
—
Edith A Dluhy
Unknown
Grant Deed
related
—
—
—
Mill Plain 164th Assocs LLC
—
Deed Of Trust
related
$10,500,000 · Lincoln National Life Ins
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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