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    16219 12th St Vancouver, WA 98683-8904
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    Property profile & analytics

    16219 12th St Vancouver, WA 98683-8904

    View on Map
    • Office properties & Spaces
    • 13,660 SF
    • 0.60 lot acres
    Off-Market
    Property ID
    US90-1278423
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,050,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Greg Davidson, DPT / Physician
    • Main Street Marijuana / (Bike/Boat/Book/etc) Store
    • nw house hunters / Real Estate Agency
    • John Majerus / Physician
    • Kathryn Ralston / Physician

    Property Details for 16219 12th St

    Year built
    2006
    Construction
    STEEL FRAME
    Lot size
    0.60 lot acres
    Property size
    13,660 SF
    Zone code
    CC : VAN
    Property type
    Office properties & Spaces
    APN
    092007-987
    APU
    92007987

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,045,000
      6.5%
      $2,810,000
      7%
      $2,610,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,240,000
      Current use
      INDUSTRIAL (GENERAL)
      $3,340,000
      Change: +3% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $3,150,000
      Change: -3% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,835,000
      Change: -12% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.506
    Latitude
    45.6117
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $32,292
    $520,674
    $2,863,426
    $3,384,100
    -
    $520,674
    $2,863,426
    $3,384,100

    Comparable in this City

    • Value Estimation
      $9,470,000
      77,181 SF

      18105 Ml Pln Blvd, Unit 52

      OFFICE (GENERAL) • 77,181 SF
      18105 Ml Pln Blvd, Vancouver, WA 98683-7566
      View Details
    • Value Estimation
      $21,020,000
      172,814 SF

      2404 161st Ct

      OFFICE (GENERAL) • 172,814 SF
      2404 161st Ct, Vancouver, WA 98683-8101
      View Details
    • Value Estimation
      $3,805,000
      33,174 SF

      19120 34th St, Unit 1

      OFFICE (GENERAL) • 33,174 SF
      19120 34th St, Vancouver, WA 98683-1429
      View Details
    • Value Estimation by Request
      2,500 SF

      415 117th Ave

      OFFICE (GENERAL) • 2,500 SF
      415 117th Ave, Vancouver, WA 98683-5269
      View Details
    • Value Estimation
      $6,140,000
      51,800 SF

      17750 6th Way, Unit 48

      OFFICE (GENERAL) • 51,800 SF
      17750 6th Way, Vancouver, WA 98683-7565
      View Details
    • Value Estimation
      $6,645,000
      50,766 SF

      18405 Ml Pln Blvd

      OFFICE (GENERAL) • 50,766 SF
      18405 Ml Pln Blvd, Vancouver, WA 98683-7562
      View Details

    Similar Nearby for Sale

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      Office Condo Units For Sale

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    • New
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      Upslope lot with potential river views in Vancouver, WA.
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    • New
      $349,900
      0.17 Acres

      Ready-to-Build Lot in Vancouver, WA

      7,568 sq. ft. lot in a desirable new neighborhood.
      1410 SE 188Th Ave, Vancouver, WA 98683
      View Details
    • New
      $389,900
      0.17 Acres

      Ready-to-Build Lot in Vancouver, WA

      7,551 sq. ft. lot in a desirable new neighborhood.
      1360 SE 188Th Ave, Vancouver, WA 98683
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    Similar Nearby for Lease

    • Contact for pricing

      Office Space Near Mill Plain

      Office space near amenities and public transit in Vancouver, WA.
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    • $28 SF/Yr

      Modern Office Space with Signage

      Modern office space with parking, signage, and convenient amenities.
      19120 SE 34Th St, Vancouver, WA 98683
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    • $25 SF/Yr

      Adaptable Flex Space Near Portland

      Climate-controlled flex space suitable for manufacturing, flex, and office uses.
      18110 SE 34Th St, Vancouver, WA 98683
      View Details
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      Class A Office Space Available

      Class A office space with common area upgrades and amenities.
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      View Details
    • Contact for pricing

      Prime Retail Space in Vancouver

      Class A storefront retail space in a central location.
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      View Details
    • Contact for pricing

      Multi-Functional Amenity Center for Lease

      Multi-functional amenity center designed to foster a collaborative environment.
      18110 SE 34Th St, Vancouver, WA 98683
      View Details
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    16219 12th St
    Vancouver, WA 98683-8904
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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