Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    16335 23rd St Vancouver, WA 98684-8664
    Back to Search
    Property profile & analytics

    16335 23rd St Vancouver, WA 98684-8664

    View on Map
    • Medical Office Space
    • 2,736 SF
    • 0.61 lot acres
    Off-Market
    Property ID
    US90-1943721
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Island Family Dental / Dental Office
    • Dr. Lisa A. Newkirk, DDS / Dental Office

    Property Details for 16335 23rd St

    Year built
    2013
    Construction
    WOOD
    Lot size
    0.61 lot acres
    Property size
    2,736 SF
    Zone code
    MX : VAN
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    986030-264
    APU
    986030264

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.505
    Latitude
    45.639
    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
    $10,710
    $574,816
    $543,084
    $1,117,900
    -
    $574,816
    $543,084
    $1,117,900

    Comparable in this City

    • Value Estimation
      $1,580,000
      10,545 SF

      12711 Ml Pln Blvd

      MEDICAL BUILDING • 10,545 SF
      12711 Ml Pln Blvd, Vancouver, WA 98684-6053
      View Details
    • Value Estimation
      $5,290,000
      28,380 SF

      11201 9th St

      MEDICAL BUILDING • 28,380 SF
      11201 9th St, Vancouver, WA 98684-5964
      View Details
    • Value Estimation
      $3,325,000
      21,765 SF

      210 136th Ave

      MEDICAL BUILDING • 21,765 SF
      210 136th Ave, Vancouver, WA 98684-6930
      View Details
    • Value Estimation
      $615,000
      3,200 SF

      15613 Ml Pln Blvda

      MEDICAL BUILDING • 3,200 SF
      15613 Ml Pln Blvda, Vancouver, WA 98684-8905
      View Details
    • Value Estimation
      $990,000
      6,200 SF

      11820 Crestwood Dr

      MEDICAL BUILDING • 6,200 SF
      11820 Crestwood Dr, Vancouver, WA 98684-5102
      View Details
    • Value Estimation
      $1,050,000
      2,890 SF

      2616 112th Ave, Unit 36

      MEDICAL BUILDING • 2,890 SF
      2616 112th Ave, Vancouver, WA 98684-4284
      View Details

    Similar Nearby for Sale

    • $2,720,000
      8,000 SF

      Prime Vancouver Medical Office Building

      Class A, 8,000 SF, $2.72M
      13118 4Th St, Vancouver, WA 98684
      View Details
    • Contact for pricing

      Office Space Near Mill Plain

      Office space for sale near shopping, medical, and hotels.
      204 SE Stonemill Dr, Vancouver, WA 98684
      View Details
    • New
      $499,000
      0.32 Acres

      Commercial Land in Vancouver, WA

      Prime commercial land for diverse uses in Vancouver, WA.
      18712 SE 1St St, Vancouver, WA 98684
      View Details
    • New
      $3,950,000
      15,390 SF

      Vancouver Multifamily Investment Opportunity

      Portfolio of five duplexes, totaling ten units, all currently leased.
      13003 NE 25Th St, Vancouver, WA 98684
      View Details
    • $1,250,000

      Vancouver Commercial Land Development Opportunity

      Mix-use commercial property with development potential in high-traffic Vancouver location.
      12200 NE Fourth Plain Blvd, Vancouver, WA 98684
      View Details
    • New
      $550,000
      1,800 SF

      Vancouver WA Duplex For Sale

      Well-kept duplex in Hearthwood neighborhood, a steady investment opportunity.
      202 SE 157Th Ave, Vancouver, WA 98684
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Vancouver Evergreen Plaza Office Property

      Class A office property in Vancouver, WA, fully occupied.
      701 NE 136Th Ave, Vancouver, WA 98684
      View Details
    • Contact for pricing

      WA, Vancouver - NE 136th Ave

      Discover many ways to work your way in WA, Vancouver - NE 136th Ave
      701 136Th Ave, Vancouver, WA 98684
      View Details
    • Contact for pricing

      Office Space with Monument Signage

      Office space available for rent with monument signage.
      12214 SE Mill Plain Blvd, Vancouver, WA 98684
      View Details
    • Contact for pricing

      Single-Story Flex Office Space

      Divisible 7,847 SF flex office space for lease.
      14301 SE 1St St, Vancouver, WA 98684
      View Details
    • Contact for pricing

      Office Space with High Visibility

      Office space available with monument signage on SE Mill Plain.
      12306 SE Mill Plain Blvd, Vancouver, WA 98684
      View Details
    • Contact for pricing

      Office Space Near I-205

      Office space with convenient access to amenities and transportation.
      11201 NE 9Th St, Vancouver, WA 98684
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16335 23rd St
    Vancouver, WA 98684-8664
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    16335 23rd St, Vancouver, WA, 98684
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!