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Property profile & analytics
OFF-MARKET
Estimated value
$12,420,000
Assisted living facilities
17171 22nd Dr38b Vancouver, WA 98683-3309
Individually Owned
5-yr Hold
Free & Clear
Property ID
US90-0072521
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1999
Construction
WOOD
Total area
62,804 SF
Lot
2.3 ac (100,188 SF)
Zoning code
R-18 : VAN
APN
121935-005
UPID
US90-0072521
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
-
Brookdale Fishers Landing Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.76M
Blend (final)
Blend
$12.42M
Owner & transaction history
Ohi Asset Wa Vancouver 17171 · 5 yrs held
Ohi Asset Wa Vancouver 17171
since 2021
Last sale
$15.0M
7 recorded transactions
Zoning & alternative use
R-18 : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$20.1M
+64.3%
Medical building
$17.2M
+40.9%
Industrial (general)
$15.4M
+25.6%
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
$14,440,000
ML approach
$9,925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$12,225,000
Current use
RETAIL STORES
$20,085,000
Change: +64% · Conversion: Difficult
MEDICAL BUILDING
$17,230,000
Change: +41% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$15,355,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,895,000
Change: +22% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$14,490,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,040,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$12.42M
Range $11.18M – $13.66M · ±10% · vs last sale $14.99M (Jan 27 2021)
Last sale anchor
$14.99M
Jan 27 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
$198 / 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
$63,362
Tax year 2023
Assessed value
$6,641,250
Assessed 2023
Previous assessed
$5,775,000
+15.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$792,143
Assessed improvement
$5,849,107
Land market value
$792,143
Improvement market value
$5,849,107
Total market value
$6,641,250
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1999
Construction
WOOD
Heating
OTHER
Stories
2
Total area
62,804 SF
Lot
2.3 ac (100,188 SF)
Zoning code
R-18 : VAN
APN
121935-005
UPID
US90-0072521
Jurisdiction
CLARK
Zoning & alternative use
R-18 : VAN · Vancouver, WAZoning R-18 : VAN · permitted uses
R-18 : 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$12.2M
RETAIL STORES
Est. value
$20.1M
MEDICAL BUILDING
Est. value
$17.2M
INDUSTRIAL (GENERAL)
Est. value
$15.4M
COMMERCIAL (GENERAL)
Est. value
$14.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.5M
AUTO REPAIR, GARAGE
Est. value
$13.0M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
1999
Construction
WOOD
Heating
OTHER
Stories
2
Lot
2.3 ac
Current owner
From public records · entity-resolved
Ohi Asset Wa Vancouver 17171
Individual
Free & Clear · 5 yrs held
Mailing address
303 INTERNATIONAL CIR STE #200, HUNT VALLEY, MD 21030-1359
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2021
—
Ohi Asset Wa Vancouver 17171
Hcp Sh Elp1 Properties LLC
Grant Deed
—
Nov 14, 2012
$5,531,250
Hcp Sh Elp1 Properties LLC
Bre Of Sw Fishers Landing LLC
Grant Deed
—
Aug 17, 2010
—
Bre Of Sw Fishers Landing LLC
Stayton Sw Assisted Living LLC
Grant Deed
$249,402,029 · General Electric Capital Corp
Jul 3, 2006
$100,000
Zimels Fishers Landing LLC
Vancouver Senior Living LLC
Warranty Deed
—
Jul 3, 2006
$50,000
Fishers Landing L Blatchleys
Vancouver Senior Living LLC
Warranty Deed
—
Jun 29, 2006
$200,000
Lanstrum Living Trusts Fisher
Vancouver Senior Living LLC
Warranty Deed
—
Jun 29, 2006
$6,900,000
Vancouver Senior Living LLC
Wrg Phase II Equities Eight Towncen
Warranty Deed
$44,985,000 · Merrill Lynch Capital
Jun 29, 2006
$650,000
Caspers Fishers Landing LLC
Vancouver Senior Living LLC
Warranty Deed
—
Jun 29, 2006
$431,374
Montgomerys Fishers Landing
Vancouver Senior Living LLC
Warranty Deed
—
Jun 29, 2006
$150,000
Bolewiczs Fishers Landing Ll
Vancouver Senior Living LLC
Warranty Deed
—
Jun 29, 2006
$282,116
Raymond Partnerships Fishers
Vancouver Senior Living LLC
Warranty Deed
—
Sep 30, 2003
$125,000
Phase Wrg II
Haugen,patricia M
Grant Deed
related
—
Sep 25, 2003
$145,000
Phase Eight To Wrg II
Leyerzaph,john W & Bonnie W
Grant Deed
related
—
—
—
John W Leyerzaph
—
Deed Of Trust
related
$5,500,000 · M & T Real Estate INC
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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