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Property profile & analytics
OFF-MARKET
Estimated value
$11,140,000
Hotels
200 104th Ave Vancouver, WA 98664-4504
Entity Owned
4-yr Hold
Absentee Owner
Property ID
US90-2134106
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2021
Construction
WOOD
Total area
49,096 SF
Lot
1.81 ac (78,844 SF)
Zoning code
CC : VAN
APN
165698-000
UPID
US90-2134106
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
-
WoodSpring Suites Portland Vancouver Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.14M
Owner & transaction history
Spi Vancouver LLC · 4 yrs held
Spi Vancouver LLC
since 2021
Last sale
$13.7M
7 recorded transactions
Zoning & alternative use
CC : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.2M
+515.1%
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
$13,200,000
ML approach
$9,280,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$9,205,000
Change: +515% · Conversion: Difficult
Blend value · Realmo final
$11.14M
Range $10.03M – $12.25M · ±10% · vs last sale $13.70M (Nov 24 2021)
Last sale anchor
$13.70M
Nov 24 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
$227 / 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
$96,854
Tax year 2023
Assessed value
$10,152,400
Assessed 2023
Previous assessed
$10,072,500
+0.8% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,072,300
Assessed improvement
$9,080,100
Land market value
$1,072,300
Improvement market value
$9,080,100
Total market value
$10,152,400
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
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2021
Construction
WOOD
Heating
OTHER
Stories
4
Total area
49,096 SF
Lot
1.81 ac (78,844 SF)
Zoning code
CC : VAN
APN
165698-000
UPID
US90-2134106
Jurisdiction
CLARK
Zoning & alternative use
CC : VAN · Vancouver, WA
Zoning 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
Vancouver. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$9.2M
COMMERCIAL (GENERAL)
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
2021
Construction
WOOD
Heating
OTHER
Stories
4
Lot
1.81 ac
Current owner
From public records · entity-resolved
Spi Vancouver LLC
Entity
Mailing address
3889 MAPLE AVE STE #220, DALLAS, TX 75219-3917
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2021
$13,700,000
Spi Vancouver LLC
Vancouvr Hotel Holdings LLC
Special Warranty Deed
$9,330,000 · East West Bank
Nov 24, 2021
—
City Of Vancouver
Vancouver Hotel Holdings LLC
Deed
—
Nov 24, 2020
—
Vancouver Hotel Holdings LLC
—
Deed Of Trust
related
$8,300,000 · Lake Park Qoz Business LLC
Jul 9, 2020
$1,175,864
Vancouver Hotel Holdings LLC
Witherspoon Jud Living Trust
Warranty Deed
—
Oct 30, 2018
$281
Witherspoon,jud Living Trust
Witherspoon,william J
Quit Claim Deed
related
—
Jul 20, 2004
—
William J Witherspoon III
Witherspoon,aimee S
Quit Claim Deed
related
—
Jun 27, 1995
$278,000
William J Witherspoon
Kment,maria A
Grant Deed
$151,192 · Northwest National Bank
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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