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Property profile & analytics
OFF-MARKET
Estimated value
$1,485,000
Warehouses
2009 117th St 167, Vancouver, WA 98686-4022
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-3296413
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1967
Construction
WOOD
Total area
9,936 SF
Lot
2.55 ac (111,078 SF)
Zoning code
GC : CLK
APN
189627-000
UPID
US90-3296413
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
-
Tropical Sno Grocery & Convenience Store Specialty Food Shop
-
Corliss Wentworth, Counselor Health Counselor
-
Haven Spa Pool & Hearth (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
-
Pacific NW Sheds & Buildings Construction Company General Contractor
-
Bridget Meade-Sentosun Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.42M
Comparable Approach
Comparable
$1.87M
Blend (final)
Blend
$1.49M
Owner & transaction history
Salmon Creek Land Co LLC · 21 yrs held
Salmon Creek Land Co LLC
since 2004
4 recorded transactions
Zoning & alternative use
GC : CLK · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.4M
+84.6%
Commercial (general)
$2.4M
+79.1%
Neighborhood: shopping center
$2.3M
+74.2%
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%
$1,535,000
6.5%
$1,420,000
7%
$1,315,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,315,000
Current use
INDUSTRIAL (GENERAL)
$2,430,000
Change: +85% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,355,000
Change: +79% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,295,000
Change: +74% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,065,000
Change: +57% · Conversion: Easy
Blend value · Realmo final
$1.49M
Range $1.34M – $1.63M · ±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
$149 / 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
$15,243
Tax year 2023
Assessed value
$1,433,700
Assessed 2023
Previous assessed
$1,210,900
+18.4% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,036,100
Assessed improvement
$397,600
Land market value
$1,036,100
Improvement market value
$397,600
Total market value
$1,433,700
Applied tax rate
10,029.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1967
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
9,936 SF
Lot
2.55 ac (111,078 SF)
Zoning code
GC : CLK
APN
189627-000
UPID
US90-3296413
Jurisdiction
CLARK
Zoning & alternative use
GC : CLK · Vancouver, WA
Zoning GC : CLK · permitted uses
GC : CLK · 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
WAREHOUSE, STORAGE Current
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.1M
WAREHOUSE, STORAGE Current
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
1967
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
2.55 ac
Current owner
From public records · entity-resolved
Salmon Creek Land Co LLC
Entity
Mailing address
21510 NW 21ST PL, RIDGEFIELD, WA 98642-8942
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2004
$1,100,000
Salmon Creek Land Co LLC
Bmc West Corp
Grant Deed
$600,000 · Regents Bank NA
Apr 21, 1997
$1,550,000
Bmc West Corporation
Smith Trust
Grant Deed
—
Jan 28, 1991
—
Smith,w J & Helen Trustees
Unknown
Grant Deed
related
—
—
—
Salmon Creek Land Co LLC
—
Deed Of Trust
related
$722,098 · Umpqua 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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