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Property profile & analytics
OFF-MARKET
Estimated value
$5,130,000
Medical Office Space
2101 139th St Ste 363 Vancouver, WA 98686-2313
Individually Owned
Free & Clear
Property ID
US90-2476307
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
STEEL FRAME
Total area
32,276 SF
Lot
0.86 ac (37,462 SF)
Zoning code
GC : CLK
APN
186948-001
UPID
US90-2476307
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
-
Labcorp at Legacy Salmon Creek Medical Center Medical Laboratory
-
Legacy Medical Group-Salmon Creek Internal Medicine - a department of Legacy Salmon Creek Medical Center Physician
-
Legacy Medical Group-Salmon Creek Family Medicine Pediatrician Physician
-
Women's Clinic of Vancouver: Mack Joe MD Medical Clinic
-
Evergreen Pediatric Clinic Salmon Creek Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.38M
Comparable Approach
Comparable
$3.81M
Blend (final)
Blend
$5.13M
Owner & transaction history
LEGACY SALMON CREEK HOSPITAL
LEGACY SALMON CREEK HOSPITAL
Zoning & alternative use
GC : CLK · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$6,910,000
6.5%
$6,380,000
7%
$5,925,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,890,000
Change: -11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,655,000
Change: -14% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$7,445,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$5.13M
Range $4.62M – $5.64M · ±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
$159 / 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
Assessed value
$8,863,300
Assessed 2023
Previous assessed
$8,743,000
+1.4% YoY
Assessed land
$728,300
Assessed improvement
$8,135,000
Land market value
$728,300
Improvement market value
$8,135,000
Total market value
$8,863,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
OTHER
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
32,276 SF
Lot
0.86 ac (37,462 SF)
Zoning code
GC : CLK
APN
186948-001
UPID
US90-2476307
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
INDUSTRIAL (GENERAL)
Est. value
$7.9M
COMMERCIAL (GENERAL)
Est. value
$7.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.4M
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2005
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Buildings
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
LEGACY SALMON CREEK HOSPITAL
Individual
Free & Clear · 0 yrs held
Mailing address
1919 NW LOVEJOY ST, PORTLAND, OR 97209-1503
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
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