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Property profile & analytics
OFF-MARKET
Estimated value
$2,400,000
Assisted living facilities
2112 Ml Pln Blvd Vancouver, WA 98661-4328
Individually Owned
13-yr Hold
Free & Clear
Property ID
US90-0762311
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2004
Construction
WOOD
Total area
15,716 SF
Lot
1.8 ac (78,408 SF)
Zoning code
R-18 : VAN
APN
035181-000
UPID
US90-0762311
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
-
PeaceHealth Ray Hickey Hospice House Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.64M
Blend (final)
Blend
$2.40M
Owner & transaction history
Peacehealth · 13 yrs held
Peacehealth
since 2013
3 recorded transactions
Zoning & alternative use
R-18 : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.0M
+30.3%
Industrial (general)
$3.8M
+25.6%
Neighborhood: shopping center
$3.6M
+18.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$3,060,000
Current use
COMMERCIAL (GENERAL)
$3,985,000
Change: +30% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,840,000
Change: +26% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,625,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,265,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$2.40M
Range $2.16M – $2.64M · ±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
$153 / 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
$5,613,967
Assessed 2023
Previous assessed
$4,009,202
+40.0% YoY
Assessed land
$823,300
Assessed improvement
$4,790,667
Land market value
$823,300
Improvement market value
$4,790,667
Total market value
$5,613,967
Applied tax rate
10,000.0000
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
2004
Construction
WOOD
Heating
OTHER
Cooling
CENTRAL
Stories
1
Total area
15,716 SF
Lot
1.8 ac (78,408 SF)
Zoning code
R-18 : VAN
APN
035181-000
UPID
US90-0762311
Jurisdiction
CLARK
Zoning & alternative use
R-18 : VAN · Vancouver, WA
Zoning 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
Vancouver. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$4.0M
INDUSTRIAL (GENERAL)
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.3M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
COMMERCIAL (GENERAL)
INDUSTRIAL (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
2004
Construction
WOOD
Heating
OTHER
Cooling
Yes
Stories
1
Lot
1.8 ac
Current owner
From public records · entity-resolved
Peacehealth
Individual
Free & Clear · 13 yrs held
Mailing address
1115 SE 164TH AVE DEPT #332, VANCOUVER, WA 98683-8003
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2013
—
Peacehealth
Southwest Washington Medical C
Quit Claim Deed
—
Jun 29, 2004
—
City Of Vancouver
Sw Washington Medical Center
Grant Deed
related
—
Oct 21, 2003
—
Southwest Medical Center
Vancouver City (wa)
Grant Deed
related
—
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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