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Property profile & analytics
OFF-MARKET
Estimated value
$9,540,000
Strip malls
212 164th Ave Vancouver, WA 98684-2907
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-1642659
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1995
Construction
CONCRETE
Total area
29,246 SF
Lot
2.25 ac (98,010 SF)
Zoning code
CC : VAN
APN
164494-010
UPID
US90-1642659
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
-
Ree Leaf CBD (Bike/Boat/Book/etc) Store Cosmetic Store
-
KIAWE Island Bistro Restaurant
-
Lucky Breaks Sports Cards (Bike/Boat/Book/etc) Store
-
Inertia Brazilian Jiu Jitsu Training Center Sports School
-
164th plaza Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.44M
Blend (final)
Blend
$9.54M
Owner & transaction history
Silvey LLC · 4 yrs held
Silvey LLC
since 2021
Last sale
$10.5M
6 recorded transactions
Zoning & alternative use
CC : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.7M
+43.8%
Retail stores
$9.4M
+38.6%
Medical building
$8.0M
+18.9%
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
$10,090,000
ML approach
$9,215,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,750,000
Current use
RESTAURANT
$9,700,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$9,350,000
Change: +39% · Conversion: Easy
MEDICAL BUILDING
$8,025,000
Change: +19% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,150,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,935,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,075,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$9.54M
Range $8.59M – $10.49M · ±10% · vs last sale $10.48M (Oct 21 2021)
Last sale anchor
$10.48M
Oct 21 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
$326 / 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
$62,545
Tax year 2023
Assessed value
$6,555,700
Assessed 2023
Previous assessed
$5,700,600
+15.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,890,796
Assessed improvement
$4,664,904
Land market value
$1,890,796
Improvement market value
$4,664,904
Total market value
$6,555,700
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1995
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
3
Stories
1
Bathrooms
1
Total area
29,246 SF
Lot
2.25 ac (98,010 SF)
Zoning code
CC : VAN
APN
164494-010
UPID
US90-1642659
Jurisdiction
CLARK
Zoning & alternative use
CC : VAN · Vancouver, WAZoning 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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.8M
RESTAURANT
Est. value
$9.7M
RETAIL STORES
Est. value
$9.4M
MEDICAL BUILDING
Est. value
$8.0M
INDUSTRIAL (GENERAL)
Est. value
$7.2M
COMMERCIAL (GENERAL)
Est. value
$6.9M
AUTO REPAIR, GARAGE
Est. value
$6.1M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1995
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
3
Bathrooms
1
Lot
2.25 ac
Current owner
From public records · entity-resolved
Silvey LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 96, TUALATIN, OR 97062-0096
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2024
—
Silvey LLC
—
Deed
related
$1,500,000 · Onpoint Community Cu
Oct 21, 2021
$10,475,000
Silvey LLC
Ten Talents Investments 11 LLC
Bargain And Sale Deed
—
Mar 12, 2018
—
Ten Talents Investments 11 LLC
—
Grant Deed
related
$7,200,000 · Alaska USA FCU
Dec 21, 2015
$7,500,000
Ten Talents Investments 11 LLC
Nguyen Con & Linda N Trust
Grant Deed
$6,000,000 · Iq Cu
—
—
Nguyen Trust
—
Deed Of Trust
related
$250,000 · Northwest National Bank
—
—
Nguyen Trust
—
Deed Of Trust
related
$250,000 · 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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