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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Office Spaces
215 12th St Ste 200, Vancouver, WA 98660-2905
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-0928597
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,384 SF
Lot
0.23 ac (10,019 SF)
Zoning code
CX : VAN
APN
051550-000
UPID
US90-0928597
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
-
WRK Engineers Inc Structural Engineer
-
Fontana Court Apartments Apartment Building
-
JK Remodeling Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.32M
Comparable Approach
Comparable
$618k
Blend (final)
Blend
$975k
Owner & transaction history
Ten Talents Investments 4 LLC · 13 yrs held
Ten Talents Investments 4 LLC
since 2012
7 recorded transactions
Zoning & alternative use
CX : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.6M
+21.9%
Neighborhood: shopping center
$1.5M
+15.0%
Auto repair, garage
$1.3M
+3.5%
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%
$1,425,000
6.5%
$1,315,000
7%
$1,220,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,280,000
Current use
INDUSTRIAL (GENERAL)
$1,560,000
Change: +22% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,475,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,325,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±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
Tax billed
$11,881
Tax year 2023
Assessed value
$1,272,300
Assessed 2023
Previous assessed
$1,272,300
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$550,000
Assessed improvement
$722,300
Land market value
$550,000
Improvement market value
$722,300
Total market value
$1,272,300
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Total area
6,384 SF
Lot
0.23 ac (10,019 SF)
Zoning code
CX : VAN
APN
051550-000
UPID
US90-0928597
Jurisdiction
CLARK
Zoning & alternative use
CX : VAN · Vancouver, WA
Zoning CX : VAN · permitted uses
CX : 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) Current
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Ten Talents Investments 4 LLC
Entity
Mailing address
215 W 12TH ST STE #202, VANCOUVER, WA 98660-2905
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2012
$1,200,000
Ten Talents Investments 4 LLC
Onyx Land Holdings LLC
Warranty Deed
$150,000 · Onyx Resolution LLC
Sep 8, 2011
—
First Independent R/e LLC
First Independent R/e LLC
Quit Claim Deed
related
—
May 21, 2007
$900,000
Independent Investment Co INC
First Independent Bank
Warranty Deed
—
May 15, 1998
—
Russell C Woodall
Aprisal Service INC
Grant Deed
related
—
Dec 19, 1994
—
Appraisal Service INC
Stone,peter J & Donna L
Quit Claim Deed
related
—
Feb 28, 1992
$422,000
Peter Stone
Unknown
Grant Deed
—
—
—
Wellwater Properties LLC
—
Deed Of Trust
related
$514,000 · Northwest Busn Dev Assn
—
—
Wellwater Properties LLC
—
Deed Of Trust
related
$711,000 · Bank Of America
—
—
Wellwater Properties LLC
—
Deed Of Trust
related
$568,800 · Bank Of America
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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