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Property profile & analytics
OFF-MARKET
Estimated value
$20,440,000
Outlet malls
221 104th Ave Vancouver, WA 98664-4505
Trust Owned
19-yr Hold
Free & Clear
Property ID
US90-0275892
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2002
Construction
CONCRETE
Total area
207,230 SF
Lot
23.46 ac (1,021,918 SF)
Zoning code
CG : VAN
APN
165665-000
UPID
US90-0275892
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
-
VetIQ Petcare Veterinary Clinic
-
Alla N. Peredereyeva, LMP Alternative Medicine Practice Spa & Massage Center
-
Arby's Restaurant Take-out & Catering
-
Youskyme Teriyaki Restaurant
-
Jack in the Box Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.44M
Owner & transaction history
Mason Robert E Trust · 19 yrs held
Mason Robert E Trust
since 2006
6 recorded transactions
Zoning & alternative use
CG : VAN · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$99 / 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
$181,021
Tax year 2023
Assessed value
$18,976,000
Assessed 2023
Previous assessed
$18,976,000
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$11,295,800
Assessed improvement
$7,680,200
Land market value
$11,295,800
Improvement market value
$7,680,200
Total market value
$18,976,000
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
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2002
Construction
CONCRETE
Heating
OTHER
Buildings
2
Stories
1
Bathrooms
2
Total area
207,230 SF
Lot
23.46 ac (1,021,918 SF)
Zoning code
CG : VAN
APN
165665-000
UPID
US90-0275892
Jurisdiction
CLARK
Zoning & alternative use
CG : VAN · Vancouver, WAZoning CG : VAN · permitted uses
CG : VAN · Vancouver, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2002
Construction
CONCRETE
Heating
OTHER
Stories
1
Buildings
2
Bathrooms
2
Lot
23.46 ac
Current owner
From public records · entity-resolved
Mason Robert E Trust
Trust
Free & Clear · 19 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
2006
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
Sep 26, 2006
—
Mason Robert E Trust
Mason Family Trust
Quit Claim Deed
related
—
Jan 15, 1999
—
Mark Hebisen
Wal-mart Stores INC
Grant Deed
related
—
Dec 18, 1998
$635,460
Mill Plain Ventures LLC
Wal-mart Stores INC
Trustees Deed
—
Dec 18, 1998
$650,000
Cnl Apf Partners LP
Wal-mart Stores INC
Trustees Deed
—
Dec 18, 1998
$189,540
Mill Plain Ventures LLC
Wal-mart Stores INC
Trustees Deed
—
Jun 4, 1997
$1,993,939
Wal-mart Stores INC
Peters,john & Niki L
Grant Deed
—
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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