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Property profile & analytics
OFF-MARKET
Estimated value
$2,330,000
Apartment buildings
2220 192nd Avea, Vancouver, WA 98683-1403
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US90-2316631
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2018
Total area
29,220 SF
Lot
0.49 ac (21,344 SF)
Zoning code
CC : VAN
APN
986051-753
UPID
US90-2316631
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
-
192nd West Lofts Apartment Complex
-
Perfectly Pieced (Bike/Boat/Book/etc) Store Home Decor Store
-
Women’s Circle Charitable Organization Advocacy Group
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.47M
Blend (final)
Blend
$2.33M
Owner & transaction history
192 West Lofts Yochanan LLC
192 West Lofts Yochanan LLC
since 2026
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
CC : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.8M
+101.0%
Auto repair, garage
$2.5M
+33.5%
Office building
$2.0M
+4.1%
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
$1,980,000
ML approach
$1,835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,910,000
Current use
RESTAURANT
$3,835,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,545,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$1,985,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$2.33M
Range $2.10M – $2.56M · ±10% · vs last sale $2.68M (Feb 13 2026)
Last sale anchor
$2.68M
Feb 13 2026
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
$80 / 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
$75,143
Tax year 2023
Assessed value
$7,876,400
Assessed 2023
Previous assessed
$6,563,700
+20.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$240,440
Assessed improvement
$7,635,960
Land market value
$240,440
Improvement market value
$7,635,960
Total market value
$7,876,400
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2018
Heating
NONE
Stories
4
Total area
29,220 SF
Lot
0.49 ac (21,344 SF)
Zoning code
CC : VAN
APN
986051-753
UPID
US90-2316631
Jurisdiction
CLARK
Zoning & alternative use
CC : VAN · Vancouver, WA
Zoning 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
Vancouver. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.9M
RESTAURANT
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2018
Heating
NONE
Stories
4
Lot
0.49 ac
Current owner
From public records · entity-resolved
192 West Lofts Yochanan LLC
Entity
Mailing address
100 N PACIFIC COAST HWY STE 2050TH EL SEGUNDO
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
26 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2026
$2,679,000
192 West Lofts Yochanan LLC
Teitf Vancouver Fee Owner LLC
Warranty Deed
—
Jan 23, 2026
$1,025,000
192 West Lofts Rex LLC
Teite Vancouver Fee Owner LLC
Warranty Deed
—
Dec 26, 2025
$5,501,790
192 West Lofts Rpj LLC
Teitf Vancouver Fee Owner LLC
Warranty Deed
—
Nov 26, 2025
$890,000
192 West Lofts Freund LLC
Teitf Vancouver Fee Owner LLC
Warranty Deed
—
Oct 15, 2025
$1,898,000
192 West Lofts Pwl LLC
Teitf Vancouver Fee Owner LLC
Warranty Deed
—
Sep 12, 2025
$1,454,000
192 West Lofts Rengold LLC
Teitf Vancouver Fee Owner LLC
Warranty Deed
—
Aug 4, 2025
$2,717,856
192 West Lofts Ramirez LLC
Teite Vancouver Fee Owner LLC
Warranty Deed
—
Jun 24, 2025
$1,869,825
192 West Lofts Adrienne LLC
Teitf Vancouver Fee Owner LLC
Warranty Deed
—
May 22, 2025
—
192 West Lofts Redmon LLC
Teitf Vancouver Fee Owner LLC
Warranty Deed
—
Jan 31, 2025
$3,140,469
192 West Lofts Galeotti LLC
Teitf Vancouver Fee Owner LLC
Warranty Deed
—
Dec 11, 2024
—
Thorofare Asset Lending Reit Fund V
Tei LLC
Deed
—
Dec 11, 2024
$4,531,841
192 West Lofts Chiff LLC
Teitf Vancouver Fee Owner LLC
Warranty Deed
—
Oct 9, 2024
$7,993,500
192 West Lofts Jcoz LLC
Teitf Vancouver Fee Owner LLC
Warranty Deed
—
Oct 6, 2023
—
Teitf Vancouver Fee Owner LLC
—
Deed
related
$29,637,800 · Thorofare Asset Based Lending Reit Fund
Mar 6, 2023
—
Teitf Vancouver Fee Owner LLC
Rainier Trustee Services INC
Trustees Deed
related
—
Dec 18, 2020
$44,500,000
Gep 192nd Plaza Lofts LLC
The Plaza Lofts 192nd LLC
Warranty Deed
$40,000,000 · Thorofare Asset Based Lending Reit
Feb 7, 2020
—
The Plaza Lofts 192nd LLC
—
Deed
related
$10,000,000 · Axos Bank
Oct 9, 2018
$281
Plaza Lofts 192nd LLC
192nd Ave Station W II LLC
Quit Claim Deed
related
—
Oct 9, 2018
—
Plaza Lofts 192nd LLC
—
Trustees Deed
related
$24,000,000 · Parkview Fin'l Fund 2015
Oct 5, 2018
$281
Plaza Lofts 192nd LLC
192nd Ave Station W II LLC
Quit Claim Deed
related
$24,000,000 · Parkview Fin'l Fund 2015
Nov 9, 2017
—
192nd Avenue Stn West II LLC
—
Grant Deed
related
$10,000,000 · Han Investments LLC
Jul 30, 2013
$3,009,000
192nd Avenue Stn West II LLC
192nd Avenue Stn West III LLC
Warranty Deed
related
$1,950,000 · Fibre FCU
Jul 22, 2013
$1,280,000
192nd Avenue Stn West III LLC
192nd Avenue Station West LLC
Warranty Deed
related
$1,230,000 · 192nd Avenue Station West LLC
Feb 9, 2010
—
192nd Avenue Station West LLC
L & N First LLC
Quit Claim Deed
related
—
—
—
192nd Avenue Stn West II LLC
—
Deed Of Trust
related
$600,000 · Venkatachalam Subramanian
—
—
192nd Avenue Station West LLC
—
Deed Of Trust
related
$200,000 · Greene & Markley PC
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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