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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Medical Office Space
2404 Columbia House Blvd H101, Vancouver, WA 98661-7777
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0397835
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
CONCRETE
Total area
3,600 SF
Lot
0.37 ac (16,117 SF)
Zoning code
CG : VAN
APN
031026-000
UPID
US90-0397835
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
-
Gentle Dental Grand Central Dental Office
-
Kevin Low Dental Office
-
Dr. Molly M. Marshall, DDS Dental Office
-
Dr. Behnam Fakhravar Dental Office
-
Kristin Nordahl Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$710k
Comparable Approach
Comparable
$591k
Blend (final)
Blend
$750k
Owner & transaction history
Grand Central Partners II LLC · 14 yrs held
Grand Central Partners II LLC
since 2012
7 recorded transactions
Zoning & alternative use
CG : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+16.6%
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%
$770,000
6.5%
$710,000
7%
$660,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$990,000
Current use
RETAIL STORES
$1,150,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$915,000
Change: -8% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$830,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±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
$208 / 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
$12,821
Tax year 2023
Assessed value
$1,373,000
Assessed 2023
Previous assessed
$1,373,000
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$451,300
Assessed improvement
$921,700
Land market value
$451,300
Improvement market value
$921,700
Total market value
$1,373,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
OTHER
Cooling
CENTRAL
Stories
1
Total area
3,600 SF
Lot
0.37 ac (16,117 SF)
Zoning code
CG : VAN
APN
031026-000
UPID
US90-0397835
Jurisdiction
CLARK
Zoning & alternative use
CG : VAN · Vancouver, WA
Zoning 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
Vancouver. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$990,000
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$915,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$830,000
MEDICAL BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2008
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Grand Central Partners II LLC
Entity
Free & Clear · 14 yrs held
Mailing address
1615 SE 3RD AVE STE #100, PORTLAND, OR 97214-2283
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2019
—
Grand Central Partners LLC
—
Loan Modification
related
$16,896,302 · Miscellaneous Ins Co
Nov 16, 2012
—
Grand Central Partners LLC
—
Deed Of Trust
related
$15,250,000 · Midland National Life Ins
Apr 10, 2012
—
Grand Central Partners II LLC
Grand Central Partners LLC
Quit Claim Deed
—
Feb 26, 2010
—
Grand Central Partners LLC
—
Deed Of Trust
related
$15,534,892 · Key Bank & Trust
Jun 22, 2007
$7,560,025
Fred Meyer Stores INC
Grand Central Partners LLC
Warranty Deed
—
Jun 22, 2007
—
Grand Central Partners LLC
City Of Vancouver
Quit Claim Deed
related
—
Jan 26, 2006
—
Columbia Grand LLC
Campbell Equities LLC
Quit Claim Deed
related
—
Jan 26, 2006
$1,130,000
Grand Central Partners LLC
Campbell Equities LLC
Warranty Deed
$4,145,022 · Columbia Cu
Jan 20, 2006
—
Grand Central Partners LLC
Columbia Grand LLC
Quit Claim Deed
related
—
Jul 9, 2004
$5,100,000
Columbia Ground LLC
Campbell Equities LLC
Grant Deed
$2,980,000 · Campbell Equities LLC
Jun 15, 1999
—
Norman O Dversdal
Nordic Enterprises Lrd
Quit Claim Deed
related
—
Jun 15, 1999
$3,900,000
Campbell Equities LLC
Dversdal,norman O
Trustees Deed
related
—
Jun 11, 1998
$2,600,000
Norman O Dversdal
Jantzen INC
Grant Deed
$2,355,000 · At&t Capital Corp
—
—
Grand Central Partners LLC
—
Deed Of Trust
related
$15,250,000 · Keybank USA
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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