New search
Property profile & analytics
OFF-MARKET
Estimated value
$14,370,000
Medical Office Space
2417 139th St Vancouver, WA 98686
Entity Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-3351575
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
STEEL FRAME
Total area
91,328 SF
Lot
7.38 ac (321,473 SF)
Zoning code
GC : CLK
APN
186613-000
UPID
US90-3351575
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.05M
Comparable Approach
Comparable
$10.51M
Blend (final)
Blend
$14.37M
Owner & transaction history
Vancouver Clinic Building LLC · 21 yrs held
Vancouver Clinic Building LLC
since 2005
7 recorded transactions
Zoning & alternative use
GC : CLK · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$19,550,000
6.5%
$18,050,000
7%
$16,760,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$22,330,000
Change: -11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$21,665,000
Change: -14% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$21,075,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$14.37M
Range $12.93M – $15.81M · ±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
$157 / 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
$238,549
Tax year 2023
Assessed value
$24,426,400
Assessed 2023
Previous assessed
$22,823,600
+7.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$5,159,300
Assessed improvement
$19,267,100
Land market value
$5,159,300
Improvement market value
$19,267,100
Total market value
$24,426,400
Applied tax rate
10,029.0000
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
2005
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
NONE
Stories
2
Bathrooms
2
Total area
91,328 SF
Lot
7.38 ac (321,473 SF)
Zoning code
GC : CLK
APN
186613-000
UPID
US90-3351575
Jurisdiction
CLARK
Zoning & alternative use
GC : CLK · Vancouver, WA
Zoning GC : CLK · permitted uses
GC : CLK · 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
INDUSTRIAL (GENERAL)
Est. value
$22.3M
COMMERCIAL (GENERAL)
Est. value
$21.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$21.1M
INDUSTRIAL (GENERAL)
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
2005
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Bathrooms
2
Lot
7.38 ac
Current owner
From public records · entity-resolved
Vancouver Clinic Building LLC
Entity
Free & Clear · 21 yrs held
Mailing address
700 NE 87TH AVE, VANCOUVER, WA 98664-1913
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2019
—
Vancouver Clinic Building LLC
—
Loan Modification
related
$25,000,000 · Us Bk
Feb 1, 2019
—
Vancouver Clinic Building LLC
—
Loan Modification
related
$38,000,000 · Us Bk
Aug 14, 2017
—
Vancouver Clinic Building LLC
—
Loan Modification
related
$25,000,000 · Us Bk
Jun 7, 2016
—
Vancouver Clinic Building LLC
—
Deed
related
$25,000,000 · Us Bk
Jan 28, 2005
$2,455,250
Vancouver Clinic Building LLC
Legacy Health System INC
Warranty Deed
—
Nov 5, 2004
—
Clark County
Legacy Health System
Quit Claim Deed
related
—
Sep 10, 2004
—
Clark County
Legacy Health System
Quit Claim Deed
related
—
Nov 21, 2002
$300,000
Legacy Health System
Hag LLC
Grant Deed
—
May 23, 2001
$100,000
Hag LLC
Campbell,leslie W
Grant Deed
—
—
—
Vancouver Clinic Building LLC
—
Loan Modification
related
$25,000,000 · Us Bk
—
—
Vancouver Clinic Building LLC
—
Loan Modification
related
$25,000,000 · Us Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2417 139th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
