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Property profile & analytics
OFF-MARKET
Estimated value
$11,570,000
Apartment buildings
2474 Rossiter Ln 1 Vancouver, WA 98661-5793
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1555444
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Construction
WOOD
Total area
35,688 SF
Lot
1.23 ac (53,579 SF)
Zoning code
R-18 : VAN
APN
030490-000
UPID
US90-1555444
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
-
Bloc at 26th Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.57M
Owner & transaction history
Nee Neals And Park LLC · 4 yrs held
Nee Neals And Park LLC
since 2021
Last sale
$12.2M
7 recorded transactions
Zoning & alternative use
R-18 : 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
Method
Estimation
Statistic approach
$11,755,000
ML approach
$10,130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.57M
Range $10.41M – $12.73M · ±10% · vs last sale $12.20M (Dec 22 2021)
Last sale anchor
$12.20M
Dec 22 2021
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
$324 / 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
$49,261
Tax year 2023
Assessed value
$5,278,900
Assessed 2023
Previous assessed
$4,799,000
+10.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$471,493
Assessed improvement
$4,807,407
Land market value
$471,493
Improvement market value
$4,807,407
Total market value
$5,278,900
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1968
Construction
WOOD
Heating
BASEBOARD
Buildings
17
Stories
1
Total area
35,688 SF
Lot
1.23 ac (53,579 SF)
Zoning code
R-18 : VAN
APN
030490-000
UPID
US90-1555444
Jurisdiction
CLARK
Zoning & alternative use
R-18 : VAN · Vancouver, WA
Zoning R-18 : VAN · permitted uses
R-18 : 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.
Building & site characteristics
From public records
Year built
1968
Construction
WOOD
Heating
BASEBOARD
Stories
1
Buildings
17
Lot
1.23 ac
Current owner
From public records · entity-resolved
Nee Neals And Park LLC
Entity
Mailing address
3519 NE 15TH AVE STE #543, PORTLAND, OR 97212-2356
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
$12,200,000
Nee Neals And Park LLC
Better Apt At Neals Lane Townhomes
Special Warranty Deed
—
Sep 21, 2005
$3,850,000
Better Apartments At Neals Lane Tow
Larry A Martin
Warranty Deed
$2,306,000 · Green Park Financial LP
Oct 21, 1999
$1,298,500
Larry A Martin
Northwest Associates
Grant Deed
$2,620,000 · Centennial Bank
Dec 29, 1990
$740,000
Northwest Associates
Unknown
Grant Deed
—
—
—
Larry A Martin
—
Deed Of Trust
related
$2,620,000 · Premierwest Bank
—
—
Northwest Associates
—
Deed Of Trust
related
$1 · Liberty Funding
—
—
Better Apartments Of Neals Lane
—
Deed Of Trust
related
$2,500,000 · J P Morgan Chase Bank
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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