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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Distribution centers
2614 Carlson Rd 139, Vancouver, WA 98661-6512
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0098191
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1972
Construction
CONCRETE
Total area
3,252 SF
Lot
0.26 ac (11,326 SF)
Zoning code
IL : VAN
APN
030239-066
UPID
US90-0098191
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
-
Prestige NW Construction Services Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$691k
Blend (final)
Blend
$710k
Owner & transaction history
Hallin Properties LLC · 4 yrs held
Hallin Properties LLC
since 2021
Last sale
$730,000
4 recorded transactions
Zoning & alternative use
IL : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+141.4%
Medical building
$890,000
+107.1%
Commercial (general)
$825,000
+91.5%
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
$705,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
$595,000
6.5%
$550,000
7%
$510,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$430,000
Current use
RETAIL STORES
$1,040,000
Change: +141% · Conversion: Moderate
MEDICAL BUILDING
$890,000
Change: +107% · Conversion: Difficult
COMMERCIAL (GENERAL)
$825,000
Change: +92% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$750,000
Change: +74% · Conversion: Moderate
AUTO REPAIR, GARAGE
$675,000
Change: +57% · Conversion: Easy
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $730k (Sep 21 2021)
Last sale anchor
$730k
Sep 21 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
$218 / 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
$5,109
Tax year 2023
Assessed value
$546,400
Assessed 2023
Previous assessed
$496,700
+10.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$85,272
Assessed improvement
$461,128
Land market value
$85,272
Improvement market value
$461,128
Total market value
$546,400
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
OTHER
Stories
1
Total area
3,252 SF
Lot
0.26 ac (11,326 SF)
Zoning code
IL : VAN
APN
030239-066
UPID
US90-0098191
Jurisdiction
CLARK
Zoning & alternative use
IL : VAN · Vancouver, WA
Zoning IL : VAN · permitted uses
IL : 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
WAREHOUSE, STORAGE Current
Est. value
$430,000
RETAIL STORES
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$890,000
COMMERCIAL (GENERAL)
Est. value
$825,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$675,000
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1972
Construction
CONCRETE
Heating
OTHER
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Hallin Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
20627 NW 41ST AVE, RIDGEFIELD, WA 98642-5942
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2021
—
Hallin Properties LLC
Michael Hallin
Intrafamily Transfer
related
—
Jul 14, 2021
$730,000
Michael Hallin
Buena Vista Rooling INC
Warranty Deed
$584,000 · Bank Of The Pacific
Mar 30, 2018
$498,000
Buena Vista Roofing INC
Jayvas Building LLC
Warranty Deed
$453,000 · Jayvas Building LLC
Nov 18, 2015
$158,000
Jayvas Bldg LLC
Mynar,ruth V
Grant Deed
$350,000 · Donald E JR Walker
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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