Back to Search
Property profile & analytics
FOR LEASE
Community centers
2615 NE 112Th Ave Vancouver, WA 98684
Individually Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0417990
For Lease
1 / 2
$22 SF/Yr
2615 NE 112Th Ave, Vancouver, WA 98684
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
62,704 SF
Lot
3.24 ac (141,134 SF)
Zoning code
XZ
APN
162742-002
UPID
US90-0417990
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
-
Safeway Grocery & Convenience Store Food Market
-
OnPoint Community Credit Union Credit Union
-
Starbucks Cafe & Coffee Shop
-
Safeway Pharmacy Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.97M
Owner & transaction history
St Liquor Control B Washington · 20 yrs held
St Liquor Control B Washington
since 2005
7 recorded transactions
Zoning & alternative use
XZ · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$95 / 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
$73,440
Tax year 2023
Assessed value
$7,697,800
Assessed 2023
Previous assessed
$6,693,700
+15.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,785,358
Assessed improvement
$5,912,442
Land market value
$1,785,358
Improvement market value
$5,912,442
Total market value
$7,697,800
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
62,704 SF
Lot
3.24 ac (141,134 SF)
Zoning code
XZ
APN
162742-002
UPID
US90-0417990
Jurisdiction
CLARK
Zoning & alternative use
XZ · Vancouver, WA
Zoning XZ · permitted uses
XZ · 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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
3.24 ac
Current owner
From public records · entity-resolved
St Liquor Control B Washington
Individual
Free & Clear · 20 yrs held
Mailing address
400 E ML PLN BLVD STE #500, VANCOUVER, WA 98660-3492
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2024
—
Four Seasons Place LLC
—
Deed
related
$8,350,000 · River City Bank
Oct 18, 2017
—
Four Seasons Place LLC
—
Grant Deed
related
$9,650,000 · Miscellaneous Ins Co
Aug 30, 2005
—
St Liquor Control B Washington
Four Seasons Place LLC
Grant Deed
related
—
Jun 2, 2005
$84,000
City Of Vancouver
Four Seasons Place LLC
Warranty Deed
—
Nov 5, 2001
—
Vancouver City (wa)
Four Seasons Place LLC
Grant Deed
related
—
—
—
Four Seasons Place LLC
—
Deed Of Trust
related
$11,250,000 · Northwestern Mutual Life Ins
—
—
Four Seasons Place LLC
—
Deed Of Trust
related
$7,500,000 · Homestreet 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.
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?”
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.
