Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2616 112th Ave, Unit 36 Vancouver, WA 98684-4284

    • Medical offices
    • 2,890 SF
    • 0.82 lot acres
    OFF-MARKET
    Last Sale
    Dec 29, 2021
    $1,064,000
    Value Estimations
    $1,050,000
    Show details
    Cap Rate Potential
    3.6%
    Medical offices
    Location Intelligence
    Property ID
    US90-3264024
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cascadia Dental Career Institute / Dental School / Adult Education School
    • Personal Property Management / Property Management Company

    Property Details for 2616 112th Ave

    Year built
    1983
    Construction
    WOOD
    Lot size
    0.82 lot acres
    Property size
    2,890 SF
    Zone code
    CC : VAN
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    162643-000
    APU
    162643000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,025,000
      ML approach
      $1,020,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,068,000
      Market price range: $523k - $1.07M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $795,000
      Current use
      RETAIL STORES
      $925,000
      Change: +17% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $685,000
      Change: -14% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $665,000
      Change: -16% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.559
    Latitude
    45.6417
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,181
    $451,858
    $614,242
    $1,066,100
    -
    $451,858
    $614,242
    $1,066,100

    Comparable in this City

    • Value Estimation
      $740,000
      5,764 SF

      416 112th Ave, Unit 44

      MEDICAL BUILDING • 5,764 SF
      416 112th Ave, Vancouver, WA 98684-5018
      View Details
    • Value Estimation
      $1,675,000
      10,608 SF

      417 164th Ave Ste, Unit 300

      MEDICAL BUILDING • 10,608 SF
      417 164th Ave Ste, Vancouver, WA 98684-8944
      View Details
    • Value Estimation
      $815,000
      4,398 SF

      16315 23rd St

      MEDICAL BUILDING • 4,398 SF
      16315 23rd St, Vancouver, WA 98684-8665
      View Details
    • Value Estimation by Request
      6,688 SF

      201 124th Ave

      MEDICAL CLINIC • 6,688 SF
      201 124th Ave, Vancouver, WA 98684-6066
      View Details
    • Value Estimation
      $990,000
      6,200 SF

      11820 Crestwood Dr

      MEDICAL BUILDING • 6,200 SF
      11820 Crestwood Dr, Vancouver, WA 98684-5102
      View Details
    • Value Estimation
      $3,325,000
      21,765 SF

      210 136th Ave

      MEDICAL BUILDING • 21,765 SF
      210 136th Ave, Vancouver, WA 98684-6930
      View Details

    Similar Nearby for Sale

    • $3,456,000
      1.45 Acres

      Prime Vancouver Medical Office Condo

      Two-unit medical office building, excellent location.
      13102 4Th St, Vancouver, WA 98684
      View Details
    • $2,720,000
      8,000 SF

      Prime Vancouver Medical Office Building

      Class A, 8,000 SF, $2.72M
      13118 4Th St, Vancouver, WA 98684
      View Details
    • $4,840,000

      Vancouver Evergreen Plaza Office Property

      Class A office property in Vancouver, WA, fully occupied.
      701 NE 136Th Ave, Vancouver, WA 98684
      View Details
    • Contact for pricing
      51 SF

      Office Space Near Mill Plain

      Office space for sale near shopping, medical, and hotels.
      204 SE Stonemill Dr, Vancouver, WA 98684
      View Details
    • New
      $3,950,000
      15,390 SF

      Vancouver Multifamily Investment Opportunity

      Portfolio of five duplexes, totaling ten units, all currently leased.
      13003 NE 25Th St, Vancouver, WA 98684
      View Details
    • $129,900

      All Ages Manufactured Home

      Two-bedroom manufactured home with new roof and flooring.
      16812 SE 1St St SE, Vancouver, WA 98684
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      25,463 SF

      Ninth Street Medical Plaza Office

      Medical Office Building, 25,463 SF, Vancouver
      11201 9Th St, Vancouver, WA 98684
      View Details
    • $21 SF/Yr
      8,000 SF

      Cascade Park Medical Office Space

      Vancouver, WA: Medical Office Suites Available
      12306 Mill Plain Blvd, Vancouver, WA 98684
      View Details
    • $26 SF/Yr
      340,855 SF

      Park Towers Office Space For Lease

      Class A Vancouver Office Suites Available
      201 Park Plaza Dr, Vancouver, WA 98684
      View Details
    • $8 SF/Yr
      6,249 SF

      Vancouver Office Space for Lease

      Flexible Workspaces in Clark County
      701 136Th Ave, Vancouver, WA 98684
      View Details
    • $16 SF/Yr
      39,870 SF

      Vancouver Flex Office Space Available

      Single-story office space suitable for office, medical, or call center.
      14301 SE 1St St, Vancouver, WA 98684
      View Details
    • $20 SF/Yr
      19,000 SF

      Crestwood Business Park Offices

      Vancouver Office Park - Multiple Suites Available
      11818 Mill Plain Blvd, Vancouver, WA 98684
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2616 112th Ave, Unit 36
    Vancouver, WA 98684-4284
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.