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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Medical Office Space
2616 112th Ave 36, Vancouver, WA 98684-4284
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-3264024
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Construction
WOOD
Total area
2,890 SF
Lot
0.82 ac (35,719 SF)
Zoning code
CC : VAN
APN
162643-000
UPID
US90-3264024
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
-
Cascadia Dental Career Institute Dental Office Vocational School
-
Personal Property Management Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.05M
Owner & transaction history
Personal Property Mgmt & Consulting · 3 yrs held
Personal Property Mgmt & Consulting
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
CC : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$925,000
+16.6%
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
$1,025,000
ML approach
$1,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $1.06M (Dec 29 2021)
Last sale anchor
$1.06M
Dec 29 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
$363 / 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
$10,181
Tax year 2023
Assessed value
$1,066,100
Assessed 2023
Previous assessed
$927,000
+15.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$451,858
Assessed improvement
$614,242
Land market value
$451,858
Improvement market value
$614,242
Total market value
$1,066,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1983
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
2,890 SF
Lot
0.82 ac (35,719 SF)
Zoning code
CC : VAN
APN
162643-000
UPID
US90-3264024
Jurisdiction
CLARK
Zoning & alternative use
CC : VAN · Vancouver, WA
Zoning CC : VAN · permitted uses
CC : 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
MEDICAL BUILDING Current
Est. value
$795,000
RETAIL STORES
Est. value
$925,000
COMMERCIAL (GENERAL)
Est. value
$685,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$665,000
MEDICAL BUILDING Current
RETAIL STORES
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
1983
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
Personal Property Mgmt & Consulting
Entity
Mailing address
2616 NE 112TH AVE, VANCOUVER, WA 98684-4284
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2022
—
Personal Property Mgmt & Consulting
Domro Holdings LLC
Lease
$550,000 · Northwest Business Development Associati
Feb 17, 2022
—
Dumbro Holdings LLC
—
Deed
related
$611,050 · Jpmorgan Chase Bank NA
Dec 29, 2021
$1,064,000
Dumbro Holdings LLC
2616 Ne 112th Ave LLC
Warranty Deed
$876,450 · Jpmorgan Chase Bank NA
Aug 1, 2018
$900,000
2616 Ne 112 Ave LLC
Perkins Nw Leasing & Financing
Warranty Deed
$560,000 · Salal Cu
Mar 5, 2004
$635,000
Northwest Leasing Perkins
Sorensen,tr
Grant Deed
$649,000 · Cit Small Business Lending Co
Mar 1, 2004
—
Vancouver City (wa)
Sorensen,steven J & Joann A
Grant Deed
related
—
—
—
Northwest Leasing Perkins
—
Deed Of Trust
related
$1,258,000 · Live Oak Banking Co
—
—
Northwest Leasing Perkins
—
Deed Of Trust
related
$728,000 · West Coast 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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