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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Office Spaces
2703 Ml Pln Blvd Vancouver, WA 98661-4806
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0992417
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1960
Construction
WOOD
Total area
2,466 SF
Lot
0.21 ac (9,000 SF)
Zoning code
R-9 : VAN
APN
030874-000
UPID
US90-0992417
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
-
Consolidated Insurance Services Insurance Agency
-
Sam Komforty insurance Insurance Agency
-
Washington Health Finder Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
$510k
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$770k
Owner & transaction history
Jth Investments LLC · 3 yrs held
Jth Investments LLC
since 2023
Last sale
$1.0M
6 recorded transactions
Zoning & alternative use
R-9 : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$790,000
+26.0%
Medical building
$675,000
+8.1%
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
$700,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
$550,000
6.5%
$510,000
7%
$470,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$625,000
Current use
RETAIL STORES
$790,000
Change: +26% · Conversion: Easy
MEDICAL BUILDING
$675,000
Change: +8% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$570,000
Change: -9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$510,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $1.00M (Jun 20 2023)
Last sale anchor
$1.00M
Jun 20 2023
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
$312 / 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
$6,403
Tax year 2023
Assessed value
$685,100
Assessed 2023
Previous assessed
$378,600
+81.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$85,100
Assessed improvement
$600,000
Land market value
$85,100
Improvement market value
$600,000
Total market value
$685,100
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
2,466 SF
Lot
0.21 ac (9,000 SF)
Zoning code
R-9 : VAN
APN
030874-000
UPID
US90-0992417
Jurisdiction
CLARK
Zoning & alternative use
R-9 : VAN · Vancouver, WA
Zoning R-9 : VAN · permitted uses
R-9 : 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
COMMERCIAL (GENERAL) Current
Est. value
$625,000
RETAIL STORES
Est. value
$790,000
MEDICAL BUILDING
Est. value
$675,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$570,000
AUTO REPAIR, GARAGE
Est. value
$510,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
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
1960
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Jth Investments LLC
Entity
Free & Clear · 3 yrs held
Mailing address
22420 NE 179TH CT, BATTLE GROUND, WA 98604-4802
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2023
$1,000,000
Jth Investments LLC
Nw Elite Homes Corp
Warranty Deed
—
May 17, 2022
$375,000
Nw Elite Homes Corp
Keystone LLC
Warranty Deed
—
May 6, 2022
$240,000
Keystone LLC
Skoro Mate
Warranty Deed
—
Mar 18, 2022
$85,000
Skoro Mate
Consolidated Insurance Services LLC
Warranty Deed
—
Sep 12, 2014
—
John Esparzo
Esparzo,retha
Quit Claim Deed
related
—
Sep 12, 2014
$200,000
John Esparzo
Ammons,virginia L
Grant Deed
$160,000 · Keybank USA
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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