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Property profile & analytics
OFF-MARKET
Estimated value
$5,005,000
Industrial properties
2811 65th Ave 49 Vancouver, WA 98661
Entity Owned
12-yr Hold
Free & Clear
Property ID
US90-1806656
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1976
Construction
STEEL FRAME
Total area
50,085 SF
Lot
2.35 ac (102,366 SF)
Zoning code
IL : VAN
APN
161879-000
UPID
US90-1806656
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.96M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.01M
Owner & transaction history
Andresen Plaza Spe LLC · 12 yrs held
Andresen Plaza Spe LLC
since 2014
7 recorded transactions
Zoning & alternative use
IL : VAN · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,545,000
6.5%
$6,960,000
7%
$6,465,000
Blend value · Realmo final
$5.01M
Range $4.50M – $5.51M · ±10%
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
$100 / 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
$38,277
Tax year 2023
Assessed value
$4,101,600
Assessed 2023
Previous assessed
$3,808,700
+7.7% YoY
Effective rate
0.93%
On assessed value
Assessed land
$900,821
Assessed improvement
$3,200,779
Land market value
$900,821
Improvement market value
$3,200,779
Total market value
$4,101,600
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1976
Construction
STEEL FRAME
Heating
SPACE
Buildings
2
Stories
1
Total area
50,085 SF
Lot
2.35 ac (102,366 SF)
Zoning code
IL : VAN
APN
161879-000
UPID
US90-1806656
Jurisdiction
CLARK
Zoning & alternative use
IL : VAN · Vancouver, WAZoning 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
Building & site characteristics
From public records
Year built
1976
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
2
Lot
2.35 ac
Current owner
From public records · entity-resolved
Andresen Plaza Spe LLC
Entity
Free & Clear · 12 yrs held
Mailing address
PO BOX 908, VANCOUVER, WA 98666-0908
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2025
—
Nadresen Plaza Spe LLC
—
Deed
related
$6,450,000 · Symetra Life Insurance Co
May 10, 2016
—
Andresen Plaza Spe LLC
—
Deed
related
$5,350,000 · Miscellaneous Ins Co
Jul 11, 2014
$6,100,000
Andresen Plaza Spe LLC
Paul Markley Ents LLC
Warranty Deed
—
May 31, 2006
$7,600,000
Paul Markley Enterprises LLC
Andresen Twenty Eight LLC
Warranty Deed
$6,000,000 · Lehman Brothers Bank Fsb
Apr 29, 1998
$2,000,000
Mchugh,consuelo H
Andersen Warehouse LLC
Trustees Deed
—
Apr 29, 1998
—
Andersen Eleven Union LLC
Mchugh Trust
Quit Claim Deed
related
—
Oct 4, 1996
$550,000
Andresen Warehouse LLC
Harrington,harrington Trust
Grant Deed
—
Nov 8, 1991
—
Clifford C Etal Archer
Unknown
Grant Deed
related
—
—
—
Andresen Plaza Spe LLC
—
Deed Of Trust
related
$5,350,000 · Miscellaneous Ins Co
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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