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Property profile & analytics
OFF-MARKET
Estimated value
$4,825,000
Warehouses
2818 2nd St, Vancouver, WA 98661-7778
Entity Owned
~
Est. High Equity
Property ID
US90-1192359
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2010
Construction
TYPE NOT SPECIFIED
Total area
23,390 SF
Lot
1.24 ac (54,014 SF)
Zoning code
IL : VAN
APN
031065-000
UPID
US90-1192359
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
-
Files Design Co Construction Company General Contractor
-
Key Trucking Inc Trucking Company
-
Braley Gray & Associates Construction Company General Contractor
-
CV Medical, LLC Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.35M
CAP Approach
CAP
$3.34M
Comparable Approach
Comparable
$5.15M
Blend (final)
Blend
$4.83M
Owner & transaction history
Allen Properties LLC
Allen Properties LLC
since 2025
Last sale
$5.9M
7 recorded transactions
Zoning & alternative use
IL : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.8M
+150.4%
Retail stores
$7.5M
+141.4%
Medical building
$6.4M
+107.1%
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
$4,345,000
ML approach
$4,345,000
CAP Approach
CAP Return
Estimation
6%
$3,615,000
6.5%
$3,335,000
7%
$3,100,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,100,000
Current use
RESTAURANT
$7,760,000
Change: +150% · Conversion: Difficult
RETAIL STORES
$7,480,000
Change: +141% · Conversion: Moderate
MEDICAL BUILDING
$6,415,000
Change: +107% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,935,000
Change: +92% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,720,000
Change: +85% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,395,000
Change: +74% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,855,000
Change: +57% · Conversion: Easy
Blend value · Realmo final
$4.83M
Range $4.34M – $5.31M · ±10% · vs last sale $5.88M (Dec 19 2025)
Last sale anchor
$5.88M
Dec 19 2025
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
$206 / 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
$43,341
Tax year 2023
Assessed value
$4,644,400
Assessed 2023
Previous assessed
$4,499,900
+3.2% YoY
Effective rate
0.93%
On assessed value
Assessed land
$415,911
Assessed improvement
$4,228,489
Land market value
$415,911
Improvement market value
$4,228,489
Total market value
$4,644,400
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2010
Construction
TYPE NOT SPECIFIED
Heating
OTHER
Stories
1
Total area
23,390 SF
Lot
1.24 ac (54,014 SF)
Zoning code
IL : VAN
APN
031065-000
UPID
US90-1192359
Jurisdiction
CLARK
Zoning & alternative use
IL : VAN · Vancouver, WA
Zoning 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
Vancouver. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.1M
RESTAURANT
Est. value
$7.8M
RETAIL STORES
Est. value
$7.5M
MEDICAL BUILDING
Est. value
$6.4M
COMMERCIAL (GENERAL)
Est. value
$5.9M
INDUSTRIAL (GENERAL)
Est. value
$5.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$4.9M
WAREHOUSE, STORAGE Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
2010
Construction
TYPE NOT SPECIFIED
Heating
OTHER
Stories
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
Allen Properties LLC
Entity
Mailing address
2818 E 2ND ST, VANCOUVER, WA 98661-7778
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2025
$5,880,000
Allen Properties LLC
2nd Street Holdings LLC
Warranty Deed
—
Mar 11, 2024
$4,346,500
2nd Street Holdings LLC
Vh 2nd Street Office LLC
Warranty Deed
$3,000,000 · Capital Preservation 200 LLC
Oct 13, 2023
—
Vh 2nd Street Office LLC
—
Deed
related
—
Dec 20, 2022
—
Vh 2nd Street Office LLC
—
Deed
related
$3,000,000 · Socotra Reit LLC
Jul 26, 2022
$6,000,000
Vh 2nd Street Office LLC
Patrick T Files JR
Warranty Deed
—
Apr 23, 2021
—
Patrick T Files
—
Deed
related
$2,000,000 · Vault Holding LLC
Jan 9, 2020
—
Patrick T Files JR
—
Deed
related
$2,300,000 · Capital Preservation 100 LLC
Mar 20, 2019
—
Patrick T Files JR
Peddie,christopher S
Deed In Lieu Of Foreclosure
related
—
Jan 29, 2016
$1,000,000
Christopher S Peddie
Files,patrick T JR & Jennifer S
Warranty Deed
$885,000 · Patrick T JR & Jennifer S Files
Dec 21, 2011
—
City Of Vancouver
Files,patrick JR
Grant Deed
related
—
Sep 12, 2006
$1,036,000
Patrick T Files JR.
Castagno,gary W
Warranty Deed
—
—
—
Patrick T Files JR
—
Deed Of Trust
related
$2,300,000 · Capital Preservation 100 LLC
—
—
Christopher S Peddie
—
Deed Of Trust
related
$885,000 · Patrick T JR & Jennifer S Files
—
—
Gary W Castagno
—
Deed Of Trust
related
$311,000 · Evergreen Community Dev Assn
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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