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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Assisted living facilities
2911 Cherry Rd 186 Vancouver, WA 98663-3713
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1588414
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2003
Construction
STEEL FRAME
Total area
2,506 SF
Lot
1.2 ac (52,272 SF)
Zoning code
R-9 : VAN
APN
150129-000
UPID
US90-1588414
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
$805k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$658k
Blend (final)
Blend
$795k
Owner & transaction history
Donald R Smith · 5 yrs held
Donald R Smith
since 2021
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
R-9 : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$800,000
+64.3%
Medical building
$685,000
+40.9%
Commercial (general)
$635,000
+30.1%
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
$770,000
ML approach
$805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$490,000
Current use
RETAIL STORES
$800,000
Change: +64% · Conversion: Difficult
MEDICAL BUILDING
$685,000
Change: +41% · Conversion: Difficult
COMMERCIAL (GENERAL)
$635,000
Change: +30% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$580,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$520,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $800k (Jun 4 2021)
Last sale anchor
$800k
Jun 4 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
$317 / 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
$7,580
Tax year 2023
Assessed value
$811,200
Assessed 2023
Previous assessed
$806,376
+0.6% YoY
Effective rate
0.93%
On assessed value
Assessed land
$252,129
Assessed improvement
$559,071
Land market value
$252,129
Improvement market value
$559,071
Total market value
$811,200
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
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
8
Total area
2,506 SF
Lot
1.2 ac (52,272 SF)
Zoning code
R-9 : VAN
APN
150129-000
UPID
US90-1588414
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$490,000
RETAIL STORES
Est. value
$800,000
MEDICAL BUILDING
Est. value
$685,000
COMMERCIAL (GENERAL)
Est. value
$635,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$580,000
AUTO REPAIR, GARAGE
Est. value
$520,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (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
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
8
Lot
1.2 ac
Current owner
From public records · entity-resolved
Donald R Smith
Individual
Mailing address
2911 NE CHERRY RD, VANCOUVER, WA 98663-3713
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2021
$800,000
Donald R Smith
Viktor M Ivanov
Warranty Deed
$640,000 · Bank Of America NA
Sep 13, 2002
$67,700
Viktor M Ivanov
Sharon Brusseau Estate
Grant Deed
—
—
—
Roger F Brusseau
—
Deed Of Trust
related
$40,000 · Beneficial Mortgage Co
—
—
Roger F Brusseau
—
Deed Of Trust
related
$15,192 · Beneficial Washington INC
—
—
Viktor M Ivanov
—
Deed Of Trust
related
$81,000 · Bank Of America
—
—
Viktor M Ivnov
—
Deed Of Trust
related
$189,400 · Washington Mutual Fsb
—
—
Roger F Brusseau
—
Deed Of Trust
related
$10,000 · Beneficial Mortgage 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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