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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Office Spaces
303 16th St, Vancouver, WA 98663-3410
Individually Owned
5-yr Hold
Free & Clear
Property ID
US90-0224045
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1964
Construction
WOOD
Total area
9,270 SF
Lot
0.23 ac (10,000 SF)
Zoning code
CX : VAN
APN
040350-000
UPID
US90-0224045
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
-
Formations Design Group, LLC Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Green Taxes CPAs Tax Preparation
-
Brian H. Wolfe, P.C. Attorney At Law Law Firm
-
Law Office of Diana Tehrani Law Firm
-
Julie L Payne Law Office Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.21M
Owner & transaction history
Josiah Sparrow Wren · 5 yrs held
Josiah Sparrow Wren
since 2021
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
CX : 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
$1,195,000
ML approach
$1,165,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,925,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±10% · vs last sale $1.24M (Apr 6 2021)
Last sale anchor
$1.24M
Apr 6 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
$130 / 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
$14,208
Tax year 2023
Assessed value
$1,521,700
Assessed 2023
Previous assessed
$1,521,700
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$495,000
Assessed improvement
$1,026,700
Land market value
$495,000
Improvement market value
$1,026,700
Total market value
$1,521,700
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1964
Construction
WOOD
Heating
SPACE
Stories
2
Total area
9,270 SF
Lot
0.23 ac (10,000 SF)
Zoning code
CX : VAN
APN
040350-000
UPID
US90-0224045
Jurisdiction
CLARK
Zoning & alternative use
CX : VAN · Vancouver, WA
Zoning CX : VAN · permitted uses
CX : 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
AUTO REPAIR, GARAGE
Est. value
$1.9M
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
1964
Construction
WOOD
Heating
SPACE
Stories
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Josiah Sparrow Wren
Individual
Free & Clear · 5 yrs held
Mailing address
303 E 16TH ST, VANCOUVER, WA 98663-3410
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2021
—
Josiah Sparrow Wren
Benjamin B Tehrani
Intrafamily Transfer
related
—
Nov 17, 2016
$1,128,211
Benjamin B Tehrani
Bank Of The West
Quit Claim Deed
related
—
Apr 22, 2016
$1,035,100
Bank Of The West
Northwest Te Svcs INC|johnson Norman H Family Trus
Trustees Deed
related
—
Feb 1, 2012
—
Johnson Living Trust
Johnson Norman H & P C Trust
Quit Claim Deed
related
—
Apr 24, 2000
$1,240,000
Johnson Trust
Chiarter Title Corp
Grant Deed
—
Jun 29, 1992
$420,000
Charter Title Corp
Charter Title Co
Grant Deed
related
$300,000 · Emc Prtnrshp
—
—
Charter Title Corp
—
Deed Of Trust
related
$100,000 · Riverview Savings Bank
—
—
Johnson Norman H & Phylis C Trust
—
Deed Of Trust
related
—
—
—
Johnson Norman H Family Trust
—
Deed Of Trust
related
$1,045,000 · Bank Of The West
—
—
Norman H Johnson
—
Deed Of Trust
related
$1,120,000 · Bank Of The West
—
—
Charter Title Corp
—
Deed Of Trust
related
$81,250 · Riverview Savings 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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