Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3101 192nd Ave Vancouver, WA 98683-1442

    • Medical Office Space
    • 14,707 SF
    • 1.40 lot acres
    OFF-MARKET
    Last Sale
    Dec 31, 2024
    Value Estimations
    $2,515,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0751773
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Christine B. Green, PsyD / Physician / Medical Clinic
    • Rebound Clinic East / Medical Clinic
    • Providence Camas Rehab and Sports Therapy - Vancouver / Medical Clinic / Physician
    • Alexis M Griffiths, PA-C / Pediatrician / Physician
    • Alyssa Merkel / Physician

    Property Details for 3101 192nd Ave

    Year built
    2011
    Construction
    STEEL FRAME
    Lot size
    1.40 lot acres
    Property size
    14,707 SF
    Zone code
    CC : VAN
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    125843-009
    APU
    125843009

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,150,000
      6.5%
      $2,905,000
      7%
      $2,700,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,274,000
      Market price range: $817k - $3.32M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $4,035,000
      Current use
      INDUSTRIAL (GENERAL)
      $3,595,000
      Change: -11% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,490,000
      Change: -14% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $3,395,000
      Change: -16% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.477
    Latitude
    45.5981
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $46,736
    $1,927,596
    $2,970,704
    $4,898,300
    -
    $1,927,596
    $2,970,704
    $4,898,300

    Comparable in this City

    • Value Estimation by Request
      0.77 Acres

      Vancouver, WA 98683

      MEDICAL CLINIC • 0.77 Acres
      Vancouver, WA 98683
      View Details
    • Value Estimation
      $1,255,000
      8,066 SF

      1405 164th Ave, Unit 1

      MEDICAL BUILDING • 8,066 SF
      1405 164th Ave, Vancouver, WA 98683-9644
      View Details
    • Value Estimation
      $620,000
      3,067 SF

      601 117th Ave Ste, Unit 100

      MEDICAL BUILDING • 3,067 SF
      601 117th Ave Ste, Vancouver, WA 98683-5297
      View Details
    • Value Estimation
      $3,795,000
      3,378 SF

      601 117th Ave Ste, Unit 220

      MEDICAL BUILDING • 3,378 SF
      601 117th Ave Ste, Vancouver, WA 98683-5297
      View Details
    • Value Estimation
      $3,495,000
      24,799 SF

      16811 Mcgillivray Blvd

      MEDICAL BUILDING • 24,799 SF
      16811 Mcgillivray Blvd, Vancouver, WA 98683-3404
      View Details
    • Value Estimation by Request
      2,737 SF

      601 117th Ave Ste, Unit 120

      MEDICAL BUILDING • 2,737 SF
      601 117th Ave Ste, Vancouver, WA 98683-5297
      View Details

    Similar Nearby for Sale

    • $1,385,000

      Functional Commercial Space in Vancouver

      Flexible commercial space in east Vancouver with ample parking.
      606 SE 117Th Ave, Vancouver, WA 98683
      View Details
    • Contact for pricing

      Office Condo Units For Sale

      Office condo units available near Mill Plain Blvd, Vancouver, WA.
      12330 SE 5Th St, Vancouver, WA 98683
      View Details
    • New
      $225,000
      0.23 Acres

      Residential Land with River View

      Upslope lot with potential river views in Vancouver, WA.
      14215 SE Bella Vista Pl, Vancouver, WA 98683
      View Details
    • New
      $349,900
      0.17 Acres

      Ready-to-Build Lot in Vancouver, WA

      7,568 sq. ft. lot in a desirable new neighborhood.
      1410 SE 188Th Ave, Vancouver, WA 98683
      View Details
    • New
      $389,900
      0.17 Acres

      Ready-to-Build Lot in Vancouver, WA

      7,551 sq. ft. lot in a desirable new neighborhood.
      1360 SE 188Th Ave, Vancouver, WA 98683
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Office Space Available

      Class A office space with common area upgrades and amenities.
      16703 SE Mcgillivray Blvd, Vancouver, WA 98683
      View Details
    • $25 SF/Yr

      Adaptable Flex Space Near Portland

      Climate-controlled flex space suitable for manufacturing, flex, and office uses.
      18110 SE 34Th St, Vancouver, WA 98683
      View Details
    • Contact for pricing

      Office Space Near Mill Plain

      Office space near amenities and public transit in Vancouver, WA.
      12330 SE 5Th St, Vancouver, WA 98683
      View Details
    • $28 SF/Yr

      Modern Office Space with Signage

      Modern office space with parking, signage, and convenient amenities.
      19120 SE 34Th St, Vancouver, WA 98683
      View Details
    • Contact for pricing

      Prime Retail Space in Vancouver

      Class A storefront retail space in a central location.
      908 SE 164Th Ave, Vancouver, WA 98683
      View Details
    • Contact for pricing

      Multi-Functional Amenity Center for Lease

      Multi-functional amenity center designed to foster a collaborative environment.
      18110 SE 34Th St, Vancouver, WA 98683
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3101 192nd Ave
    Vancouver, WA 98683-1442
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!