3128 Evergreen Blvd 72 Vancouver, WA 98661-4927
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Estimated value (blended)
$915k
Range $824k – $1.01M (±10%)
Implied cap rate
2.90%
In-place · NOI ÷ last sale
Property ID
US90-0241039
Property summary
AI-generated overview
This exceptional two-story, 2,001 square foot executive office building, effectively built in 2020, is situated on a 0.31-acre lot in Vancouver, WA (98661). The property features a modern design with high-end finishes and fixtures throughout. The ground floor boasts four offices, a bathroom, reception area, and kitchen. Upstairs, find two versatile office spaces with abundant natural light, a bathroom, reception area, conference room, and kitchen. The building includes two structures
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1950
Construction
WOOD
Total area
2,001 SF
Lot
0.31 ac (13,504 SF)
Zoning code
CC : VAN
APN
030931-000
UPID
US90-0241039
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Financial Advisor
-
Financial Advisor
-
Financial Advisor
-
Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$865k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$900k
Blend (final)
Blend
$915k
Owner & transaction history
since 2020
Last sale
$700,000
3 recorded transactions
Zoning & alternative use
CC : VAN · Vancouver, WA
Top alternative use upside
Retail stores
$640,000
+26.0%
Medical building
$550,000
+8.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$915k
Value range
$824k – $1.01M
±10% around blend
Estimated value / SF
$457 / SF
Confidence
High
6 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
60
$824k
blend $915k
$1.01M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,001 SF
Lot area
0.31 ac
Year built
1950
Stories
1
APN
030931-000
Assessed value
$827,750
Annual tax
$7,751
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$611k
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.4 mi away · 1,560 SF
4.7 mi away · 2,076 SF
7.0 mi away · 1,440 SF
7.1 mi away · 1,764 SF
8.6 mi away · 1,840 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$915k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 19 sales
$254
+80%
Submarket 131 sales
$237
+93%
County 165 sales
$243
+88%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $457/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+26%
vs current-use indication
Medical Building
Commercial (general) · current use
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
2.90%
Implied, in-place cap rate for this office spaces
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
NOI (est.)
$49k *
Last sale · Sep 2020
$700k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.69M
Move the market yield to see immediate price impact.
Value / SF
$844
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.40%2.90%3.40%
$44k
$1.84M
$1.52M
$1.30M
$49k
$2.04M
$1.69M
$1.44M
$54k
$2.25M
$1.86M
$1.59M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$925k
2.0 mi · Feb 2026 · $652/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,751
Tax year 2023
Assessed value
$827,750
Assessed 2023
Previous assessed
$572,800
+44.5% YoY
Effective rate
0.94%
On assessed value
Assessed land
$169,400
Assessed improvement
$658,350
Land market value
$169,400
Improvement market value
$658,350
Total market value
$827,750
Applied tax rate
10,000.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1950
Construction
WOOD
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
2,001 SF
Lot
0.31 ac (13,504 SF)
Zoning code
CC : VAN
APN
030931-000
UPID
US90-0241039
Jurisdiction
CLARK
Zoning & alternative use
CC : VAN · Vancouver, WAZoning CC : VAN · permitted uses
CC : VAN · Vancouver, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Construction
WOOD
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
0.31 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CC : VAN
Jurisdiction
Vancouver, WA
Recorded code
CC : VAN
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CC : VAN in Vancouver, WA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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