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Property profile & analytics
OFF-MARKET
Estimated value
$1,755,000
Parking lots & garages
315 Ml Pln Blvd 1, Vancouver, WA 98660-2998
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0223119
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2000
Construction
WOOD
Total area
12,437 SF
Lot
0.23 ac (9,875 SF)
Zoning code
CX : VAN
APN
052090-000
UPID
US90-0223119
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
-
Vancouver Automatic Gate & Installations General Contractor Construction Company
-
Wong Seit J MD Physician
-
Jeffrey Albaugh, MD Physician
-
Ideal Option Medical Clinic
-
Sugarman Stanley M MD Geriatric Care Provider
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.76M
Owner & transaction history
Association Of Western Pulp & Paper · 2 yrs held
Association Of Western Pulp & Paper
since 2023
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
CX : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+27.4%
Auto repair, garage
$1.2M
+19.0%
Retail stores
$1.2M
+16.4%
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
$1,630,000
ML approach
$1,655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,310,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,225,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$1,200,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$1.76M
Range $1.58M – $1.93M · ±10% · vs last sale $2.33M (Aug 17 2023)
Last sale anchor
$2.33M
Aug 17 2023
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
$141 / 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
$16,944
Tax year 2023
Assessed value
$1,815,000
Assessed 2023
Previous assessed
$1,815,000
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$488,800
Assessed improvement
$1,326,200
Land market value
$488,800
Improvement market value
$1,326,200
Total market value
$1,815,000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
12,437 SF
Lot
0.23 ac (9,875 SF)
Zoning code
CX : VAN
APN
052090-000
UPID
US90-0223119
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
MEDICAL BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2000
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Association Of Western Pulp & Paper
Individual
Mailing address
1430 SW CLAY ST, PORTLAND, OR 97201-2526
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Aug 17, 2023
$2,334,495
Association Of Western Pulp & Paper
Ekogenia Properties LLC
Warranty Deed
—
Feb 24, 2017
—
Ekogenia Properties LLC
David W Mason
Warranty Deed
—
Feb 23, 2017
—
David W Mason
Kfcm Of Wa LLC
Quit Claim Deed
related
—
Dec 27, 1999
—
Kfcm Of Wa LLC
—
Grant Deed
related
$975,000 · First Independent Bank
Mar 7, 1996
$150,000
F/c Enterprises Wa LLC
Olson,joe & Barbara J
Grant Deed
$130,000 · Seller
—
—
Kfcm Of Wa LLC
—
Deed Of Trust
related
$1,040,000 · Bank Of Clark County
—
—
Kfcm Of Wa LLC
—
Deed Of Trust
related
$950,000 · Pacific Continental 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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