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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Office Spaces
3214 42nd St 5 Vancouver, WA 98663-3720
Individually Owned
1-yr Hold
Free & Clear
Property ID
US90-1763730
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,426 SF
Lot
0.27 ac (11,761 SF)
Zoning code
CC : VAN
APN
149998-000
UPID
US90-1763730
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
-
Parking Lot Parking
-
Wright Hotel Development Construction Company General Contractor
-
Columbia Homes Northwest Inc Construction Company General Contractor
-
Premier Investment Corporation Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$775k
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$794k
Blend (final)
Blend
$775k
Owner & transaction history
Robert Wright · 1 yrs held
Robert Wright
since 2025
Last sale
$775,000
6 recorded transactions
Zoning & alternative use
CC : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+26.3%
Medical building
$940,000
+8.4%
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
$775,000
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
$765,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$865,000
Current use
RETAIL STORES
$1,095,000
Change: +26% · Conversion: Easy
MEDICAL BUILDING
$940,000
Change: +8% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$790,000
Change: -9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$710,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $775k (Aug 20 2024)
Last sale anchor
$775k
Aug 20 2024
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
$226 / 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
$5,888
Tax year 2023
Assessed value
$629,900
Assessed 2023
Previous assessed
$629,900
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$134,100
Assessed improvement
$495,800
Land market value
$134,100
Improvement market value
$495,800
Total market value
$629,900
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
2
Stories
2
Total area
3,426 SF
Lot
0.27 ac (11,761 SF)
Zoning code
CC : VAN
APN
149998-000
UPID
US90-1763730
Jurisdiction
CLARK
Zoning & alternative use
CC : VAN · Vancouver, WA
Zoning CC : VAN · permitted uses
CC : 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
COMMERCIAL (GENERAL) Current
Est. value
$865,000
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$940,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$790,000
AUTO REPAIR, GARAGE
Est. value
$710,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Buildings
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
Robert Wright
Individual
Free & Clear · 1 yrs held
Mailing address
3214 NE PO BOX 822366TH ST STE A, VANCOUVER, WA 98682-0052
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2025
—
Robert Wright
Joan Riemer
Deed
related
—
Aug 20, 2024
$775,000
3214 Property LLC
Robert Wright
Warranty Deed
$620,000 · Jpmorgan Chase Bank NA
Mar 13, 2015
$550,000
Robert Wright
Riel LP 3
Dual Purpose Document
related
$440,000 · Riel LP #3
May 28, 1993
$325,000
Elser,martin & Joan Trustees
Unknown
Grant Deed
—
Apr 5, 1991
$455,200
Nesburg Construction Co I
Nesburg Construc
Grant Deed
related
$315,000 · Key Bank Of Oregon
Mar 26, 1991
$550,000
Anthony-nesburg
Anthony-nesburg,
Grant Deed
related
$1,000,000 · Northwest National 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.
Try Rey
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