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Property profile & analytics
OFF-MARKET
Estimated value
$3,550,000
Manufacturing properties
3515 Columbia Way 203, Vancouver, WA 98661-8007
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1184371
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2009
Construction
STEEL FRAME
Total area
49,539 SF
Lot
2.13 ac (92,783 SF)
Zoning code
IH : VAN
APN
037762-000
UPID
US90-1184371
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
-
Vigor Industrial Manufacturer Construction Company
-
Oregon Iron Works Metal Fabrication Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.08M
Blend (final)
Blend
$3.55M
Owner & transaction history
Iron Partners LLC · 19 yrs held
Iron Partners LLC
since 2007
4 recorded transactions
Zoning & alternative use
IH : 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.55M
Range $3.20M – $3.91M · ±10%
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
$72 / 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
$74,239
Tax year 2023
Assessed value
$7,956,250
Assessed 2023
Previous assessed
$6,619,050
+20.2% YoY
Effective rate
0.93%
On assessed value
Assessed land
$628,705
Assessed improvement
$7,327,545
Land market value
$628,705
Improvement market value
$7,327,545
Total market value
$7,956,250
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2009
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
49,539 SF
Lot
2.13 ac (92,783 SF)
Zoning code
IH : VAN
APN
037762-000
UPID
US90-1184371
Jurisdiction
CLARK
Zoning & alternative use
IH : VAN · Vancouver, WA
Zoning IH : VAN · permitted uses
IH : 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.
Building & site characteristics
From public records
Year built
2009
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
2.13 ac
Current owner
From public records · entity-resolved
Iron Partners LLC
Entity
Mailing address
9700 SE LAWNFIELD RD, CLACKAMAS, OR 97015-7636
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2007
—
Iron Partners LLC
Aarnio,terry
Grant Deed
—
Dec 6, 1991
$1,210,952
Iron Partners
Unknown
Grant Deed
—
—
—
Iron Partners LLC
—
Deed Of Trust
related
$935,750 · Key Bank & Trust
—
—
Oregon Iron Works LLC
—
Deed Of Trust
related
$229,000,000 · Keybank USA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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