New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,010,000
Office Spaces
3925 72nd Ave 131, Vancouver, WA 98661-7367
Trust Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-3200425
Property summary
AI-generated overview
This exceptional traditional office space, part of a larger 14,863 square foot multi-tenant building in Clark County, offers a fantastic opportunity for businesses seeking a professional and convenient location. The suite itself encompasses 920 square feet, ideal for a variety of office configurations. The building boasts a desirable 7:1,000 parking ratio, ensuring ample parking for tenants and their clients. Visibility is enhanced by the availability of signage on SR-500, providing excellent exposure for your business. The property's strategic location offers easy access to major freeways including SR-500, I-205, and I-5, simplifying commutes for employees and clients alike. Furthermore, the surrounding area is rich with restaurants and amenities, providing convenience and a pleasant work environment. The full-service lease is available July 1, 2024, at a competitive rate of $19.50 per square foot annually. Don't miss this chance to secure a prime office space in a thriving location. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1997
Construction
WOOD
Total area
14,703 SF
Lot
1.89 ac (82,328 SF)
Zoning code
CC : VAN
APN
160561-000
UPID
US90-3200425
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
-
Farmers Insurance - Logan Ellis Insurance Agency
-
Farmers Insurance - Douglas Runyon Insurance Agency
-
Keenan Insurance Services Inc Insurance Agency
-
Farmers Insurance - John Johnson Insurance Agency
-
Farmers Insurance - Corey Fiskvik Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.03M
Comparable Approach
Comparable
$4.05M
Blend (final)
Blend
$3.01M
Owner & transaction history
Johnson,joan C Living Trust · 8 yrs held
Johnson,joan C Living Trust
since 2018
7 recorded transactions
Zoning & alternative use
CC : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.9M
+30.8%
Retail stores
$4.7M
+26.0%
Medical building
$4.0M
+8.1%
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%
$3,280,000
6.5%
$3,025,000
7%
$2,810,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,730,000
Current use
RESTAURANT
$4,875,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$4,700,000
Change: +26% · Conversion: Easy
MEDICAL BUILDING
$4,035,000
Change: +8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,595,000
Change: -4% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,395,000
Change: -9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,055,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$3.01M
Range $2.71M – $3.31M · ±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
$205 / 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
$24,608
Tax year 2023
Assessed value
$2,636,400
Assessed 2023
Previous assessed
$2,227,900
+18.3% YoY
Effective rate
0.93%
On assessed value
Assessed land
$1,053,800
Assessed improvement
$1,582,600
Land market value
$1,053,800
Improvement market value
$1,582,600
Total market value
$2,636,400
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
14,703 SF
Lot
1.89 ac (82,328 SF)
Zoning code
CC : VAN
APN
160561-000
UPID
US90-3200425
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
$3.7M
RESTAURANT
Est. value
$4.9M
RETAIL STORES
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.0M
INDUSTRIAL (GENERAL)
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
1997
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
1.89 ac
Current owner
From public records · entity-resolved
Johnson,joan C Living Trust
Trust
Mailing address
20419 NE 10TH AVE, RIDGEFIELD, WA 98642-8170
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2018
$2,800,000
Johnson,joan C Living Trust
D R Of Southwest Washington LLC
Warranty Deed
—
Apr 30, 2008
$2,400,000
Dr Of Southwest Washington LLC
D & S Cramer LLC
Warranty Deed
$1,800,000 · Bank Of Clark County
Apr 20, 2007
—
D & S Cramer LLC
Cramer 2 LLC
Quit Claim Deed
related
—
May 18, 2006
—
Jeff Cramer
Cramer,mara
Quit Claim Deed
related
—
Mar 13, 2002
$2,250,000
Cramer Investment Property LLC
Shepherd Investing INC
Grant Deed
$1,687,500 · West Coast Bank
—
—
Shepherd Investing INC
—
Deed Of Trust
related
$1,050,788 · Seafirst Bank
—
—
D & S Cramer LLC
—
Deed Of Trust
related
$1,592,618 · Regents Bank
—
—
Shepherd Investing INC
—
Deed Of Trust
related
$13,850,000 · Fremont Investment & Loan
—
—
Shepherd Investments INC
—
Deed Of Trust
related
$6,000,000 · Bank Of America
—
—
University City
—
Deed Of Trust
related
$1,065,000 · Seafirst 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3925 72nd Ave, Unit 131?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
