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Property profile & analytics
OFF-MARKET
Estimated value
$2,510,000
Industrial properties
4018 112th Ave Ste D1, Vancouver, WA 98682-5702
Entity Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1613571
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1984
Construction
STEEL FRAME
Total area
26,725 SF
Lot
0.94 ac (40,946 SF)
Zoning code
IL : VAN
APN
108472-098
UPID
US90-1613571
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
-
NW Custom Audio/Video IT Consulting Firm Tech Support Center
-
Indicate Technologies Inc. Production Facility
-
Royal T Papers Inc Distribution Center
-
Champion Brass Factory Industrial Manufacturer
-
Organic Products Trading Company Specialty Food Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.51M
Owner & transaction history
Spears Real Estate LLC · 16 yrs held
Spears Real Estate LLC
since 2010
5 recorded transactions
Zoning & alternative use
IL : 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$94 / 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
$21,737
Tax year 2023
Assessed value
$2,277,600
Assessed 2023
Previous assessed
$1,980,500
+15.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$271,912
Assessed improvement
$2,005,688
Land market value
$271,912
Improvement market value
$2,005,688
Total market value
$2,277,600
Applied tax rate
10,143.0000
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
OTHER
Stories
1
Total area
26,725 SF
Lot
0.94 ac (40,946 SF)
Zoning code
IL : VAN
APN
108472-098
UPID
US90-1613571
Jurisdiction
CLARK
Zoning & alternative use
IL : VAN · Vancouver, WA
Zoning IL : VAN · permitted uses
IL : 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
1984
Construction
STEEL FRAME
Heating
OTHER
Stories
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Spears Real Estate LLC
Entity
Free & Clear · 16 yrs held
Mailing address
304 S JONES BLVD #1194, LAS VEGAS, NV 89107-2623
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2010
—
Spears Real Estate LLC
Spears Kimberly M Trust
Quit Claim Deed
related
—
Nov 5, 2009
$8,250,000
Spears Real Estate LLC
Miref Quad 205 LLC
Grant Deed
—
Oct 20, 2008
—
Miref Quad 205 LLC
Mcmorgan Instl R/e Fund I LLC
Grant Deed
—
Sep 20, 2002
$1,567,403
Institutional Real Es Mcmorgan
Wells Fargo Bank
Grant Deed
—
Jan 21, 1988
—
First Int Bank Co-trustee
Unknown
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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