Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    408 9th St Vancouver, WA 98660-2793

    • Office Properties & Spaces
    • 4,062 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0070636
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Carolyn M. Drew / Civil Law Attorney / Family Law Attorney
    • Gevurtz Menashe / Divorce Lawyer / Family Law Attorney
    • Dean Potter & Associates Inc / Real Estate Appraiser
    • James D. Lutes / Family Law Attorney
    • Dunn William H / Lawyer

    Property Details for 408 9th St

    Year built
    1910
    Construction
    WOOD
    Lot size
    0.25 lot acres
    Property size
    4,062 SF
    Zone code
    CX : VAN
    Property type
    Office Properties & Spaces
    APN
    051480-000
    APU
    51480000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $383,000
      Market price range: $112k - $521k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.676
    Latitude
    45.6283
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,379
    $385,400
    $404,300
    $789,700
    -
    $385,400
    $404,300
    $789,700

    Comparable in this City

    • Value Estimation
      $385,000
      982 SF

      1300 8th St

      OFFICE (GENERAL) • 982 SF
      1300 8th St, Vancouver, WA 98660-3015
      View Details
    • Value Estimation
      $515,000
      18,160 SF

      600 Main St

      OFFICE (GENERAL) • 18,160 SF
      600 Main St, Vancouver, WA 98660-3130
      View Details
    • Value Estimation
      $575,000
      14,627 SF

      801 Main St, Unit 2

      OFFICE (GENERAL) • 14,627 SF
      801 Main St, Vancouver, WA 98660-3133
      View Details
    • Value Estimation
      $750,000
      24,636 SF

      2525 Firestone Ln, Unit 2

      OFFICE (GENERAL) • 24,636 SF
      2525 Firestone Ln, Vancouver, WA 98660-1182
      View Details
    • Value Estimation
      $315,000
      1,418 SF

      2917 Washington St

      OFFICE (GENERAL) • 1,418 SF
      2917 Washington St, Vancouver, WA 98660-2258
      View Details
    • Value Estimation
      $625,000
      2,314 SF

      914 Esther St, Unit 1

      OFFICE (GENERAL) • 2,314 SF
      914 Esther St, Vancouver, WA 98660-3026
      View Details

    Similar Nearby for Sale

    • $2,550,000

      Vancouver Office Building For Sale

      Office building for sale in Vancouver, Washington.
      1111 Broadway St, Vancouver, WA 98660
      View Details
    • $345,000
      840 SF

      Downtown Vancouver Office Condo For Sale

      Premium ground-floor office condo in downtown Vancouver, Washington.
      701 Columbia St, Vancouver, WA 98660
      View Details
    • $775,000

      Downtown Vancouver Office Building

      Prime Location, Full Basement, Courthouse View
      613 11Th St, Vancouver, WA 98660
      View Details
    • $239,900
      660 SF

      Downtown Vancouver Condo Near Waterfront

      Condo in downtown Vancouver, near Esther Short Park and waterfront.
      701 Columbia St, Vancouver, WA 98660
      View Details
    • Contact for pricing
      261,540 SF

      Industrial Space with Rail Access

      261,540 SF industrial space on 12.13 acres with rail access.
      1401 W Fourth Plain Blvd, Vancouver, WA 98660
      View Details
    • $1,995,000

      Vancouver Center Penthouse with Views

      Penthouse with river, city, and mountain views in Vancouver.
      700 Washington St, Vancouver, WA 98660
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      4,010 SF

      Downtown Vancouver Office Space

      4,010 SF Office, Prime Location
      108 Mill Plain Blvd, Vancouver, WA 98660
      View Details
    • $30 SF/Yr
      108,248 SF

      Vancouver Center Executive Suites

      Class A Office Space, 6 Suites Available
      700 Washington St, Vancouver, WA 98660
      View Details
    • $30 SF/Yr
      207,199 SF

      805 Broadway: Class A Office Space

      Prime Vancouver Office Building, Multiple Suites Available
      805 Broadway St, Vancouver, WA 98660
      View Details
    • Contact for pricing
      23,262 SF

      Prime Vancouver Executive Suites

      Class A Office Space, Multiple Sizes Available
      300 15Th St, Vancouver, WA 98660
      View Details
    • $32 SF/Yr
      45,879 SF

      LEED Gold Certified Office Space

      Premier office space with fitness center and convenient transportation access.
      101 E 6Th St, Vancouver, WA 98660
      View Details
    • $36 SF/Yr
      3,154 SF

      Prime Vancouver Office Suite 200

      Waterfront Views, 3154 sq ft Office
      275 3Rd St, Vancouver, WA 98660
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    408 9th St
    Vancouver, WA 98660-2793
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.