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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Apartment buildings
4117 18th St Vancouver, WA 98661-6212
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-3100725
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Total area
4,498 SF
Lot
0.5 ac (21,780 SF)
Zoning code
R-18 : VAN
APN
029342-000
UPID
US90-3100725
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$725k
CAP Approach
CAP
$805k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$680k
Owner & transaction history
Bains Property Management LLC · 6 yrs held
Bains Property Management LLC
since 2020
Last sale
$570,000
7 recorded transactions
Zoning & alternative use
R-18 : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$555,000
+167.2%
Medical building
$475,000
+129.1%
Auto repair, garage
$470,000
+127.8%
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
$745,000
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
$870,000
6.5%
$805,000
7%
$745,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$555,000
Change: +167% · Conversion: Moderate
MEDICAL BUILDING
$475,000
Change: +129% · Conversion: Moderate
AUTO REPAIR, GARAGE
$470,000
Change: +128% · Conversion: Difficult
RETAIL STORES
$415,000
Change: +102% · Conversion: Difficult
Blend value · Realmo final
$680k
Range $612k – $748k · ±10% · vs last sale $570k (Mar 11 2020)
Last sale anchor
$570k
Mar 11 2020
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
$151 / 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
$7,191
Tax year 2023
Assessed value
$769,600
Assessed 2023
Previous assessed
$699,600
+10.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$191,664
Assessed improvement
$577,936
Land market value
$191,664
Improvement market value
$577,936
Total market value
$769,600
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1974
Heating
BASEBOARD
Buildings
4
Stories
1
Total area
4,498 SF
Lot
0.5 ac (21,780 SF)
Zoning code
R-18 : VAN
APN
029342-000
UPID
US90-3100725
Jurisdiction
CLARK
Zoning & alternative use
R-18 : VAN · Vancouver, WA
Zoning R-18 : VAN · permitted uses
R-18 : 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)
Est. value
$555,000
MEDICAL BUILDING
Est. value
$475,000
AUTO REPAIR, GARAGE
Est. value
$470,000
RETAIL STORES
Est. value
$415,000
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1974
Heating
BASEBOARD
Stories
1
Buildings
4
Lot
0.5 ac
Current owner
From public records · entity-resolved
Bains Property Management LLC
Entity
Mailing address
2715 E 4TH PLN BLVD, VANCOUVER, WA 98661-4648
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Dec 10, 2025
—
Bains Property Management LLC
—
Deed
related
$585,000 · Onpoint Community Cu
Mar 11, 2020
$570,000
Bains Property Management LLC
Bharath Kumandan
Warranty Deed
$370,500 · Banner Bank
Jul 10, 2015
$425,000
Bharath Kumandan
Anderson Paul
Warranty Deed
$318,750 · Bank Of The West
Jul 10, 2015
—
Paul Anderson
Johnson,gary
Warranty Deed
—
Jul 10, 2009
—
Paul Anderson
Restoration Investments LLC
Deed In Lieu Of Foreclosure
related
—
May 15, 2009
—
Mark Anderson
Restoration Invs Washington Ll
Quit Claim Deed
related
—
Oct 15, 2007
—
Restoration Investments LLC
Anderson,mark & Steffanie
Quit Claim Deed
related
—
Oct 31, 2005
$335,000
Mark Anderson
Johnson,gary
Grant Deed
—
Aug 7, 1991
—
Gary L Johnson
Unknown
Grant Deed
related
—
—
—
Mark T Anderson
—
Deed Of Trust
related
$750,000 · Columbia State 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.
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