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Property profile & analytics
OFF-MARKET
Estimated value
$26,755,000
Office Spaces
415 6th St Vancouver, WA 98660-3110
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US90-1245851
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2006
Construction
STEEL FRAME
Total area
127,050 SF
Lot
1.23 ac (53,666 SF)
Zoning code
CX : VAN
APN
048620-000
UPID
US90-1245851
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
-
Vancouver Parking Manager City Government Office
-
Vancouver Wine & Jazz Festival Nightclub Music Venue
-
City of Vancouver WA City Government Office
-
Vancouver Mayor's Office City Government Office
-
City of Vancouver Permit Center City Government Office Urban Planning Department
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$26.16M
Comparable Approach
Comparable
$16.28M
Blend (final)
Blend
$26.76M
Owner & transaction history
City Of Vancouver · 16 yrs held
City Of Vancouver
since 2010
7 recorded transactions
Zoning & alternative use
CX : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$42.1M
+65.3%
Retail stores
$40.6M
+59.4%
Medical building
$34.9M
+36.7%
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%
$28,335,000
6.5%
$26,155,000
7%
$24,285,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$25,495,000
Current use
RESTAURANT
$42,145,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$40,630,000
Change: +59% · Conversion: Easy
MEDICAL BUILDING
$34,855,000
Change: +37% · Conversion: Easy
INDUSTRIAL (GENERAL)
$31,060,000
Change: +22% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$29,315,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$26,385,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$26.76M
Range $24.08M – $29.43M · ±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
$211 / 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
Assessed value
$35,066,400
Assessed 2023
Previous assessed
$35,066,400
+0.0% YoY
Assessed land
$4,281,100
Assessed improvement
$30,785,300
Land market value
$4,281,100
Improvement market value
$30,785,300
Total market value
$35,066,400
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
2006
Construction
STEEL FRAME
Heating
HOT WATER
Stories
6
Total area
127,050 SF
Lot
1.23 ac (53,666 SF)
Zoning code
CX : VAN
APN
048620-000
UPID
US90-1245851
Jurisdiction
CLARK
Zoning & alternative use
CX : VAN · Vancouver, WA
Zoning CX : VAN · permitted uses
CX : 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
$25.5M
RESTAURANT
Est. value
$42.1M
RETAIL STORES
Est. value
$40.6M
MEDICAL BUILDING
Est. value
$34.9M
INDUSTRIAL (GENERAL)
Est. value
$31.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$29.3M
AUTO REPAIR, GARAGE
Est. value
$26.4M
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
2006
Construction
STEEL FRAME
Heating
HOT WATER
Stories
6
Lot
1.23 ac
Current owner
From public records · entity-resolved
City Of Vancouver
Entity
Mailing address
PO BOX 1995, VANCOUVER, WA 98668-1995
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2010
$18,500,000
City Of Vancouver
Vancouver Wa-dvp Syndicated
Grant Deed
—
Feb 5, 2010
—
Vancouver Wa-dvp Syndicated
Downtown Vitality Partners LLC
Deed In Lieu Of Foreclosure
related
—
Sep 5, 2007
—
City Of Vancouver
Downtown Vitality Ptrs LLC Dv
Grant Deed
related
—
Dec 30, 2003
—
Vancouver Public Facilities Di
Downtown Redevelopment Auth
Grant Deed
$10,000 · Us Bank NA
Jul 9, 2003
$5,000,000
Campbell Downtown Partners LLC
Christensen Family Properties
Grant Deed
—
Oct 12, 1990
—
Ernest Etal Christensen
Unknown
Grant Deed
related
—
—
—
Downtown Vitality Partners LLC
—
Deed Of Trust
related
$7,000,000 · Columbian Publishing Co
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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