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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Warehouses
4510 68th Dr 8 Vancouver, WA 98661-1260
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-2650656
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2009
Construction
TYPE NOT SPECIFIED
Total area
4,235 SF
Lot
0.25 ac (10,846 SF)
Zoning code
IL : CLK
APN
986029-628
UPID
US90-2650656
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
-
64 Audio Factory Production Facility
-
Spike Builders Construction Company
-
JoeScan Industrial Manufacturer Production Facility
-
B J's Coffee Roasters Cafe & Coffee Shop Specialty Food Shop
-
CITC of WA - Vancouver Campus Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$780k
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$932k
Blend (final)
Blend
$815k
Owner & transaction history
Cascade Range Investments Llc1 · 4 yrs held
Cascade Range Investments Llc1
since 2021
Last sale
$837,500
5 recorded transactions
Zoning & alternative use
IL : CLK · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+141.4%
Medical building
$1.2M
+107.1%
Commercial (general)
$1.1M
+91.5%
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
$805,000
ML approach
$780,000
CAP Approach
CAP Return
Estimation
6%
$775,000
6.5%
$715,000
7%
$665,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$560,000
Current use
RETAIL STORES
$1,355,000
Change: +141% · Conversion: Moderate
MEDICAL BUILDING
$1,160,000
Change: +107% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,075,000
Change: +92% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$975,000
Change: +74% · Conversion: Moderate
AUTO REPAIR, GARAGE
$880,000
Change: +57% · Conversion: Easy
Blend value · Realmo final
$815k
Range $734k – $897k · ±10% · vs last sale $838k (Dec 30 2021)
Last sale anchor
$838k
Dec 30 2021
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
$192 / 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
$758,800
Assessed 2023
Previous assessed
$620,000
+22.4% YoY
Assessed land
$75,900
Assessed improvement
$682,900
Land market value
$75,900
Improvement market value
$682,900
Total market value
$758,800
Applied tax rate
10,028.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2009
Construction
TYPE NOT SPECIFIED
Heating
SPACE
Total area
4,235 SF
Lot
0.25 ac (10,846 SF)
Zoning code
IL : CLK
APN
986029-628
UPID
US90-2650656
Jurisdiction
CLARK
Zoning & alternative use
IL : CLK · Vancouver, WA
Zoning IL : CLK · permitted uses
IL : CLK · 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
WAREHOUSE, STORAGE Current
Est. value
$560,000
RETAIL STORES
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$975,000
AUTO REPAIR, GARAGE
Est. value
$880,000
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (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
2009
Construction
TYPE NOT SPECIFIED
Heating
SPACE
Lot
0.25 ac
Current owner
From public records · entity-resolved
Cascade Range Investments Llc1
Entity
Free & Clear · 4 yrs held
Mailing address
4611 NW FRUIT VLY RD #101, VANCOUVER, WA 98660-1244
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Dec 30, 2021
$837,500
Cascade Range Investments Llc1
Blt Leasing Co LLC
Warranty Deed
—
Mar 31, 2016
$550,000
Blt Leasing Co LLC
Flex Properties-cold Creek LLC
Warranty Deed
$400,000 · Iq Cu
—
—
Flex Properties-cold Creek LLC
—
Deed Of Trust
related
—
—
—
David R Delano
—
Deed Of Trust
related
—
—
—
Flex Properties-cold Creek LLC
—
Deed Of Trust
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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