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Property profile & analytics
OFF-MARKET
Estimated value
$8,715,000
Medical Office Space
501 172nd Ave 35 Vancouver, WA 98684-9542
Entity Owned
22-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1088261
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
TYPE NOT SPECIFIED
Total area
62,050 SF
Lot
7.36 ac (320,602 SF)
Zoning code
MX : VAN
APN
176621-000
UPID
US90-1088261
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 Clinic: Crowell Sharon A MD Physician
-
Vancouver Clinic: Montano Noelle MD Physician
-
Susan Gibbons, DPT Physician
-
Julia Hoelter, DPT Physician
-
Dr. Kate Mccarn Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.72M
Owner & transaction history
City Of Vancouver · 22 yrs held
City Of Vancouver
since 2004
5 recorded transactions
Zoning & alternative use
MX : 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$14,315,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$8.72M
Range $7.84M – $9.59M · ±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
$140 / 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
$152,183
Tax year 2023
Assessed value
$15,952,800
Assessed 2023
Previous assessed
$13,872,000
+15.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$3,447,252
Assessed improvement
$12,505,548
Land market value
$3,447,252
Improvement market value
$12,505,548
Total market value
$15,952,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Construction
TYPE NOT SPECIFIED
Heating
OTHER
Cooling
CENTRAL
Stories
2
Total area
62,050 SF
Lot
7.36 ac (320,602 SF)
Zoning code
MX : VAN
APN
176621-000
UPID
US90-1088261
Jurisdiction
CLARK
Zoning & alternative use
MX : VAN · Vancouver, WA
Zoning MX : VAN · permitted uses
MX : 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.3M
NEIGHBORHOOD: SHOPPING CENTER
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
2003
Construction
TYPE NOT SPECIFIED
Heating
OTHER
Cooling
Yes
Stories
2
Lot
7.36 ac
Current owner
From public records · entity-resolved
City Of Vancouver
Entity
Free & Clear · 22 yrs held
Mailing address
700 NE 87TH AVE, VANCOUVER, WA 98664-1913
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
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
Nov 14, 2019
—
Vancouver Clinic Building LLC
—
Loan Modification
related
$38,000,000 · Us Bk
Feb 1, 2019
—
Vancouver Clinic Building LLC
—
Loan Modification
related
$38,000,000 · Us Bk
Jun 28, 2004
—
City Of Vancouver
Vancouver Clinic Building LLC
Quit Claim Deed
related
—
Jun 5, 2003
$1,103,328
Vancouver Clinic Building LLC
Clark Community College Distri
Grant Deed
—
—
—
Vancouver Clinic Building 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.
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