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Property profile & analytics
OFF-MARKET
Estimated value
$7,095,000
Office Spaces
501 Columbia Shrs Blvd 328, Vancouver, WA 98661-8099
Individually Owned
1-yr Hold
Free & Clear
Property ID
US90-1690317
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1989
Construction
CONCRETE
Total area
41,565 SF
Lot
3.15 ac (137,214 SF)
Zoning code
CX : VAN
APN
031086-000
UPID
US90-1690317
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
by Request
CAP Approach
CAP
$8.56M
Comparable Approach
Comparable
$6.14M
Blend (final)
Blend
$7.10M
Owner & transaction history
State Of Washington · 1 yrs held
State Of Washington
since 2025
7 recorded transactions
Zoning & alternative use
CX : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$11.4M
+8.1%
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%
$9,270,000
6.5%
$8,555,000
7%
$7,945,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,545,000
Current use
MEDICAL BUILDING
$11,405,000
Change: +8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$10,160,000
Change: -4% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$9,590,000
Change: -9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,630,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$7.10M
Range $6.39M – $7.80M · ±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
$171 / 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
$76,929
Tax year 2023
Assessed value
$8,244,600
Assessed 2023
Previous assessed
$8,244,600
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$3,842,000
Assessed improvement
$4,402,600
Land market value
$3,842,000
Improvement market value
$4,402,600
Total market value
$8,244,600
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1989
Construction
CONCRETE
Heating
SPACE
Buildings
2
Stories
1
Total area
41,565 SF
Lot
3.15 ac (137,214 SF)
Zoning code
CX : VAN
APN
031086-000
UPID
US90-1690317
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
$10.5M
MEDICAL BUILDING
Est. value
$11.4M
INDUSTRIAL (GENERAL)
Est. value
$10.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.6M
AUTO REPAIR, GARAGE
Est. value
$8.6M
COMMERCIAL (GENERAL) Current
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
1989
Construction
CONCRETE
Heating
SPACE
Stories
1
Buildings
2
Lot
3.15 ac
Current owner
From public records · entity-resolved
State Of Washington
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX 41468, OLYMPIA, WA 98504-1468
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2025
—
State Of Washington
Columbia Shore De LLC
Deed
—
Mar 1, 2024
—
Columbia Shores De LLC
—
Deed
related
$5,200,000 · Iq Cu
Nov 13, 2023
—
State Of Wa Dept Of Children Youth
Columbia Shores De LLC
Lease
—
Sep 17, 2019
$140,000
Nicolette Columbia Shrs Spe Ll
Woodlark Columbia Shrs Spe LLC
Quit Claim Deed
related
—
Sep 17, 2019
$10,250,000
Columbia Shores De LLC
Woodlark Columbia Shrs Spe L
Warranty Deed
$5,062,500 · Wilmington Tr NA 2014-c21 (ce)
Apr 30, 2014
$6,750,000
Woodlark Columbia Shrss Spe Ll
501 Se Columbia Shrss Of Vancou
Warranty Deed
$5,062,500 · Rait Fndg LLC
Jan 29, 2014
—
Northwest Christian University
Pomajevich Properties INC
Grant Deed
—
Sep 30, 2005
$6,525,000
501 Se Columbia Shrss Of Vancouve
Pomajevich Properties INC
Warranty Deed
—
Jul 13, 2005
—
Northwest Christian College
Pomajevich Properties INC
Grant Deed
—
Dec 26, 2000
—
Northwest Christian College
Pomajevich Properties INC
Grant Deed
related
—
Apr 2, 1992
$1,100,000
Pomajevich Properties INC
Pomajevich Prope
Grant Deed
related
$1 · Bank Of Vancouver
Apr 1, 1992
—
Pomajevich Properties INC
Unknown
Grant Deed
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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