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Property profile & analytics
OFF-MARKET
Estimated value
$4,255,000
Warehouses
505 Hearthwood Blvd, Vancouver, WA 98684-7426
Entity Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-2174338
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1994
Construction
STEEL FRAME
Total area
55,560 SF
Lot
1.9 ac (82,764 SF)
Zoning code
CC : VAN
APN
167630-020
UPID
US90-2174338
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
-
Additional Self Storage Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Clark County construction & Remodeling Services -LLC Hardware & Home Improvement Kitchen & Bath Showroom
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.26M
Owner & transaction history
Additional Self Storage LLC · 20 yrs held
Additional Self Storage LLC
since 2005
7 recorded transactions
Zoning & alternative use
CC : 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$77 / 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
$44,023
Tax year 2023
Assessed value
$4,613,900
Assessed 2023
Previous assessed
$4,012,100
+15.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,340,141
Assessed improvement
$3,273,759
Land market value
$1,340,141
Improvement market value
$3,273,759
Total market value
$4,613,900
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
7
Stories
1
Bathrooms
2
Total area
55,560 SF
Lot
1.9 ac (82,764 SF)
Zoning code
CC : VAN
APN
167630-020
UPID
US90-2174338
Jurisdiction
CLARK
Zoning & alternative use
CC : VAN · Vancouver, WA
Zoning CC : VAN · permitted uses
CC : 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.
Building & site characteristics
From public records
Year built
1994
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
7
Bathrooms
2
Lot
1.9 ac
Current owner
From public records · entity-resolved
Additional Self Storage LLC
Entity
Free & Clear · 20 yrs held
Mailing address
1317 STONEHAVEN DR, WEST LINN, OR 97068-1866
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
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
Jun 1, 2022
—
Dditional Self Storage LLC
—
Deed
related
$22,500,000 · Minnesota Life Insurance Company
Nov 2, 2005
—
Additional Self Storage LLC
Morley Family Trust
Quit Claim Deed
related
—
Apr 22, 2002
—
Morley Trust
—
Deed Of Trust
related
$1,802,500 · First Independent Bank
Jun 21, 1999
—
Additional Self Storave LLC
Maitland,william A & Michele M
Quit Claim Deed
related
—
Feb 26, 1997
—
William A Maitland
Hearthwood Mini Storage Invest
Quit Claim Deed
related
$200,000 · First Independent Bank
Feb 17, 1994
$367,000
William A Maitland
First Independen
Grant Deed
$900,000 · First Independent Bank
—
—
Additional Self Storage LLC
—
Deed Of Trust
related
$10,400,000 · Miscellaneous Ins Co
—
—
Additional Self Storage LLC
—
Deed Of Trust
related
$1,550,000 · Miscellaneous Ins Co
—
—
William A Maitland
—
Deed Of Trust
related
$180,000 · First Independent Bank
—
—
William A Maitland
—
Deed Of Trust
related
$1,129,000 · First Independent 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.
Try Rey
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