5101 NE 82Nd Ave Vancouver, WA 98662
Office Spaces
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Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
For Lease
1 / 4
Contact for pricing
5101 NE 82Nd Ave, Vancouver, WA 98662
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Estimated value (blended)
$6.53M
Range $5.87M – $7.18M (±10%)
Implied cap rate
5.80%
In-place · NOI ÷ last sale
Property ID
US90-0845436
Property summary
AI-generated overview
This exceptional Class B office building, totaling 28,500 square feet, sits on a 1.56-acre lot in Clark County. Built in 2005, the single-building property boasts a highly desirable location with excellent visibility, situated adjacent to the Vancouver Mall. The property's zoning is CC, and its APN is 160080-015. Currently offering multiple tenancies, one space of 3,511 square feet is immediately available. The building provides ample parking with a 4/1,000 ratio, ensuring convenient access for tenants and their clients. Its strategic location offers easy freeway access to both I-205 and SR-500, providing seamless connectivity throughout the region. The surrounding area is vibrant, featuring a mix of retail establishments, restaurants, and other amenities, creating a convenient and attractive environment for businesses. Building signage opportunities are available, enhancing visibility and brand recognition. This property presents a compelling opportunity for businesses seeking a well-located, functional, and accessible office space in a thriving commercial area. The property is categorized as Traditional Office, Executive Office, and Medical Office, making it suitable for a variety of professional uses.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2005
Construction
STEEL FRAME
Total area
28,500 SF
Lot
1.56 ac (67,954 SF)
Zoning code
CC : VAN
APN
160080-015
UPID
US90-0845436
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Retirement Community
-
Loan Service Bank
-
Corporate Office
-
Loan Service Bank
-
Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.76M
CAP Approach
CAP
$5.87M
Comparable Approach
Comparable
$8.71M
Blend (final)
Blend
$6.53M
Owner & transaction history
since 2022
Last sale
$7.4M
5 recorded transactions
Zoning & alternative use
CC : VAN · Vancouver, WA
Top alternative use upside
Restaurant
$9.5M
+39.9%
Retail stores
$9.1M
+34.8%
Medical building
$7.8M
+15.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 3 comparables with addresses
7 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$6.53M
Value range
$5.87M – $7.18M
±10% around blend
Estimated value / SF
$229 / SF
Confidence
Low
3 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
30
Income certainty
100
$5.87M
blend $6.53M
$7.18M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
28,500 SF
Lot area
1.56 ac
Year built
2005
Stories
2
APN
160080-015
Assessed value
$6,598,700
Annual tax
$61,574
3
Income approach: direct capitalization
Partial preview
Income approach indication
$5.87M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$6.36M
@ 6.5% CAP return
$5.87M
@ 7% CAP return
$5.45M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$61,574
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$6.51M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.4 mi away · 36,800 SF
21.2 mi away · 23,400 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.53M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 131 sales
$237
-3%
County 165 sales
$243
-6%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $229/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+40%
vs current-use indication
Retail Stores
Medical Building
Industrial (general)
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
5.80%
Selected cap rate for this office spaces
Derived from the Vancouver market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.80%
9.0%
NOI (est.)
$367k *
Last sale · Jul 2022
$7.35M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.33M
Move the market yield to see immediate price impact.
Value / SF
$222
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.30%5.80%6.30%
$330k
$6.23M
$5.70M
$5.24M
$367k
$6.93M
$6.33M
$5.83M
$404k
$7.62M
$6.96M
$6.41M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$4.84M
3.6 mi · Dec 2025 · $140/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$61,574
Tax year 2023
Assessed value
$6,598,700
Assessed 2023
Previous assessed
$5,521,100
+19.5% YoY
Effective rate
0.93%
On assessed value
Assessed land
$1,087,300
Assessed improvement
$5,511,400
Land market value
$1,087,300
Improvement market value
$5,511,400
Total market value
$6,598,700
Applied tax rate
10,000.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
2005
Construction
STEEL FRAME
Heating
OTHER
Stories
2
Total area
28,500 SF
Lot
1.56 ac (67,954 SF)
Zoning code
CC : VAN
APN
160080-015
UPID
US90-0845436
Jurisdiction
CLARK
Zoning & alternative use
CC : VAN · Vancouver, WAZoning CC : VAN · permitted uses
CC : VAN · Vancouver, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
STEEL FRAME
Heating
OTHER
Stories
2
Lot
1.56 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CC : VAN
Jurisdiction
Vancouver, WA
Recorded code
CC : VAN
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CC : VAN in Vancouver, WA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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