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Property profile & analytics
FOR LEASE
Office Spaces
5115 NE 82Nd Ave, Vancouver, WA 98662
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1515827
For Lease
$26 SF/Yr
5115 NE 82Nd Ave, Vancouver, WA 98662
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2006
Construction
STEEL FRAME
Total area
18,960 SF
Lot
0.97 ac (42,253 SF)
Zoning code
CC : VAN
APN
160080-020
UPID
US90-1515827
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
-
Justin Zakariassen at Evergreen Home Loans Loan Service Bank
-
Evergreen Home Loans Vancouver West NMLS 1309878 Bank Credit Union
-
Evergreen Home Loans Vancouver West Downtown NMLS 2267153 Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.91M
Comparable Approach
Comparable
$2.58M
Blend (final)
Blend
$3.22M
Owner & transaction history
Department Of Enterprise Services · 1 yrs held
Department Of Enterprise Services
since 2025
3 recorded transactions
Zoning & alternative use
CC : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.2M
+15.7%
Industrial (general)
$4.6M
+3.1%
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%
$4,230,000
6.5%
$3,905,000
7%
$3,625,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,495,000
Current use
MEDICAL BUILDING
$5,200,000
Change: +16% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,635,000
Change: +3% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,375,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,935,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.22M
Range $2.90M – $3.54M · ±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
$170 / 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
$40,966
Tax year 2023
Assessed value
$4,389,800
Assessed 2023
Previous assessed
$3,673,000
+19.5% YoY
Effective rate
0.93%
On assessed value
Assessed land
$676,100
Assessed improvement
$3,713,700
Land market value
$676,100
Improvement market value
$3,713,700
Total market value
$4,389,800
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
For Lease
Year built
2006
Construction
STEEL FRAME
Heating
OTHER
Stories
2
Total area
18,960 SF
Lot
0.97 ac (42,253 SF)
Zoning code
CC : VAN
APN
160080-020
UPID
US90-1515827
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$5.2M
INDUSTRIAL (GENERAL)
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$3.9M
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
2006
Construction
STEEL FRAME
Heating
OTHER
Stories
2
Lot
0.97 ac
Current owner
From public records · entity-resolved
Department Of Enterprise Services
Entity
Mailing address
1 LK BELLEVUE DR STE #209, BELLEVUE, WA 98005-2417
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2025
—
Department Of Enterprise Services
Asap Vancouver Square Plaza LLC
Deed
—
Jan 24, 2023
$3,888,571
Asap Vancouver Square Plaza LLC
Mabros LLC
Warranty Deed
$3,360,000 · Columbia State Bank
Dec 15, 2015
$3,860,911
Mabros LLC
Vancouver Square At The Mail LLC
Warranty Deed
$2,906,000 · Mabris LLC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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