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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Industrial properties
514 112th Ave 35, Vancouver, WA 98684-4979
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0109260
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
2018
Construction
STEEL FRAME
Total area
16,816 SF
Lot
1.32 ac (57,499 SF)
Zoning code
OCI : VAN
APN
165678-000
UPID
US90-0109260
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
-
Just Right Heating & Cooling HVAC Service General Contractor
-
Vancouver Lab Inc Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$758k
Blend (final)
Blend
$1.22M
Owner & transaction history
City Of Vancouver · 7 yrs held
City Of Vancouver
since 2018
6 recorded transactions
Zoning & alternative use
OCI : 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
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±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
$72 / 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
$27,106
Tax year 2023
Assessed value
$2,840,400
Assessed 2023
Previous assessed
$2,469,900
+15.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,122,561
Assessed improvement
$1,717,839
Land market value
$1,122,561
Improvement market value
$1,717,839
Total market value
$2,840,400
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
2018
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
3
Stories
1
Bathrooms
1
Total area
16,816 SF
Lot
1.32 ac (57,499 SF)
Zoning code
OCI : VAN
APN
165678-000
UPID
US90-0109260
Jurisdiction
CLARK
Zoning & alternative use
OCI : VAN · Vancouver, WA
Zoning OCI : VAN · permitted uses
OCI : 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
2018
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Buildings
3
Bathrooms
1
Lot
1.32 ac
Current owner
From public records · entity-resolved
City Of Vancouver
Entity
Free & Clear · 7 yrs held
Mailing address
15009 NE 21ST ST, VANCOUVER, WA 98684-3213
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2019
—
Northwest Busn Dev Assn
—
Grant Deed
related
$1,445,000 · Twinstar Cu
Sep 17, 2018
—
City Of Vancouver
Ossm Rentals LLC
Quit Claim Deed
—
Nov 16, 2017
—
Ossm Rentals LLC
Miranda-albarran,juan D
Quit Claim Deed
related
$1,350,000 · Twinstar Cu
Dec 7, 2015
$495,000
Juan D Miranda-albarran
Aei Investments LLC
Warranty Deed
$396,000 · Twinstar Cu
Aug 1, 2006
$320,000
Aei Investments LLC
Phillips,terry O & Rebecca A
Warranty Deed
$256,000 · Riverview Community Bank
Sep 24, 1990
$80,500
Terry Phillips
Unknown
Grant Deed
—
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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