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Property profile & analytics
OFF-MARKET
Estimated value
$6,640,000
Manufacturing properties
5408 88th St E E Ste, Vancouver, WA 98665-0990
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1886639
Property summary
AI-generated overview
This exceptional 32,316 square foot freestanding building, located at 5408 NE 88th St in Vancouver, WA 98665, presents a rare opportunity. Built in 2002, this light industrial zoned property sits on a 2.3-acre lot and offers a versatile blend of executive office and warehouse space, ideal for a variety of businesses. The entire 32,316 square feet is currently vacant and available for lease or sale, with a minimum divisible space of 23,000 square feet. The building boasts five loading docks and four dock-high doors, ensuring efficient loading and unloading operations. Power is robust, featuring 480 VAC, 1,000 amps, 3-phase service. Parking is ample, with a ratio of 3 spaces per 1,000 square feet. The property's excellent image and prominent location make it an attractive option for businesses seeking a high-quality, functional space in Clark County. This is a unique opportunity to secure a substantial, well-maintained industrial property in a desirable location. Contact us today to learn more about leasing or purchasing this exceptional property.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2001
Construction
TYPE NOT SPECIFIED
Total area
64,000 SF
Lot
13.5 ac (588,060 SF)
Zoning code
IL : VAN
APN
106083-000
UPID
US90-1886639
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
-
CSB Craig Stein Beverage Big Box & Wholesale Store Distribution Center
-
nLIGHT, Inc. Industrial Manufacturer Production Facility
-
USPS BLUE MAIL BOX Post Office
-
Biokleen Industrial Manufacturer Production Facility
-
CHC Columbia Hydronics Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.90M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.64M
Owner & transaction history
Dutton Aspen LLC · 14 yrs held
Dutton Aspen LLC
since 2012
7 recorded transactions
Zoning & alternative use
IL : 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%
$9,640,000
6.5%
$8,895,000
7%
$8,260,000
Blend value · Realmo final
$6.64M
Range $5.98M – $7.30M · ±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
$104 / 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
$52,669
Tax year 2023
Assessed value
$6,884,200
Assessed 2023
Previous assessed
$6,129,000
+12.3% YoY
Effective rate
0.77%
On assessed value
Assessed land
$2,125,500
Assessed improvement
$4,758,700
Land market value
$2,125,500
Improvement market value
$4,758,700
Total market value
$6,884,200
Applied tax rate
10,447.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2001
Construction
TYPE NOT SPECIFIED
Heating
OTHER
Stories
1
Total area
64,000 SF
Lot
13.5 ac (588,060 SF)
Zoning code
IL : VAN
APN
106083-000
UPID
US90-1886639
Jurisdiction
CLARK
Zoning & alternative use
IL : VAN · Vancouver, WA
Zoning IL : VAN · permitted uses
IL : 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
2001
Construction
TYPE NOT SPECIFIED
Heating
OTHER
Stories
1
Lot
13.5 ac
Current owner
From public records · entity-resolved
Dutton Aspen LLC
Entity
Mailing address
15040 NE MASON ST, PORTLAND, OR 97230-4356
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2020
—
Dutton Aspen LLC
—
Deed Of Trust
related
$4,725,000 · Miscellaneous Ins Co
Jun 25, 2012
$4,278,849
Dutton Aspen LLC
Aspen North Park LLC
Warranty Deed
$2,600,000 · Lincoln National Life Ins
Aug 28, 2009
—
Aspen North Park LLC
Cassidy,frank L JR & Marion
Grant Deed
$2,500,000 · Seattle Metropolitan Cu
Jan 31, 2005
—
Aspen Hinton LLC
Aspen North Park LLC
Quit Claim Deed
related
—
Dec 27, 2000
—
Aspen North Park LLC
Cassidy,frank L & Marion
Grant Deed
$2,535,000 · Riverview Community Bank
—
—
Aspen North Park LLC
—
Deed Of Trust
related
$2,400,000 · Seattle Metropolitan Cu
—
—
Frank L Cassidy
—
Deed Of Trust
related
$450,000 · Individual
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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