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Property profile & analytics
OFF-MARKET
Estimated value
$6,150,000
Distribution centers
5408 88th Stb, Vancouver, WA 98665-0989
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US90-3270270
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2000
Construction
TYPE NOT SPECIFIED
Total area
69,750 SF
Lot
5.29 ac (230,432 SF)
Zoning code
IL : VAN
APN
106076-000
UPID
US90-3270270
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.15M
Owner & transaction history
Stein Holdings LLC · 22 yrs held
Stein Holdings LLC
since 2004
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,240,000
Current use
Blend value · Realmo final
$6.15M
Range $5.54M – $6.77M · ±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
$88 / 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
$49,855
Tax year 2023
Assessed value
$6,513,200
Assessed 2023
Previous assessed
$5,831,400
+11.7% YoY
Effective rate
0.77%
On assessed value
Assessed land
$1,843,500
Assessed improvement
$4,669,700
Land market value
$1,843,500
Improvement market value
$4,669,700
Total market value
$6,513,200
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2000
Construction
TYPE NOT SPECIFIED
Heating
SPACE
Stories
1
Bathrooms
1
Total area
69,750 SF
Lot
5.29 ac (230,432 SF)
Zoning code
IL : VAN
APN
106076-000
UPID
US90-3270270
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$9.2M
WAREHOUSE, STORAGE Current
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
2000
Construction
TYPE NOT SPECIFIED
Heating
SPACE
Stories
1
Bathrooms
1
Lot
5.29 ac
Current owner
From public records · entity-resolved
Stein Holdings LLC
Entity
Mailing address
5408 NE 88TH STB, VANCOUVER, WA 98665-0989
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2021
—
Stein Holdings LLC
—
Deed
related
$6,840,000 · Bank Of America NA
Dec 10, 2020
—
Dutton Aspen LLC
—
Deed Of Trust
related
$4,725,000 · Miscellaneous Ins Co
Mar 31, 2004
$4,803,000
Stein Holdings LLC
Aspen-hinton LLC
Warranty Deed
related
$4,359,000 · Riverview Community Bank
Mar 16, 2001
$2,150,000
Commercial Industrial Holdings
Aspen-hinton INC
Grant Deed
related
—
Mar 16, 2001
$475,000
Aspen-hinton LLC
Aspen North Park LLC
Grant Deed
related
—
Jul 10, 2000
$522,000
Keller Vancouver #6 LLC
Aspen North Park LLC
Grant Deed
—
Jul 2, 1999
$377,945
Aspen Park LLC
Cassidy,frank I & Marion L
Grant Deed
—
Feb 13, 1996
—
Clark County
Cassidy,frank L
Quit Claim Deed
related
—
Jul 10, 1991
$325,000
Frank Cassidy
Unknown
Grant Deed
—
—
—
Stein Holdings LLC
—
Deed Of Trust
related
$3,800,000 · Bank Of America
—
—
Commercial Industrial Holding
—
Deed Of Trust
related
$727,900 · Columbia Community FCU
—
—
Commercial Industrial Holdings
—
Deed Of Trust
related
$750,000 · Evergreen Community Dev Assn
—
—
Commercial Industrial Holding
—
Deed Of Trust
related
$1,275,000 · Columbia Community FCU
—
—
Stein Holdings LLC
—
Deed Of Trust
related
$1,000,000 · Evergreen Community Dev Assn
—
—
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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