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Property profile & analytics
OFF-MARKET
Estimated value
$9,665,000
Hotels
550 Waterfront Way Vancouver, WA 98660-3074
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-2849152
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2019
Total area
159,119 SF
Lot
0.45 ac (19,515 SF)
Zoning code
CX : VAN
APN
986041-169
UPID
US90-2849152
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.26M
Blend (final)
Blend
$9.67M
Owner & transaction history
Indigo One LLC · 7 yrs held
Indigo One LLC
since 2019
4 recorded transactions
Zoning & alternative use
CX : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$15.7M
+223.2%
Retail stores
$15.3M
+216.2%
Commercial (general)
$12.2M
+152.0%
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
AUTO REPAIR, GARAGE
$15,675,000
Change: +223% · Conversion: Difficult
RETAIL STORES
$15,335,000
Change: +216% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,220,000
Change: +152% · Conversion: Difficult
OFFICE BUILDING
$10,815,000
Change: +123% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$10,390,000
Change: +114% · Conversion: Difficult
RESTAURANT
$10,130,000
Change: +109% · Conversion: Difficult
Blend value · Realmo final
$9.67M
Range $8.70M – $10.63M · ±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
$61 / 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
$420,065
Tax year 2023
Assessed value
$45,024,300
Assessed 2023
Previous assessed
$45,244,800
-0.5% YoY
Effective rate
0.93%
On assessed value
Assessed land
$3,864,000
Assessed improvement
$41,160,300
Land market value
$3,864,000
Improvement market value
$41,160,300
Total market value
$45,024,300
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2019
Heating
NONE
Buildings
2
Stories
1
Total area
159,119 SF
Lot
0.45 ac (19,515 SF)
Zoning code
CX : VAN
APN
986041-169
UPID
US90-2849152
Jurisdiction
CLARK
Zoning & alternative use
CX : VAN · Vancouver, WA
Zoning CX : VAN · permitted uses
CX : 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
AUTO REPAIR, GARAGE
Est. value
$15.7M
RETAIL STORES
Est. value
$15.3M
COMMERCIAL (GENERAL)
Est. value
$12.2M
OFFICE BUILDING
Est. value
$10.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.4M
RESTAURANT
Est. value
$10.1M
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
2019
Heating
NONE
Stories
1
Buildings
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Indigo One LLC
Entity
Mailing address
2370 E 3RD LOOP STE #100, VANCOUVER, WA 98661-7736
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2025
—
Indigo One LLC
—
Deed
related
$34,000,000 · Northwest Bank
Jan 28, 2019
—
Indigo One LLC
—
Deed
related
$41,583,970 · Access Point Financial LLC
Jan 15, 2019
—
Indigo One LLC
Waterfront Hldgs Grp I LLC
Quit Claim Deed
related
—
Aug 10, 2017
$3,250,000
Waterfront Holdings Group I Ll
Columbia Waterfront LLC
Trustees Deed
$1,350,000 · Red Canoe Cu
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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