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Property profile & analytics
OFF-MARKET
Estimated value
$5,090,000
Office Spaces
5500 109th Ct Vancouver, WA 98662-6176
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US90-3264695
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1992
Construction
WOOD
Total area
16,075 SF
Lot
0.92 ac (40,075 SF)
Zoning code
CG : VAN
APN
108857-019
UPID
US90-3264695
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
-
Blink Charging Station Electric Vehicle Charging Station
-
Top Dog Realty Real Estate Agency
-
Spoiled Spa and Salon Hair Salon Nail Salon
-
Lavender Spectrum Health Medical Clinic
-
Pacific Crest Massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.19M
CAP Approach
CAP
$3.31M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.09M
Owner & transaction history
New Pac INC
New Pac INC
since 2026
Last sale
$6.9M
6 recorded transactions
Zoning & alternative use
CG : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.3M
+39.9%
Retail stores
$5.1M
+34.8%
Medical building
$4.4M
+15.7%
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
$5,290,000
ML approach
$5,185,000
CAP Approach
CAP Return
Estimation
6%
$3,585,000
6.5%
$3,310,000
7%
$3,075,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,815,000
Current use
RESTAURANT
$5,330,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$5,140,000
Change: +35% · Conversion: Easy
MEDICAL BUILDING
$4,410,000
Change: +16% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,930,000
Change: +3% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,710,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,340,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$5.09M
Range $4.58M – $5.60M · ±10% · vs last sale $6.90M (Jan 13 2026)
Last sale anchor
$6.90M
Jan 13 2026
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
$317 / 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
$20,130
Tax year 2023
Assessed value
$2,099,700
Assessed 2023
Previous assessed
$1,825,800
+15.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$608,339
Assessed improvement
$1,491,361
Land market value
$608,339
Improvement market value
$1,491,361
Total market value
$2,099,700
Applied tax rate
10,361.0000
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
Off-Market
Year built
1992
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
16,075 SF
Lot
0.92 ac (40,075 SF)
Zoning code
CG : VAN
APN
108857-019
UPID
US90-3264695
Jurisdiction
CLARK
Zoning & alternative use
CG : VAN · Vancouver, WA
Zoning CG : VAN · permitted uses
CG : 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
$3.8M
RESTAURANT
Est. value
$5.3M
RETAIL STORES
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$4.4M
INDUSTRIAL (GENERAL)
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.3M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
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
1992
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
New Pac INC
Entity
Mailing address
2295 RURAL AVE SE, SALEM, OR 97302-1260
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Jan 13, 2026
$6,900,000
New Pac INC
Yeti Investments LLC
Warranty Deed
$4,980,000 · Onpoint Community Cu
Mar 31, 2020
$6,252,809
Yeti Investments LLC
Kyung G Chung
Grant Deed
$2,950,000 · Maps Cu
Sep 29, 2006
$4,450,000
Ok H Chung
Ledoux Family LLC
Grant Deed
$3,150,000 · Umpqua Bank
Mar 15, 2000
—
Ledoux Family LLC
Ledoux,leonard L & Tulas A
Quit Claim Deed
related
—
Dec 20, 1990
$180,000
Leonard Ledoux
Unknown
Grant Deed
—
—
—
Leonard L Ledoux
—
Deed Of Trust
related
$825,991 · Riverview Community Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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