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Property profile & analytics
OFF-MARKET
Estimated value
$1,990,000
Strip malls
5508 4th Pln Blvd Vancouver, WA 98661-6892
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1725453
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,275 SF
Lot
0.78 ac (33,977 SF)
Zoning code
CC : VAN
APN
029450-040
UPID
US90-1725453
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
-
Boost Mobile Mobile Phone Store Electronics & Wireless Store
-
Voodoo Tattoo & Piercing Tattoo & Piercing Shop
-
Little Caesars Pizza Restaurant
-
Liz salon Hair Salon Nail Salon
-
Beds 4 Less & Furniture Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.36M
CAP Approach
CAP
$2.00M
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$1.99M
Owner & transaction history
5508 Ne 4th Plain Blvd LLC · 1 yrs held
5508 Ne 4th Plain Blvd LLC
since 2025
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
CC : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.3M
+38.6%
Medical building
$2.8M
+18.9%
Commercial (general)
$2.6M
+10.0%
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
$1,330,000
ML approach
$1,360,000
CAP Approach
CAP Return
Estimation
6%
$2,165,000
6.5%
$2,000,000
7%
$1,855,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,370,000
Current use
RETAIL STORES
$3,285,000
Change: +39% · Conversion: Easy
MEDICAL BUILDING
$2,820,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,605,000
Change: +10% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,510,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,135,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.99M
Range $1.79M – $2.19M · ±10% · vs last sale $2.00M (Oct 10 2024)
Last sale anchor
$2.00M
Oct 10 2024
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
$194 / 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
$14,267
Tax year 2023
Assessed value
$1,528,000
Assessed 2023
Previous assessed
$1,528,000
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$382,500
Assessed improvement
$1,145,500
Land market value
$382,500
Improvement market value
$1,145,500
Total market value
$1,528,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
10,275 SF
Lot
0.78 ac (33,977 SF)
Zoning code
CC : VAN
APN
029450-040
UPID
US90-1725453
Jurisdiction
CLARK
Zoning & alternative use
CC : VAN · Vancouver, WA
Zoning CC : VAN · permitted uses
CC : 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.4M
RETAIL STORES
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
5508 Ne 4th Plain Blvd LLC
Entity
Mailing address
101 SE 82ND AVE, PORTLAND, OR 97216-1003
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jan 10, 2025
$2,000,000
5508 Ne 4th Plain Blvd LLC
B & T Property Group LLC
Warranty Deed
$1,200,000 · Onpoint Community Cu
Jul 19, 2022
$1,500,000
B&t Property Group LLC
Fourth Plain Holdings LLC
Warranty Deed
—
Apr 16, 2021
$1,567,500
Fourth Plain Holdings LLC
Camp Es Associates LLC
Warranty Deed
—
Sep 19, 2017
—
Camp Es Associates LLC
—
Deed
related
$520,000 · Us Bk
Jun 29, 1990
$635,000
Camp E S Assoc
Unknown
Grant Deed
—
—
—
Camp Es Associates LLC
—
Deed Of Trust
related
$825,000 · Sterling Savings Bank
—
—
Camp Es Associates LLC
—
Loan Modification
related
$520,000 · Us Bk
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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