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Property profile & analytics
OFF-MARKET
Estimated value
$2,710,000
Medical Office Space
5515 Pioneer St Ridgefield, WA 98642-3375
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0555669
Property summary
AI-generated overview
This exceptional 3.03-acre commercial land parcel presents a unique investment opportunity in the thriving city of Ridgefield, Washington. Located at 5515 Pioneer St, 98642, this property is ideally situated and zoned for employment uses, offering significant potential for a variety of commercial developments. The expansive lot provides ample space for construction, while the existing 66 parking spaces offer immediate utility. The asking price is $1,400,000. This prime location in Clark County offers easy access to major transportation routes, ensuring convenient commutes for employees and clients. The "Employment" zoning designation opens doors to a wide range of business ventures, making this property an attractive prospect for developers and investors seeking a strategic foothold in a rapidly growing area. With its generous size, convenient parking, and advantageous zoning, this property is poised for immediate development or long-term appreciation. Don't miss this chance to acquire a significant commercial land holding in a highly desirable location. Contact us today to learn more about this exceptional opportunity.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2019
Total area
15,436 SF
Lot
2.48 ac (108,029 SF)
Zoning code
CRB : RGF
APN
214070-000
UPID
US90-0555669
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
-
Urgent Care | Vancouver Clinic Ridgefield Medical Clinic
-
Curtis McDonald, MD Pediatrician Medical Clinic
-
Jonas Aharoni MD Pediatrician Medical Clinic
-
Vancouver Clinic | Ridgefield Medical Clinic
-
Loretta Wood-Steenvoorden FNP, MSN Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.79M
Comparable Approach
Comparable
$2.10M
Blend (final)
Blend
$2.71M
Owner & transaction history
Vancouver Clinic Building LLC · 7 yrs held
Vancouver Clinic Building LLC
since 2018
7 recorded transactions
Zoning & alternative use
CRB : RGF · Ridgefield, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.3M
+3.4%
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 Ridgefield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ridgefield 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%
$3,015,000
6.5%
$2,785,000
7%
$2,585,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,140,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,280,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,755,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$2.71M
Range $2.44M – $2.98M · ±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
$176 / 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
$39,796
Tax year 2023
Assessed value
$4,793,700
Assessed 2023
Previous assessed
$4,357,900
+10.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$1,830,004
Assessed improvement
$2,963,696
Land market value
$1,830,004
Improvement market value
$2,963,696
Total market value
$4,793,700
Applied tax rate
10,319.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2019
Heating
NONE
Stories
1
Total area
15,436 SF
Lot
2.48 ac (108,029 SF)
Zoning code
CRB : RGF
APN
214070-000
UPID
US90-0555669
Jurisdiction
CLARK
Zoning & alternative use
CRB : RGF · Ridgefield, WA
Zoning CRB : RGF · permitted uses
CRB : RGF · Ridgefield, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ridgefield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$3.8M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
Lot
2.48 ac
Current owner
From public records · entity-resolved
Vancouver Clinic Building LLC
Entity
Mailing address
700 NE 87TH AVE, VANCOUVER, WA 98664-1913
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2019
—
Vancouver Clinic Building LLC
—
Loan Modification
related
$30,000,000 · Us Bk
Feb 1, 2019
—
Vancouver Clinic Building LLC
—
Grant Deed
related
$38,000,000 · Us Bk
Oct 26, 2018
$281
Vancouver Clinic Building LLC
Lahti,gary H
Quit Claim Deed
related
—
Nov 1, 2016
$1,600,000
Vancouver Clinic Building LLC
Evans Renewable Holdings II Ll
Warranty Deed
—
Jan 9, 2015
—
Evans Renewable Holdings II Ll
Pioneer Ev Holdings LLC
Grant Deed
—
Jun 22, 2011
—
Pioneer Ev Holdings LLC
Lahti,gary H
Quit Claim Deed
related
—
Aug 13, 2010
$1,119,334
Pioneer Ev Holdings LLC
Pioneer Crossing LLC
Warranty Deed
—
Oct 3, 2007
—
Pioneer Crossing LLC
—
Trustees Deed
related
$6,200,000 · First Independent Bank
Apr 14, 2006
—
Pioneer Crossing LLC
Port Of Ridgefield
Warranty Deed
$960,000 · 1re LLC
—
—
Pioneer Ev Holdings LLC
—
Deed Of Trust
related
$975,000 · Evans Renewable Holdings II Ll
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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