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Property profile & analytics
OFF-MARKET
Estimated value
$2,555,000
Industrial properties
5601 18th St 123, Vancouver, WA 98661-6885
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0241030
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
2000
Construction
STEEL FRAME
Total area
19,200 SF
Lot
1.73 ac (75,359 SF)
Zoning code
IL : VAN
APN
029479-000
UPID
US90-0241030
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
-
Epiphany FIT Gym & Fitness Center
-
Bubb's Big Island Barbecue Take-out & Catering Catering Service
-
Diald N Construction Construction Company
-
Espresso Elegance Take-out & Catering Catering Service
-
Top Burmese Evergreen Catering Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.67M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.56M
Owner & transaction history
Kbh Realty 18th Street LLC · 11 yrs held
Kbh Realty 18th Street LLC
since 2014
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%
$2,890,000
6.5%
$2,670,000
7%
$2,480,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,985,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$2.56M
Range $2.30M – $2.81M · ±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
$133 / 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
$21,900
Tax year 2023
Assessed value
$2,346,200
Assessed 2023
Previous assessed
$2,132,900
+10.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$663,157
Assessed improvement
$1,683,043
Land market value
$663,157
Improvement market value
$1,683,043
Total market value
$2,346,200
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
OTHER
Buildings
2
Stories
1
Total area
19,200 SF
Lot
1.73 ac (75,359 SF)
Zoning code
IL : VAN
APN
029479-000
UPID
US90-0241030
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
AUTO REPAIR, GARAGE
Est. value
$4.0M
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
2000
Construction
STEEL FRAME
Heating
OTHER
Stories
1
Buildings
2
Lot
1.73 ac
Current owner
From public records · entity-resolved
Kbh Realty 18th Street LLC
Entity
Mailing address
304 S JONES BLVD #1194, LAS VEGAS, NV 89107-2623
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2014
$2,350,000
Kbh Realty 18th Street LLC
18th Street Holdings LLC
Warranty Deed
$1,762,500 · Columbia Cu
Dec 9, 2009
$2,120,000
18th Street Holdings LLC
Boespflug Dev INC
Grant Deed
$1,378,000 · Iq Cu
Feb 12, 2002
—
Boespflug Development INC
Clark County Excavating & Gene
Grant Deed
$1,330,000 · Riverview Community Bank
Sep 11, 2001
—
Vancouver City (wa)
Clark Co Excavating
Grant Deed
related
—
—
—
Madevco INC
—
Deed Of Trust
related
$25,000 · Phillips Group
—
—
Clark Clark County Excavating
—
Deed Of Trust
related
$450,000 · Nei Investors LLC
—
—
Boespflug Development INC
—
Deed Of Trust
related
$485,000 · Asghar Sadri
—
—
Boespflug Development INC
—
Deed Of Trust
related
$135,000 · Nei Investors LLC
—
—
Kbh Realty 18th Street LLC
—
Deed Of Trust
related
$2,000,000 · Miscellaneous Ins Co
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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