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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Medical Office Space
5800 112th St Vancouver, WA 98686
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0250771
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2001
Construction
WOOD
Total area
3,427 SF
Lot
0.34 ac (14,810 SF)
Zoning code
CG : VAN
APN
158103-000
UPID
US90-0250771
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
$675k
Comparable Approach
Comparable
$572k
Blend (final)
Blend
$720k
Owner & transaction history
Coxley Drive LLC · 8 yrs held
Coxley Drive LLC
since 2018
7 recorded transactions
Zoning & alternative use
CG : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+16.6%
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%
$735,000
6.5%
$675,000
7%
$630,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$940,000
Current use
RETAIL STORES
$1,095,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$815,000
Change: -14% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$790,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$720k
Range $648k – $792k · ±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
$210 / 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
$13,651
Tax year 2023
Assessed value
$1,425,200
Assessed 2023
Previous assessed
$1,239,300
+15.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$224,032
Assessed improvement
$1,201,168
Land market value
$224,032
Improvement market value
$1,201,168
Total market value
$1,425,200
Applied tax rate
10,171.0000
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
2001
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
3,427 SF
Lot
0.34 ac (14,810 SF)
Zoning code
CG : VAN
APN
158103-000
UPID
US90-0250771
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
MEDICAL BUILDING Current
Est. value
$940,000
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$815,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$790,000
MEDICAL BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2001
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Coxley Drive LLC
Entity
Mailing address
11100 NE COXLEY DR, VANCOUVER, WA 98662-6193
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2018
$1,335,000
Coxley Drive LLC
Opray Capital LLC
Warranty Deed
$1,134,750 · First Citizens Bank & Trust Co
May 7, 2001
—
Opray Capital LLC
Opray,joseph D & Marilyn
Quit Claim Deed
related
—
Oct 21, 1999
$100,000
Joseph D Opray
American Lutheran Church
Grant Deed
—
Jun 23, 1999
—
Clark County (wa)
St Andrew Lutheran Church
Grant Deed
related
—
May 30, 1996
—
Lutheran Church St. Andrew
—
Deed Of Trust
related
$1,525,000 · First Independent Bank
—
—
Opray Cap LLC
—
Loan Modification
related
$350,000 · Riverview Cmnty Bk
—
—
Marilyn Opray
—
Deed Of Trust
related
$600,000 · Riverview Community Bank
—
—
Opray Capital LLC
—
Deed Of Trust
related
$580,000 · Bank Of America
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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