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Property profile & analytics
OFF-MARKET
Estimated value
$8,675,000
Distribution centers
5900 88th St 2, Vancouver, WA 98665-0997
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-3306225
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2002
Construction
STEEL FRAME
Total area
96,848 SF
Lot
6.94 ac (302,306 SF)
Zoning code
IL : VAN
APN
106088-000
UPID
US90-3306225
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
-
North Coast Electric Electric Utility Company
-
Sunrise Manufacturing Inc Industrial Manufacturer Production Facility
-
Service Partners Distribution Center Logistics Company
-
RawChemistry Industrial Manufacturer Production Facility
-
ANR Logistics LLC Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.68M
Owner & transaction history
Blue Line Associates LLC · 3 yrs held
Blue Line Associates LLC
since 2022
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,830,000
Current use
Blend value · Realmo final
$8.68M
Range $7.81M – $9.54M · ±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
$90 / 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
$72,443
Tax year 2023
Assessed value
$9,469,400
Assessed 2023
Previous assessed
$7,187,400
+31.8% YoY
Effective rate
0.77%
On assessed value
Assessed land
$1,916,700
Assessed improvement
$7,552,700
Land market value
$1,916,700
Improvement market value
$7,552,700
Total market value
$9,469,400
Applied tax rate
10,447.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Bathrooms
1
Total area
96,848 SF
Lot
6.94 ac (302,306 SF)
Zoning code
IL : VAN
APN
106088-000
UPID
US90-3306225
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
WAREHOUSE, STORAGE Current
Est. value
$12.8M
WAREHOUSE, STORAGE Current
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
2002
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Bathrooms
1
Lot
6.94 ac
Current owner
From public records · entity-resolved
Blue Line Associates LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 820406, VANCOUVER, WA 98682-0008
Ownership since
2022
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
Dec 13, 2022
—
Blue Line Associates LLC
Master Towers LLC
Bargain And Sale Deed
—
Dec 27, 2004
$5,400,000
Master Towers LLC
Opus Northwest LLC
Grant Deed
$3,330,000 · National Mortgage Co
Sep 22, 2004
$1,704,044
88th Street LLC
Opus Northwest LLC
Grant Deed
$1,440,000 · West Coast Bank
Dec 17, 2001
—
Opus Northwest LLC
—
Trustees Deed
related
$5,075,000 · Us Bank NA
Oct 8, 2001
—
Clark County (wa)
Opus Northwest LLC
Quit Claim Deed
related
—
Nov 30, 2000
$750,000
Opus Northwest LLC
Haas,charles & Virginia
Grant Deed
—
Nov 17, 1999
—
Clark County (wa)
Haas,charles & Virginia
Quit Claim Deed
related
—
—
—
Master Towers LLC
—
Deed Of Trust
related
$2,600,000 · State Life Ins Co
—
—
88th Street LLC
—
Deed Of Trust
related
$1,400,000 · West Coast 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.
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