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Property profile & analytics
OFF-MARKET
Estimated value
$2,745,000
Strip malls
5910 4th Pln Blvd 1 Vancouver, WA 98661-6883
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0978522
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,392 SF
Lot
1.72 ac (74,923 SF)
Zoning code
CG : VAN
APN
108850-000
UPID
US90-0978522
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
-
Europa International food market Grocery & Convenience Store
-
Mercado Latino Grocery & Convenience Store Specialty Food Shop
-
Sorya Asian Market (Bike/Boat/Book/etc) Store Grocery & Convenience Store
-
AgencyOne NW Real Estate Agency
-
Ria Money Transfer - Mercado Latino Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.75M
Owner & transaction history
Prak Commercial LLC · 21 yrs held
Prak Commercial LLC
since 2005
5 recorded transactions
Zoning & alternative use
CG : 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$108 / 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
$34,039
Tax year 2023
Assessed value
$3,647,300
Assessed 2023
Previous assessed
$3,647,300
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$1,024,500
Assessed improvement
$2,622,800
Land market value
$1,024,500
Improvement market value
$2,622,800
Total market value
$3,647,300
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
25,392 SF
Lot
1.72 ac (74,923 SF)
Zoning code
CG : VAN
APN
108850-000
UPID
US90-0978522
Jurisdiction
CLARK
Zoning & alternative use
CG : VAN · Vancouver, WAZoning 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
Building & site characteristics
From public records
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
1.72 ac
Current owner
From public records · entity-resolved
Prak Commercial LLC
Entity
Mailing address
14812 SE RIVERCREST DR, VANCOUVER, WA 98683-5324
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2016
—
Prak Commercial LLC
—
Deed
related
—
May 20, 2005
—
Prak Commercial LLC
Prak,mike & Dana
Quit Claim Deed
related
$1,697,190 · First Mutual Bank
—
—
Prak Commercial LLC
—
Loan Modification
related
—
—
—
Mike Prak
—
Deed Of Trust
related
$1,015,000 · First Mutual Bank
—
—
Mike Prak
—
Deed Of Trust
related
$980,000 · Grazul Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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