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    Property profile & analytics

    5951 18th St Vancouver, WA 98661-6846

    • Industrial properties
    • 22,320 SF
    • 2.05 lot acres
    OFF-MARKET
    Last Sale
    Feb 15, 2023
    Value Estimations
    $2,865,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2429272
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • 9 Cent Color Copies / Marketing & Advertising / Printing Service
    • Innovative Plastic Concepts, LLC / Factory / Production Facility
    • Beauty and Bread Woodshop / Furniture & Home Goods / Home Decor Store
    • Esttech Inc. / Corporate Office
    • Custom Closets LLC / General Contractor / Renovation Specialist

    Property Details for 5951 18th St

    Year built
    2018
    Construction
    STEEL FRAME
    Lot size
    2.05 lot acres
    Property size
    22,320 SF
    Zone code
    IL : VAN
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    029400-000
    APU
    29400000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,360,000
      6.5%
      $3,105,000
      7%
      $2,880,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $4,635,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.612
    Latitude
    45.6348
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $23,867
    $768,572
    $1,788,428
    $2,557,000
    -
    $768,572
    $1,788,428
    $2,557,000

    Comparable in this City

    • Value Estimation
      $2,330,000
      17,640 SF

      1770 65th Ave

      INDUSTRIAL LOFT BUILDING • 17,640 SF
      1770 65th Ave, Vancouver, WA 98661-6856
      View Details
    • Value Estimation
      $7,435,000
      69,024 SF

      2501 Columbia Way, Unit 338

      INDUSTRIAL LOFT BUILDING • 69,024 SF
      2501 Columbia Way, Vancouver, WA 98661-8045
      View Details
    • Value Estimation
      $2,565,000
      35,746 SF

      300 Grand Blvd, Unit 3

      INDUSTRIAL LOFT BUILDING • 35,746 SF
      300 Grand Blvd, Vancouver, WA 98661-4930
      View Details
    • Value Estimation
      $2,570,000
      21,000 SF

      2850 65th Ave, Unit 38

      INDUSTRIAL LOFT BUILDING • 21,000 SF
      2850 65th Ave, Vancouver, WA 98661-6803
      View Details
    • Value Estimation
      $745,000
      5,775 SF

      4207 St Johns Rd

      INDUSTRIAL LOFT BUILDING • 5,775 SF
      4207 St Johns Rd, Vancouver, WA 98661-3327
      View Details
    • Value Estimation
      $900,000
      11,755 SF

      6025 18th St

      INDUSTRIAL LOFT BUILDING • 11,755 SF
      6025 18th St, Vancouver, WA 98661-6843
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,047 SF

      Multi-Tenant Industrial Property For Sale

      Multi-tenant industrial property with 34 units, 93% leased.
      311 E Reserve St, Vancouver, WA 98661
      View Details
    • Contact for pricing
      18,000 SF

      Vancouver Office Building For Sale

      18,000 SF office building with income potential.
      2300 E 3Rd Loop, Vancouver, WA 98661
      View Details
    • New
      $749,900
      2,238 SF

      Updated Triplex in Convenient Location

      Well-maintained triplex with updates, established rents, and income potential.
      2404 E 13Th St, Vancouver, WA 98661
      View Details
    • $240,000
      0.15 Acres

      Vancouver Commercial Lot For Sale

      Light Industrial zoned lot suitable for shop or other uses.
      7002 NE 47Th Ave, Vancouver, WA 98661
      View Details
    • New
      $150,000
      0.34 Acres

      Residential Land Overlooking Burnt Bridge Creek

      Large, gently sloped building lot overlooking Burnt Bridge Creek.
      13 Algona Dr, Vancouver, WA 98661
      View Details
    • Contact for pricing

      Vancouver Office Space Available

      Office property for sale in Vancouver, Washington.
      4301 East Fourth Plain Blvd, Vancouver, WA 98661
      View Details

    Similar Nearby for Lease

    • $1.08 SF/Yr

      Industrial Warehouse Space Available

      4,500 SF warehouse space for lease in Vancouver, WA.
      6204 E 18Th St, Vancouver, WA 98661
      View Details
    • Contact for pricing

      Warehouse/Manufacturing Building For Lease

      28,000-56,000 SF warehouse/manufacturing space, excellent location, available 2026.
      6115 NE 63Rd St, Vancouver, WA 98661
      View Details
    • Contact for pricing

      Vancouver Flex Space For Rent

      End cap flex space with office and parking.
      1721 NE 64Th Ave, Vancouver, WA 98661
      View Details
    • $20 SF/Yr

      Retail Space with Extensive Amenities

      Well-equipped retail space in Vancouver, WA, ready for occupancy.
      2900 E Mill Plain Blvd, Vancouver, WA 98661
      View Details
    • $16 SF/Yr
      2,261 SF

      Prime Coworking Space in Clark County

      Modern Office, 2,261 SF Available
      2300 3Rd Loop, Vancouver, WA 98661
      View Details
    • Contact for pricing

      Retail Center Anchored by Safeway

      Neighborhood shopping center with retail and restaurant spaces for lease.
      6713 NE 63Rd St, Vancouver, WA 98661
      View Details
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    Vancouver, WA 98661-6846
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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