Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    603 116th Ave Vancouver, WA 98683-5257

    • Retail space
    • 2,848 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    $290,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1243694
    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

    • Tina at Seasons Spa & Salon / Beauty Salon
    • AMD Beauty / Hair Salon
    • Lush Skin Studio / Facial Spa
    • Seasons / Store
    • Luxe The Beauty Room / Hair Salon / Beauty Salon

    Property Details for 603 116th Ave

    Year built
    1920
    Construction
    WOOD
    Lot size
    0.21 lot acres
    Property size
    2,848 SF
    Zone code
    CC : VAN
    Property type
    Retail space
    APN
    114782-390
    APU
    114782390

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.553
    Latitude
    45.6173
    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
    $5,356
    $129,663
    $430,637
    $560,300
    -
    $129,663
    $430,637
    $560,300

    Comparable in this City

    • Value Estimation
      $355,000
      5,176 SF

      918 164th Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,176 SF
      918 164th Ave, Vancouver, WA 98683-9603
      View Details
    • Value Estimation
      $400,000
      6,821 SF

      906 164th Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,821 SF
      906 164th Ave, Vancouver, WA 98683-9628
      View Details
    • Value Estimation
      $745,000
      37,210 SF

      3200 164th Ave, Unit 58

      RETAIL STORES (PERSONAL SERVICES) • 37,210 SF
      3200 164th Ave, Vancouver, WA 98683-1107
      View Details
    • Value Estimation
      $650,000
      12,676 SF

      19171 Ml Pln Blvd

      RETAIL STORES (PERSONAL SERVICES) • 12,676 SF
      19171 Ml Pln Blvd, Vancouver, WA 98683-9321
      View Details
    • Value Estimation
      $1,375,000
      104,615 SF

      19005 Ml Pln Blvd

      RETAIL STORES (PERSONAL SERVICES) • 104,615 SF
      19005 Ml Pln Blvd, Vancouver, WA 98683-9316
      View Details
    • Value Estimation
      $725,000
      19,418 SF

      1420 163rd Ave

      RETAIL STORES (PERSONAL SERVICES) • 19,418 SF
      1420 163rd Ave, Vancouver, WA 98683-9662
      View Details

    Similar Nearby for Sale

    • $2,941,930
      1.34 Acres

      Fisher's Landing Commercial Land

      Two prime Vancouver, WA lots. Ideal development opportunity.
      0 18Th St, Vancouver, WA 98683
      View Details
    • $129,000

      Vista Del Rio Home

      Home in 55+ community with new roof and carpet.
      17401 SE 39Th St, Vancouver, WA 98683
      View Details
    • $100,000

      Spacious Home in Active Community

      Large 3 bed, 2 bath home in 55+ community.
      17401 SE 39Th St, Vancouver, WA 98683
      View Details
    • $419,000

      Updated Oakmont Overlooking Golf Course

      Updated Oakmont unit with golf course views in 55+ community.
      2624 SE Baypoint Dr, Vancouver, WA 98683
      View Details
    • $425,000
      0.18 Acres

      Land in Columbia Eden Estates

      Premium land in Vancouver's prestigious new community.
      16719 SE 44Th Cir, Vancouver, WA 98683
      View Details
    • $245,000
      0.23 Acres

      Vancouver Land with River Views

      Residential land in Vancouver, WA, with potential river views.
      14215 SE Bella Vista Pl, Vancouver, WA 98683
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      164,798 SF

      Retail Space in Fred Meyer Center

      Retail suite in Fred Meyer-anchored center with excellent visibility.
      16600 SE Mcgillivray Blvd, Vancouver, WA 98683
      View Details
    • Contact for pricing
      3,363 SF

      Vancouver Retail Space - 3363 SF

      Prime Vancouver retail space, ample parking.
      4101 192Nd Ave, Vancouver, WA 98683
      View Details
    • Contact for pricing
      240,000 SF

      Columbia Crossing Retail Space

      Vancouver, WA: Prime Retail Opportunity
      16701 Mill Plain Blvd, Vancouver, WA 98683
      View Details
    • $20 SF/Yr
      11,832 SF

      Cascade Village Retail Spaces

      Prime Retail/Office in Cascade Park
      808 Chkalov Dr, Vancouver, WA 98683
      View Details
    • $25 SF/Yr
      5,500 SF

      Prime Vancouver Medical Office Space

      Class A retail, 1,000-2,500 sqft available
      908 164Th Ave, Vancouver, WA 98683
      View Details
    • $24 SF/Yr
      45,218 SF

      Prime Vancouver Office Space

      Class A Office, 45,218 sqft, 2 stories
      16703 Mcgillivray Blvd, Vancouver, WA 98683
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    603 116th Ave
    Vancouver, WA 98683-5257
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.