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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Medical Office Space
605 164th Ave 5, Vancouver, WA 98684-9297
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-3117132
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
STEEL FRAME
Total area
8,148 SF
Lot
0.9 ac (39,204 SF)
Zoning code
OCI : VAN
APN
115000-000
UPID
US90-3117132
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
-
Nguyen Sarah E DDS Dental Office
-
De Luna Renato DDS Dental Office
-
Arikkan, Inc (Bike/Boat/Book/etc) Store Corporate Office
-
Pickens Family Dentistry Dental Office
-
Gentech Dentist: Goodman Justin R DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.61M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.22M
Owner & transaction history
Drue Pickens Dds PLLC · 2 yrs held
Drue Pickens Dds PLLC
since 2024
7 recorded transactions
Zoning & alternative use
OCI : 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%
$1,745,000
6.5%
$1,610,000
7%
$1,495,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,990,000
Change: -11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,935,000
Change: -14% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,880,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±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
$150 / 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
$20,034
Tax year 2023
Assessed value
$2,099,000
Assessed 2023
Previous assessed
$2,099,000
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$756,344
Assessed improvement
$1,342,656
Land market value
$756,344
Improvement market value
$1,342,656
Total market value
$2,099,000
Applied tax rate
10,143.0000
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
2008
Construction
STEEL FRAME
Heating
OTHER
Stories
1
Bathrooms
1
Total area
8,148 SF
Lot
0.9 ac (39,204 SF)
Zoning code
OCI : VAN
APN
115000-000
UPID
US90-3117132
Jurisdiction
CLARK
Zoning & alternative use
OCI : VAN · Vancouver, WA
Zoning OCI : VAN · permitted uses
OCI : 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
INDUSTRIAL (GENERAL)
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
INDUSTRIAL (GENERAL)
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
2008
Construction
STEEL FRAME
Heating
OTHER
Stories
1
Bathrooms
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Drue Pickens Dds PLLC
Individual
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2024
—
Drue Pickens Dds PLLC
Vancouver Limited Liability Company
Lease
$1,682,000 · Northwest Business Development Associati
Aug 1, 2023
—
Kei Nishida
Miki Nishida
Intrafamily Transfer
related
—
Jun 30, 2023
$3,425,000
Vancouver Dental Plaza LLC
Lakshmi Kametaro LLC
Warranty Deed
$2,053,962 · Washington Trust Bank
Jun 30, 2023
—
Kei Nishida
Lakshmi Kametaro LLC
Quit Claim Deed
related
—
Mar 27, 2020
—
Lakshmi Kametaro LLC
—
Deed
related
$1,850,000 · Onpoint Community Cu
Sep 14, 2017
—
Lakshmi Kametaro LLC
—
Deed
related
$200,000 · Onpoint Community Cu
Jul 29, 2016
$2,001,000
Lakshmi Kametaro LLC
164th Street Properties LLC
Warranty Deed
$1,600,800 · Onpoint Community Cu
Jul 20, 2007
$641,500
164th Street Properties LLC
Willerton,richard J & Diane M
Warranty Deed
—
Apr 5, 2007
—
Wcp Wireless Lease Subsidiary
—
Deed Of Trust
related
$85,000,000 · Bayerische Hypo-und Vereinsban
Aug 25, 1993
$100,000
—
Unknown
Grant Deed
related
—
—
—
Richard J Willerton
—
Deed Of Trust
related
$95,000 · Riverview Savings 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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