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Property profile & analytics
OFF-MARKET
Estimated value
$7,875,000
Warehouses
6301 159th Ave, Vancouver, WA 98682-3895
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-2133281
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2023
Total area
87,610 SF
Lot
4.31 ac (187,744 SF)
Zoning code
IL : VAN
APN
159147-000
UPID
US90-2133281
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
-
Bauer Cases Industrial Manufacturer Production Facility
-
HH Bauer Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.88M
Owner & transaction history
H H Bauer & Associates INC · 1 yrs held
H H Bauer & Associates INC
since 2025
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
$11,605,000
Current use
Blend value · Realmo final
$7.88M
Range $7.09M – $8.66M · ±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
$105,323
Tax year 2023
Assessed value
$11,001,586
Assessed 2023
Previous assessed
$1,866,810
+489.3% YoY
Effective rate
0.96%
On assessed value
Assessed land
$2,146,831
Assessed improvement
$8,854,755
Land market value
$2,146,831
Improvement market value
$8,854,755
Total market value
$11,001,586
Applied tax rate
10,167.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2023
Heating
NONE
Stories
1
Total area
87,610 SF
Lot
4.31 ac (187,744 SF)
Zoning code
IL : VAN
APN
159147-000
UPID
US90-2133281
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
$11.6M
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
2023
Heating
NONE
Stories
1
Lot
4.31 ac
Current owner
From public records · entity-resolved
H H Bauer & Associates INC
Entity
Mailing address
6301 NE 159TH AVE, VANCOUVER, WA 98682-3895
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Jul 1, 2025
—
H H Bauer & Associates INC
Lbkb Enterprises LLC
Deed
$5,275,000 · Northwest Business Development Associati
Oct 24, 2022
—
Lbkb Enterprises LLC
—
Deed
related
$6,450,000 · Jpmorgan Chase Bank NA
Nov 30, 2021
—
Lbkb Enterpirses LLC
—
Deed
related
$912,500 · Jpmorgan Chase Bank NA
Oct 28, 2021
—
Lbkb Enterprises LLC
City Of Vancouver
Warranty Deed
—
Jan 5, 2006
$420,000
City Of Vancouver
Sifton Commerce Center LLC
Warranty Deed
—
Apr 4, 2003
—
Sifton Commerce Center LLC
—
Deed Of Trust
related
$1,100,000 · American Pacific Bank
Mar 20, 2003
—
Clark County (wa)
Sifton Commerce Center LLC
Grant Deed
related
—
Dec 12, 2002
$468,000
Sifton Commerce Center LLC
Wade,loren A & Carolyn
Grant Deed
$327,600 · Loren A & Carolyn Wade
Sep 27, 2001
—
Clark County (wa)
Wade,ronald
Quit Claim Deed
related
—
May 7, 2001
—
162nd & Fourth Plain LLC
—
Trustees Deed
related
—
Sep 1, 1999
—
162nd & Fourth Plain LLC
Wade,loren A & Carolyn
Grant Deed
$12,000,000 · Us 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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