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Property profile & analytics
OFF-MARKET
Estimated value
$1,710,000
Warehouses
6406 116th Ave 15, Vancouver, WA 98662-2418
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1793014
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Construction
CONCRETE
Total area
17,640 SF
Lot
0.93 ac (40,511 SF)
Zoning code
GC : CLK
APN
157501-020
UPID
US90-1793014
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
-
Emerge Jiu Jitsu Training Center Sports School
-
Tri-Tech Heating Inc HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.71M
Owner & transaction history
Jbh Commercial Properties LLC · 1 yrs held
Jbh Commercial Properties LLC
since 2025
7 recorded transactions
Zoning & alternative use
GC : CLK · 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
$2,335,000
Current use
Blend value · Realmo final
$1.71M
Range $1.54M – $1.88M · ±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
$97 / 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
$24,326
Tax year 2023
Assessed value
$2,494,000
Assessed 2023
Previous assessed
$2,267,300
+10.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$485,271
Assessed improvement
$2,008,729
Land market value
$485,271
Improvement market value
$2,008,729
Total market value
$2,494,000
Applied tax rate
10,166.0000
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
2019
Construction
CONCRETE
Heating
SPACE
Buildings
3
Stories
1
Total area
17,640 SF
Lot
0.93 ac (40,511 SF)
Zoning code
GC : CLK
APN
157501-020
UPID
US90-1793014
Jurisdiction
CLARK
Zoning & alternative use
GC : CLK · Vancouver, WA
Zoning GC : CLK · permitted uses
GC : CLK · 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
$2.3M
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
2019
Construction
CONCRETE
Heating
SPACE
Stories
1
Buildings
3
Lot
0.93 ac
Current owner
From public records · entity-resolved
Jbh Commercial Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
28801 NE 156TH CT, BATTLE GROUND, WA 98604-7524
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2025
—
Jbh Commercial Properties LLC
Jeremy D Harmon
Warranty Deed
—
Jul 28, 2023
—
Jeremy D Harmon
—
Deed
related
$500,000 · Iq Cu
Jul 26, 2022
—
Jeremy D Harmon
—
Deed
related
$300,000 · Iq Cu
Jul 5, 2019
—
Jeremy D Harmon
—
Loan Modification
related
$1,760,000 · Iq Cu
Apr 6, 2018
$280,000
Jeremy D Harmon
Gelissen,paul C
Grant Deed
$1,325,000 · Iq Cu
Jun 11, 2010
—
Paul C Gelissen
Prowest LLC
Warranty Deed
—
Aug 24, 2005
—
Dennis Wubben
Part IV Properties LLC
Quit Claim Deed
related
—
Dec 8, 2004
$425,000
Part IV Properties LLC
Gelissen,paul C
Warranty Deed
$400,000 · Paul C Gelissen
Dec 12, 1996
—
Clark County Washington
Gelissen,paul C
Grant Deed
related
—
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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