Entity Owned 
For Sale
1 / 19
$1,700,000
6407 NE 117Th Ave,Unit B, Vancouver, WA 98662
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Property summary
AI-generated overview
A two-story, 10,000-square-foot multi-tenant office building in the Orchards neighborhood serving the greater Vancouver area. Originally constructed in 1988, it underwent a significant remodel in 2012 and is configured with 21 office spaces plus an open bullpen. The property is on a 0.65-acre lot, fully fenced with security features, and includes ample parking. It has one grade-height loading door and is positioned to support a range of professional uses consistent with its zoning, including medical, finance, and distribution-related functions. The building is located near major highways and key intersections, approximately one mile from the intersection of I-205 and WA-500, with frontage along NE 117th near an area reported as having approximately 35,000 vehicles per day.
Property profile
Verified
Property type
Other office properties
Use group
OFFICE (GENERAL)
Year built
1989
Construction
TILT-UP CONCRETE
Total area
5,021 SF
Lot
0.65 ac (28,314 SF)
Zoning code
CC : CLK
APN
158429-000
UPID
US90-1257613
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Atm
-
Bank Loan Service
-
Bank Credit Union
-
Real Estate Agency
-
Roofing Company General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$870k
Blend (final)
Blend
$990k
Owner & transaction history
since 2012
6 recorded transactions
Zoning & alternative use
CC : CLK · Vancouver, WA
Top alternative use upside
Retail stores
$1.6M
+34.8%
Medical building
$1.4M
+15.7%
Industrial (general)
$1.2M
+3.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 7 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$990k
Value range
$891k – $1.09M
±10% around blend
Estimated value / SF
$197 / SF
Confidence
High
7 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
70
Income certainty
100
$891k
blend $990k
$1.09M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,021 SF
Lot area
0.65 ac
Year built
1989
Stories
1
APN
158429-000
Zoning
CC : CLK
Assessed value
$1,479,500
Annual tax
$14,416
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.04M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.12M
@ 6.5% CAP return
$1.04M
@ 7% CAP return
$960k
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$14,416
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.57M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.7 mi away · 5,167 SF
9.3 mi away · 4,362 SF
9.4 mi away · 3,882 SF
11.9 mi away · 5,004 SF
11.9 mi away · 3,520 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$990k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 131 sales
$237
-17%
County 165 sales
$243
-19%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $197/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+35%
vs current-use indication
Medical Building
Industrial (general)
Commercial (general) · current use
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
7.58%
Selected cap rate for this other office properties
Derived from the Vancouver market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.58%
9.0%
NOI (est.)
$129k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.70M
Move the market yield to see immediate price impact.
Value / SF
$338
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.08%7.58%8.08%
$116k
$1.64M
$1.53M
$1.43M
$129k
$1.82M
$1.70M
$1.59M
$142k
$2.00M
$1.87M
$1.75M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$2.68M
1.8 mi · Nov 2025 · $442/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$14,416
Tax year 2023
Assessed value
$1,479,500
Assessed 2023
Previous assessed
$1,286,500
+15.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$394,048
Assessed improvement
$1,085,452
Land market value
$394,048
Improvement market value
$1,085,452
Total market value
$1,479,500
Applied tax rate
10,166.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other office properties
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1989
Construction
TILT-UP CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
5,021 SF
Lot
0.65 ac (28,314 SF)
Zoning code
CC : CLK
APN
158429-000
UPID
US90-1257613
Jurisdiction
CLARK
Zoning & alternative use
CC : CLK · Vancouver, WAZoning CC : CLK · permitted uses
CC : CLK · Vancouver, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
TILT-UP CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
0.65 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CC : CLK
Jurisdiction
Vancouver, WA
Recorded code
CC : CLK
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CC : CLK in Vancouver, WA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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