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

    6506 104th Pl Vancouver, WA 98662-5396

    • Assisted living facilities
    • 1,717 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Oct 06, 2021
    $386,900
    Value Estimations
    $390,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-3356689
    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

    • Assisted living facilities

    Property Details for 6506 104th Pl

    Year built
    2003
    Construction
    CONCRETE
    Lot size
    0.17 lot acres
    Property size
    1,717 SF
    Zone code
    R1-7.5 : CLK
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    106800-004
    APU
    106800004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $375,000
      ML approach
      $375,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $450,000
      Market price range: $212k - $451k
      AI Estimate
      $293,000
      Market price range: $79.9k - $322k

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $335,000
      Current use
      RETAIL STORES
      $550,000
      Change: +64% Conversion: Difficult
      MEDICAL BUILDING
      $470,000
      Change: +41% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $405,000
      Change: +22% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $395,000
      Change: +19% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $355,000
      Change: +7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.566
    Latitude
    45.6695
    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
    $4,598
    $178,200
    $298,909
    $477,109
    -
    $178,200
    $298,909
    $477,109

    Comparable in this City

    • Value Estimation
      $11,550,000
      35,288 SF

      7900 Vancouver Mall Dr, Unit 2

      HOMES (RETIRED, NURSING) • 35,288 SF
      7900 Vancouver Mall Dr, Vancouver, WA 98662-6795
      View Details
    • Value Estimation
      $305,000
      66,846 SF

      5414 81st Ave

      HOMES (RETIRED, NURSING) • 66,846 SF
      5414 81st Ave, Vancouver, WA 98662-6033
      View Details
    • Value Estimation
      $360,000
      1,632 SF

      7503 Mdws Dr

      HOMES (RETIRED, NURSING) • 1,632 SF
      7503 Mdws Dr, Vancouver, WA 98662-3697
      View Details
    • Value Estimation
      $345,000
      3,628 SF

      6400 87th Ave

      HOMES (RETIRED, NURSING) • 3,628 SF
      6400 87th Ave, Vancouver, WA 98662-5493
      View Details
    • Value Estimation
      $305,000
      9,316 SF

      5609 102nd Ave

      HOMES (RETIRED, NURSING) • 9,316 SF
      5609 102nd Ave, Vancouver, WA 98662-5710
      View Details
    • Value Estimation
      $745,000
      52,425 SF

      7213 58th St

      HOMES (RETIRED, NURSING) • 52,425 SF
      7213 58th St, Vancouver, WA 98662-5298
      View Details

    Similar Nearby for Sale

    • $13,600,000
      65,000 SF

      Van Mall Professional Campus

      Prime Vancouver Office Complex, 100% Leased
      9300 Van Mall Dr, Vancouver, WA 98662
      View Details
    • $30,510,000
      151,407 SF

      Prime Vancouver Retail Opportunity

      High-yield retail investment, 151,407 SF
      7500-7600 41St St, Vancouver, WA 98662
      View Details
    • $389,900
      2,188 SF

      Spacious Townhouse Style Condo

      Light-filled 2,188 SF townhouse-style condo in Amhurst Commons.
      5700 NE 82Nd Ave, Vancouver, WA 98662
      View Details
    • $329,000

      Updated Condo in Quiet Location

      Well-maintained condo with new HVAC and private balcony.
      8100 NE 104Th Cir, Vancouver, WA 98662
      View Details
    • $6,595,000

      Development Opportunity in Vancouver, WA

      5.05 acres approved for 120-unit multifamily community.
      7102 NE 129Th St, Vancouver, WA 98662
      View Details
    • $2,000,000
      5.75 Acres

      Vancouver Land with Flexible Zoning

      5.75 acres with R1-6/Light Industrial zoning in Vancouver, WA.
      7803 NE 99Th St, Vancouver, WA 98662
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      28,500 SF

      Prime Vancouver Office Space

      Class B Office, 28,500 sq ft, 1.56 acres
      5101 82Nd Ave, Vancouver, WA 98662
      View Details
    • $17 SF/Yr
      56,079 SF

      Orchards Center: Vancouver Retail Space

      Prime Vancouver retail space, multiple units available.
      10411 Fourth Plain Blvd, Vancouver, WA 98662
      View Details
    • $25 SF/Yr
      67,700 SF

      One Park Place: Vancouver Office Suites

      Premium Vancouver Office Space: Modern Amenities, Flexible Sizes
      7600 41St St, Vancouver, WA 98662
      View Details
    • $26 SF/Yr
      4,800 SF

      High Visibility Corner Office Suite

      Newly renovated office suite near Vancouver Square Mall for rent.
      5115 NE 82Nd Ave, Vancouver, WA 98662
      View Details
    • $25 SF/Yr
      95,873 SF

      The 4400 Bldg: Premier Office Space

      Class A Office, Multiple Suites Available
      4400 77Th Ave, Vancouver, WA 98662
      View Details
    • $2 SF/Yr
      422,096 SF

      Vancouver Industrial Land Lease

      10-Acre Rail-Served Industrial Lot
      0 Barberton Wa, Vancouver, WA 98662
      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.
    6506 104th Pl
    Vancouver, WA 98662-5396
    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.