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Property profile & analytics
OFF-MARKET
Estimated value
$24,090,000
Medical Office Space
700 87th Ave Vancouver, WA 98664-1913
Entity Owned
Free & Clear
Property ID
US90-1265200
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
STEEL FRAME
Total area
134,442 SF
Lot
6.35 ac (276,606 SF)
Zoning code
OCI : VAN
APN
037923-173
UPID
US90-1265200
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
-
Fred Meyer Pharmacy Pharmacy
-
Vancouver Clinic: Nadal Natalya MD Medical Clinic Pediatrician
-
Singh Narinderpal MD Physician
-
Urology Clinic Of Southwest Wa Medical Clinic
-
OHSU Knight - Legacy Health Cancer Collaborative, The Vancouver Clinic Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$26.57M
Comparable Approach
Comparable
$18.87M
Blend (final)
Blend
$24.09M
Owner & transaction history
Safpci Nx Camas Mob Owner LLC
Safpci Nx Camas Mob Owner LLC
since 2025
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%
$28,780,000
6.5%
$26,570,000
7%
$24,670,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$36,885,000
Current use
INDUSTRIAL (GENERAL)
$32,870,000
Change: -11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$31,890,000
Change: -14% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$31,020,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$24.09M
Range $21.68M – $26.50M · ±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
$179 / 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
$360,574
Tax year 2023
Assessed value
$37,799,300
Assessed 2023
Previous assessed
$37,799,300
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$3,319,300
Assessed improvement
$34,480,000
Land market value
$3,319,300
Improvement market value
$34,480,000
Total market value
$37,799,300
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
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
Cooling
CENTRAL
Stories
3
Bathrooms
2
Total area
134,442 SF
Lot
6.35 ac (276,606 SF)
Zoning code
OCI : VAN
APN
037923-173
UPID
US90-1265200
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
MEDICAL BUILDING Current
Est. value
$36.9M
INDUSTRIAL (GENERAL)
Est. value
$32.9M
COMMERCIAL (GENERAL)
Est. value
$31.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$31.0M
MEDICAL BUILDING Current
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
Cooling
Yes
Stories
3
Bathrooms
2
Lot
6.35 ac
Current owner
From public records · entity-resolved
Safpci Nx Camas Mob Owner LLC
Entity
Free & Clear · 0 yrs held
Mailing address
700 NE 87TH AVE, VANCOUVER, WA 98664-1913
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2025
—
Safpci Nx Camas Mob Owner LLC
Vancouver Clinic Building LLC
Deed
—
Nov 14, 2019
—
Vancouver Clinic Building LLC
—
Deed
related
$25,000,000 · Us Bk
Feb 1, 2019
—
Vancouver Clinic Building LLC
—
Loan Modification
related
$38,000,000 · Us Bk
Nov 28, 2018
—
Vancouver Clinic Building LLC
—
Loan Modification
related
$25,000,000 · Us Bk
Oct 10, 2018
—
Vancouver Clinic Building LLC
—
Loan Modification
related
$25,000,000 · Us Bk
Aug 14, 2017
—
Vancouver Clinic Building LLC
—
Loan Modification
related
$25,000,000 · Us Bk
Jun 7, 2016
—
Vancouver Clinic Building LLC
—
Deed
related
$25,000,000 · Us Bk
Jun 21, 2005
—
Vancouver Clinic Building LLC
—
Trustees Deed
related
$10,000 · Us Bank NA
Jun 11, 2002
$2,000,000
Garden Park Estates LLC
Kuo,ming-teh & Wen-chen
Grant Deed
$1,400,000 · Sterling Savings Bank
Mar 31, 2000
—
Clinic Building Vancouver
—
Deed Of Trust
related
$7,000,000 · Bank Of Clark County
—
—
Vancouver Clinic Building LLC
—
Loan Modification
related
$25,000,000 · Us Bk
—
—
Vancouver Clinic Building LLC
—
Loan Modification
related
$25,000,000 · Us Bk
—
—
Clinic Bldg Vancouver
—
Deed Of Trust
related
$7,000,000 · First Interstate Bank Washingt
—
—
Vancouver Clinic Building LLC
—
Loan Modification
related
$25,000,000 · Us Bk
—
—
Vancouver Clinic Building LLC
—
Loan Modification
related
$25,000,000 · Us Bk
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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