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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Medical Office Space
700 Devine Rd 188, Vancouver, WA 98661-6964
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0863939
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1975
Construction
CONCRETE
Total area
3,078 SF
Lot
0.14 ac (6,098 SF)
Zoning code
HX : VAN
APN
037910-152
UPID
US90-0863939
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
-
Crosswater Dental Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
$610k
Comparable Approach
Comparable
$621k
Blend (final)
Blend
$595k
Owner & transaction history
Crosswater Property LLC · 4 yrs held
Crosswater Property LLC
since 2021
Last sale
$588,750
4 recorded transactions
Zoning & alternative use
HX : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$985,000
+16.6%
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
$565,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
$660,000
6.5%
$610,000
7%
$565,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$845,000
Current use
RETAIL STORES
$985,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$780,000
Change: -8% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$710,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $589k (Sep 17 2021)
Last sale anchor
$589k
Sep 17 2021
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
$193 / 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
$5,191
Tax year 2023
Assessed value
$555,150
Assessed 2023
Previous assessed
$555,150
+0.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$64,200
Assessed improvement
$490,950
Land market value
$64,200
Improvement market value
$490,950
Total market value
$555,150
Applied tax rate
10,000.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1975
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
3
Stories
1
Total area
3,078 SF
Lot
0.14 ac (6,098 SF)
Zoning code
HX : VAN
APN
037910-152
UPID
US90-0863939
Jurisdiction
CLARK
Zoning & alternative use
HX : VAN · Vancouver, WA
Zoning HX : VAN · permitted uses
HX : 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
$845,000
RETAIL STORES
Est. value
$985,000
COMMERCIAL (GENERAL)
Est. value
$780,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$710,000
MEDICAL BUILDING Current
RETAIL STORES
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
1975
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
Crosswater Property LLC
Entity
Mailing address
6060 SE 32ND AVE, PORTLAND, OR 97202-8501
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2021
$588,750
Crosswater Property LLC
Gary T Gregg
Warranty Deed
—
Jan 8, 1991
—
Gregg B M Etal Trstees
Unknown
Grant Deed
related
—
—
—
Gary T Gregg
—
Deed Of Trust
related
$200,000 · Us Bank Of Washington
—
—
Gary T Gregg
—
Deed Of Trust
related
$200,000 · Riverview Community 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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