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Property profile & analytics
FOR LEASE
Office Spaces
717 NE 61St St, Vancouver, WA 98665
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0749127
For Lease
1 / 28
$465/Mo
717 NE 61St St, Vancouver, WA 98665
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Property summary
AI-generated overview
This two-story, 6,100 square foot Class B office building, constructed in 2002 and renovated in 2017, is situated in Vancouver, Washington's desirable Hazel Dell Salmon Creek submarket. Located at 717 NE 61st Street, this property boasts a convenient location on Highway 99, just half a mile north of I-5 and one mile north of Vancouver's central business district. The building features 22 total parking spaces and offers multiple tenancy options, currently with 495 square feet of vacant space. One immediately available suite (Suite 208-209) comprises 542 square feet on the first floor, including two private offices and a sink. This suite is ideal for executive or medical office use, aligning with the building's zoning as General Commercial (GC) District. A minimum lease term of 3-5 years is required. The property sits on a 0.48-acre lot with a building floor area ratio (FAR) of 14. Property taxes are $1.69 per square foot. The building does not have elevators. Pylon signage and ample parking are key amenities. This property presents a compelling opportunity for businesses seeking a well-maintained, conveniently located office space in a thriving community. The APN is 147736-000.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2002
Construction
CONCRETE
Total area
6,194 SF
Lot
0.48 ac (20,909 SF)
Zoning code
GC : CLK
APN
147736-000
UPID
US90-0749127
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
-
Sharman Carpenter Counselor Practitioner Service Location
-
Angela Jolley: Better Properties Vancouver Real Estate Agency
-
Kido Services Physician Medical Clinic
-
Serenity Quiggle, MSM, LM Midwife
-
Naomi O'callaghan Midwife
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.28M
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$1.30M
Owner & transaction history
Tbob LLC · 8 yrs held
Tbob LLC
since 2017
7 recorded transactions
Zoning & alternative use
GC : CLK · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.1M
+39.9%
Retail stores
$2.0M
+34.8%
Medical building
$1.7M
+15.7%
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%
$1,380,000
6.5%
$1,275,000
7%
$1,185,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,470,000
Current use
RESTAURANT
$2,055,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$1,980,000
Change: +35% · Conversion: Easy
MEDICAL BUILDING
$1,700,000
Change: +16% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,515,000
Change: +3% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,430,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,285,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±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
$209 / 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
$11,743
Tax year 2023
Assessed value
$1,196,000
Assessed 2023
Previous assessed
$1,097,300
+9.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$250,900
Assessed improvement
$945,100
Land market value
$250,900
Improvement market value
$945,100
Total market value
$1,196,000
Applied tax rate
10,029.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
2002
Construction
CONCRETE
Heating
HEAT PUMP
Stories
2
Total area
6,194 SF
Lot
0.48 ac (20,909 SF)
Zoning code
GC : CLK
APN
147736-000
UPID
US90-0749127
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
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
RESTAURANT
Est. value
$2.1M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2002
Construction
CONCRETE
Heating
HEAT PUMP
Stories
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Tbob LLC
Entity
Mailing address
14601 NE 24TH AVE, VANCOUVER, WA 98686-2227
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Dec 17, 2021
—
Tbob LLC
—
Deed
related
$250,000 · Fibre FCU
Nov 30, 2017
—
Tbob LLC
—
Deed
related
$100,000 · Fibre FCU
Oct 4, 2017
$950,000
Tbob LLC
Private Properties LLC
Grant Deed
related
—
Aug 31, 2017
$950,000
Tbob LLC
Private Properties LLC
Warranty Deed
—
Jan 8, 2003
—
Private Properties LLC
Clark County (wa)
Quit Claim Deed
related
—
Aug 31, 2000
$151,000
Private Properties LLC
M B Properties
Grant Deed
—
Apr 22, 1991
—
M B Properties
Unknown
Grant Deed
related
—
—
—
M B Properties
—
Deed Of Trust
related
$104,000 · Wells Fargo Bank
—
—
Private Properties LLC
—
Deed Of Trust
related
$750,000 · Bank Of Clark County
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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