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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7500 16th Ave Ste B Vancouver, WA 98665-0467

    • Warehouses
    • 2,873 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimations
    $365,000
    Show details
    Cap Rate Potential
    10%
    Warehouses
    Location Intelligence
    Property ID
    US90-1790334
    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

    • Clark County Fitness LLC / Physical Therapist
    • Northgate Business Park / Business Center / Office
    • One Ohana Volleyball / Sports Club
    • Pacific NW Lift Truck & Equipment Service / Mechanic
    • Royalty Athletics All-Stars Cheerleading / Sports Club / Gymnastics Center

    Property Details for 7500 16th Ave Ste B

    Year built
    1978
    Construction
    CONCRETE
    Lot size
    0.19 lot acres
    Property size
    2,873 SF
    Zone code
    GC : CLK
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    986028-274
    APU
    986028274

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $445,000
      6.5%
      $410,000
      7%
      $380,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $390,000
      Market price range: $220k - $632k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $380,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.657
    Latitude
    45.6763
    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
    $2,646
    $73,700
    $200,000
    $273,700
    -
    $73,700
    $200,000
    $273,700

    Comparable in this City

    • Value Estimation
      $835,000
      39,050 SF

      7208 Hazel Dell Ave, Unit 368WR

      MINI-WAREHOUSE, STORAGE • 39,050 SF
      7208 Hazel Dell Ave, Vancouver, WA 98665-8341
      View Details
    • Value Estimation
      $410,000
      12,000 SF

      1119 95th St

      MINI-WAREHOUSE, STORAGE • 12,000 SF
      1119 95th St, Vancouver, WA 98665-8958
      View Details
    • Value Estimation
      $780,000
      32,022 SF

      1005 95th St, Unit 1

      MINI-WAREHOUSE, STORAGE • 32,022 SF
      1005 95th St, Vancouver, WA 98665-8901
      View Details
    • Value Estimation
      $585,000
      40,659 SF

      500 94th St

      MINI-WAREHOUSE, STORAGE • 40,659 SF
      500 94th St, Vancouver, WA 98665-7624
      View Details
    • Value Estimation
      $455,000
      20,160 SF

      6400 Whitney Rd

      MINI-WAREHOUSE, STORAGE • 20,160 SF
      6400 Whitney Rd, Vancouver, WA 98665
      View Details
    • Value Estimation
      $365,000
      1,448 SF

      5709 88th St

      MINI-WAREHOUSE, STORAGE • 1,448 SF
      5709 88th St, Vancouver, WA 98665-0938
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      66,539 SF

      Hidden Glen Industrial Center

      State-of-the-art Vancouver warehouse
      6920 St Johns Rd, Vancouver, WA 98665
      View Details
    • $1,950,000
      3,809 SF

      Prime Vancouver Industrial Property

      High-income potential, 2.26 acres, Hwy access
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    • $1,950,000
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      Vancouver Mixed-Use Investment

      High-income potential, flexible zoning.
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    • $210,000
      0.11 Acres

      Corner Lot in Minnehaha Neighborhood

      Residential land near Hazel Dell Park, close to amenities.
      6717 NE 27Th Pl, Vancouver, WA 98665
      View Details
    • $350,000
      0.52 Acres

      Hazel Dell Commercial Land Parcel

      Prime 0.52-acre commercial lot, ideal location.
      0 13Th Ave, Vancouver, WA 98665
      View Details
    • $700,000
      0.94 Acres

      Prime Vancouver Commercial Land

      0.94 Acres, $700,000 - Ideal for Contractors
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    Similar Nearby for Lease

    • Contact for pricing

      Warehouse Space with Dock Access

      6,500 SF warehouse space with dock and grade loading.
      Vancouver, WA 98665
      View Details
    • Contact for pricing
      283,622 SF

      Hidden Glen Industrial Center

      Vancouver, WA Warehouse Space
      6920 St Johns Rd, Vancouver, WA 98665
      View Details
    • Contact for pricing
      264,191 SF

      Hazel Dell Towne Center Retail Space

      Vancouver, WA: Prime Retail Opportunity
      8801 Hazel Dell Ave, Vancouver, WA 98665
      View Details
    • $19 SF/Yr
      3,118 SF

      Vancouver Office Building - 3118 SF

      Modern Office Space, High Visibility, I-5 Access
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      View Details
    • $18 SF/Yr
      7,036 SF

      Lakeshore Crossing Office Space

      Vancouver, WA: Prime Office & Retail
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    • Contact for pricing
      27,055 SF

      Centerpointe Retail Center: Vancouver, WA

      Prime Retail Space: Vancouver, WA - Multiple Units Available
      8720 Centerpointe Dr, Vancouver, WA 98665
      View Details
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    7500 16th Ave Ste B
    Vancouver, WA 98665-0467
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    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
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