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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Turn key restaurants
7601 Ml Pln Blvd, Vancouver, WA 98664-1331
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-3213801
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1960
Construction
CONCRETE
Total area
6,325 SF
Lot
0.73 ac (31,799 SF)
Zoning code
CC : VAN
APN
037911-729
UPID
US90-3213801
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
-
Chopsticks Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.33M
Owner & transaction history
Crown Castle Towers 06 2 LLC · 1 yrs held
Crown Castle Towers 06 2 LLC
since 2025
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
CC : 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,100,000
Current use
RETAIL STORES
$2,025,000
Change: -4% · Conversion: Easy
MEDICAL BUILDING
$1,735,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±10% · vs last sale $1.40M (Feb 12 2025)
Last sale anchor
$1.40M
Feb 12 2025
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
$6,658
Tax year 2023
Assessed value
$712,450
Assessed 2023
Previous assessed
$712,450
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$401,450
Assessed improvement
$311,000
Land market value
$401,450
Improvement market value
$311,000
Total market value
$712,450
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
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1960
Construction
CONCRETE
Heating
OTHER
Cooling
CENTRAL
Stories
1
Total area
6,325 SF
Lot
0.73 ac (31,799 SF)
Zoning code
CC : VAN
APN
037911-729
UPID
US90-3213801
Jurisdiction
CLARK
Zoning & alternative use
CC : VAN · Vancouver, WA
Zoning CC : VAN · permitted uses
CC : 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
RESTAURANT Current
Est. value
$2.1M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.7M
RESTAURANT Current
RETAIL STORES
MEDICAL BUILDING
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
1960
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Crown Castle Towers 06 2 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
9342 SE HARRISON ST, PORTLAND, OR 97216-2208
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2025
—
Crown Castle Towers 06 2 LLC
Angie Yan Ke Chen
Deed
—
May 12, 2025
$1,400,000
Fymos LLC
Angie Yan Ke Chen
Warranty Deed
$1,440,000 · First Citizens Bank & Trust Co
May 1, 2018
—
Yan K Chen
—
Deed
related
$399,000 · Columbia St Bk
Dec 21, 2010
—
Yan K Chen
Wu,jian H
Quit Claim Deed
related
—
Dec 12, 2007
$930,000
Yan K Chen
Chan,david K & Stella S
Warranty Deed
—
Sep 19, 2002
$550,000
David K Chan
Jordanfamily LP
Quit Claim Deed
related
—
Apr 21, 1989
—
Jordan,christine L Trustee
Unknown
Grant Deed
related
—
—
—
Yan K Chen
—
Deed Of Trust
related
$500,000 · Pacific Continental Bank
—
—
Yan K Chen
—
Loan Modification
related
$399,000 · Columbia St 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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