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Property profile & analytics
OFF-MARKET
Estimated value
$8,075,000
Warehouses
7920 117th Ave 9, Vancouver, WA 98662-3944
Individually Owned
27-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1748884
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2001
Construction
STEEL FRAME
Total area
111,450 SF
Lot
6.08 ac (264,845 SF)
Zoning code
IL : CLK
APN
155117-000
UPID
US90-1748884
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
-
Penske Truck Rental Car Rental Facility
-
Iron Gate Storage - Orchards Storage Facility
-
Iron Gate Properties Property Management Company
-
Maid To Perfection Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.08M
Owner & transaction history
Hazel Del Sewer District · 27 yrs held
Hazel Del Sewer District
since 1999
7 recorded transactions
Zoning & alternative use
IL : CLK · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$72 / 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
$99,191
Tax year 2023
Assessed value
$10,100,200
Assessed 2023
Previous assessed
$9,182,000
+10.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$1,922,751
Assessed improvement
$8,177,449
Land market value
$1,922,751
Improvement market value
$8,177,449
Total market value
$10,100,200
Applied tax rate
10,166.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
20
Stories
1
Bathrooms
1
Total area
111,450 SF
Lot
6.08 ac (264,845 SF)
Zoning code
IL : CLK
APN
155117-000
UPID
US90-1748884
Jurisdiction
CLARK
Zoning & alternative use
IL : CLK · Vancouver, WA
Zoning IL : CLK · permitted uses
IL : 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.
Building & site characteristics
From public records
Year built
2001
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Buildings
20
Bathrooms
1
Lot
6.08 ac
Current owner
From public records · entity-resolved
Hazel Del Sewer District
Individual
Mailing address
103 E 29TH STB, VANCOUVER, WA 98663-2775
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2020
—
Iron Gate Partners I LLC
—
Deed
related
$10,000,000 · Ubs Ag Tampa Branch
Jan 13, 1999
—
Hazel Del Sewer District
Iron Gate Partners 1 LLC
Grant Deed
related
—
Jul 23, 1998
—
Iron Gate Partners I LLC
—
Grant Deed
related
$2,550,000 · Us Bank
Jul 17, 1998
—
Iron Gate Partners LLC
—
Grant Deed
related
$2,550,000 · Us Bank
Apr 4, 1997
$250,000
Gate Partners I Iron
Thrasher,frances E
Grant Deed
$232,208 · Washgate I Associates LLC
Feb 21, 1997
—
Clark County (wa)
Thrasher,frances E
Quit Claim Deed
related
—
—
—
Iron Gate Partners I LLC
—
Deed Of Trust
related
$4,250,000 · American Family Life Ins Corp
—
—
Iron Gate Partners I LLC
—
Deed Of Trust
related
$4,000,000 · Greenwich Capital Fin'l Produc
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.
Try Rey
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