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Property profile & analytics
OFF-MARKET
Estimated value
$10,140,000
Motels
8005 Pkwy Dr 104 Vancouver, WA 98662-6410
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-3265590
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1987
Construction
WOOD
Total area
75,450 SF
Lot
4.4 ac (191,664 SF)
Zoning code
CG : VAN
APN
160533-000
UPID
US90-3265590
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
-
AVIA Lofts On Parkway Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.40M
CAP Approach
CAP
$8.93M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.14M
Owner & transaction history
Avia Pdx Northeast Parkway LLC · 4 yrs held
Avia Pdx Northeast Parkway LLC
since 2022
Last sale
$11.2M
7 recorded transactions
Zoning & alternative use
CG : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.6M
+316.4%
Commercial (general)
$8.0M
+246.8%
Medical building
$8.0M
+246.0%
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
$9,955,000
ML approach
$9,395,000
CAP Approach
CAP Return
Estimation
6%
$9,675,000
6.5%
$8,930,000
7%
$8,295,000
Alternative Use
Use
Estimation
RESTAURANT
$9,575,000
Change: +316% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,975,000
Change: +247% · Conversion: Difficult
MEDICAL BUILDING
$7,960,000
Change: +246% · Conversion: Difficult
Blend value · Realmo final
$10.14M
Range $9.13M – $11.15M · ±10% · vs last sale $11.22M (May 4 2022)
Last sale anchor
$11.22M
May 4 2022
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
$134 / 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
$138,997
Tax year 2023
Assessed value
$14,897,400
Assessed 2023
Previous assessed
$10,244,200
+45.4% YoY
Effective rate
0.93%
On assessed value
Assessed land
$2,760,000
Assessed improvement
$12,137,400
Land market value
$2,760,000
Improvement market value
$12,137,400
Total market value
$14,897,400
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
HEAT PUMP
Stories
3
Total area
75,450 SF
Lot
4.4 ac (191,664 SF)
Zoning code
CG : VAN
APN
160533-000
UPID
US90-3265590
Jurisdiction
CLARK
Zoning & alternative use
CG : VAN · Vancouver, WA
Zoning CG : VAN · permitted uses
CG : 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
Est. value
$9.6M
COMMERCIAL (GENERAL)
Est. value
$8.0M
MEDICAL BUILDING
Est. value
$8.0M
RESTAURANT
COMMERCIAL (GENERAL)
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
1987
Construction
WOOD
Heating
HEAT PUMP
Stories
3
Lot
4.4 ac
Current owner
From public records · entity-resolved
Avia Pdx Northeast Parkway LLC
Entity
Mailing address
180 N UNIVERSITY AVE, PROVO, UT 84601-5647
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
May 4, 2022
$11,216,103
Avia Pdx Northeast Parkway LLC
Hpt Ihg 2 Porperties Trust
Bargain And Sale Deed
$17,142,648 · Oceanview Life & Annuity Company
Sep 28, 2017
$12,043,636
Hpt Ihg-2 Properties Trust
Bre Newton Hotels Prop Holdco
Grant Deed
—
Jul 20, 2017
—
Bre Newton Hotels Prop Holdco
Bre Timberwolf Prop Owner LLC
Quit Claim Deed
—
May 20, 2015
$11,921,000
Bre Timberwolf Prop Owner LLC
Csm Ri Vancouver LLC
Grant Deed
—
Feb 23, 2005
$6,120,994
Csm Ri Vancouver LLC
Innkeepers Ri Northwest
Grant Deed
—
Jan 20, 1998
$11,096
Innkeepers Ri Northwest LP
Vancouver Hotel Associates LP
Grant Deed
—
Jul 2, 1997
—
Vancouver Hotel Assoc LP
—
Deed Of Trust
related
$60,000,000 · Lehman Brothers Holdings INC
—
—
Innkeepers Ri Northwest LP
—
Deed Of Trust
related
$58,000 · Bank Of America
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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