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Property profile & analytics
OFF-MARKET
Estimated value
$3,180,000
Medical Office Space
811 112th Ave 1, Vancouver, WA 98684-5115
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0107917
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
CONCRETE
Total area
13,482 SF
Lot
1.26 ac (54,668 SF)
Zoning code
XZ
APN
164962-000
UPID
US90-0107917
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
-
Allen Chiropractic LLC Alternative Medicine Practice
-
Massage by Cecelia Alternative Medicine Practice Spa & Massage Center
-
Julie Wirta's Therapeutic Massage Alternative Medicine Practice Spa & Massage Center
-
Robert Allen Alternative Medicine Practice
-
Caroline Shell Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.10M
CAP Approach
CAP
$2.67M
Comparable Approach
Comparable
$2.44M
Blend (final)
Blend
$3.18M
Owner & transaction history
Sunrise Medical Plaza LLC · 4 yrs held
Sunrise Medical Plaza LLC
since 2021
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
XZ · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.5M
+20.9%
Retail stores
$4.3M
+16.6%
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
$3,130,000
ML approach
$3,095,000
CAP Approach
CAP Return
Estimation
6%
$2,885,000
6.5%
$2,665,000
7%
$2,475,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,700,000
Current use
RESTAURANT
$4,470,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$4,310,000
Change: +17% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,295,000
Change: -11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,200,000
Change: -14% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,110,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.18M
Range $2.86M – $3.50M · ±10% · vs last sale $3.25M (Dec 29 2021)
Last sale anchor
$3.25M
Dec 29 2021
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
$236 / 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
$21,930
Tax year 2023
Assessed value
$2,295,400
Assessed 2023
Previous assessed
$1,996,000
+15.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$561,914
Assessed improvement
$1,733,486
Land market value
$561,914
Improvement market value
$1,733,486
Total market value
$2,295,400
Applied tax rate
10,143.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
3
Total area
13,482 SF
Lot
1.26 ac (54,668 SF)
Zoning code
XZ
APN
164962-000
UPID
US90-0107917
Jurisdiction
CLARK
Zoning & alternative use
XZ · Vancouver, WA
Zoning XZ · permitted uses
XZ · 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
MEDICAL BUILDING Current
Est. value
$3.7M
RESTAURANT
Est. value
$4.5M
RETAIL STORES
Est. value
$4.3M
INDUSTRIAL (GENERAL)
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
MEDICAL BUILDING Current
RESTAURANT
RETAIL STORES
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2007
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
3
Lot
1.26 ac
Current owner
From public records · entity-resolved
Sunrise Medical Plaza LLC
Entity
Mailing address
9321 NE 72ND AVE #12, VANCOUVER, WA 98665-9340
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2021
—
Sunrise Medical Plaza LLC
Mannahouse Churchs
Intrafamily Transfer
related
—
Sep 5, 2019
$3,250,000
Mannahouse Church
Sunrise Medical Plaza LLC
Warranty Deed
—
Dec 31, 2009
—
Sunrise Medical Plaza LLC
Rvt LLC
Quit Claim Deed
related
$4,000,000 · Umpqua Bank
Apr 28, 2006
$640,500
Rvt LLC
Sunrise Medical Plaza LLC
Warranty Deed
—
Apr 28, 2006
—
Sunrise Medical Plaza LLC
Kitterman,don & Tammy
Quit Claim Deed
related
—
Mar 16, 2004
—
Don Kitterman
Marger,jerome S
Quit Claim Deed
related
$228,000 · Washington Mutual Fsb
Mar 7, 2001
—
Jerome S Marger
Marger LLC
Quit Claim Deed
related
$168,750 · Washington Mutual Fsb
Mar 6, 2001
—
Kitterman LLC
Dick & Lisa Moller LLC
Quit Claim Deed
related
—
Mar 10, 1999
$285,000
Dick & Lisa Moller LLC
Olson,arthur C & Eva M
Grant Deed
$91,666 · Dick & Lisa Moller LLC
—
—
Arthur C Olson
—
Deed Of Trust
related
$77,000 · First Independent Bank
—
—
Sunrise Medical Plaza LLC
—
Deed Of Trust
related
—
—
—
Sunrise Medical Plaza LLC
—
Deed Of Trust
related
$3,800,000 · Umpqua Bank
—
—
Sunrise Medical Plaza LLC
—
Deed Of Trust
related
$4,000,000 · Umpqua Bank
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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