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Property profile & analytics
FOR LEASE
Grocery and convenience stores
8300 NE 137Th Ave Vancouver, WA 98682
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0377064
For Lease
1 / 6
Contact for pricing
8300 NE 137Th Ave, Vancouver, WA 98682
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Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
52,335 SF
Lot
4.9 ac (213,444 SF)
Zoning code
CC : CLK
APN
154547-000
UPID
US90-0377064
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.07M
CAP Approach
CAP
$9.51M
Comparable Approach
Comparable
$8.54M
Blend (final)
Blend
$10.54M
Owner & transaction history
Wpc Padden LLC · 4 yrs held
Wpc Padden LLC
since 2022
Last sale
$12.5M
3 recorded transactions
Zoning & alternative use
CC : CLK · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.4M
+3.7%
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
$11,095,000
ML approach
$9,070,000
CAP Approach
CAP Return
Estimation
6%
$10,300,000
6.5%
$9,505,000
7%
$8,825,000
Alternative Use
Use
Estimation
RETAIL STORES
$16,735,000
Current use
RESTAURANT
$17,360,000
Change: +4% · Conversion: Easy
MEDICAL BUILDING
$14,360,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$10.54M
Range $9.48M – $11.59M · ±10% · vs last sale $12.50M (Jun 3 2022)
Last sale anchor
$12.50M
Jun 3 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
$201 / 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
$40,055
Tax year 2023
Assessed value
$3,939,000
Assessed 2023
Previous assessed
$3,580,900
+10.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$2,840,959
Assessed improvement
$1,098,041
Land market value
$2,840,959
Improvement market value
$1,098,041
Total market value
$3,939,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
1
Total area
52,335 SF
Lot
4.9 ac (213,444 SF)
Zoning code
CC : CLK
APN
154547-000
UPID
US90-0377064
Jurisdiction
CLARK
Zoning & alternative use
CC : CLK · Vancouver, WAZoning CC : CLK · permitted uses
CC : CLK · Vancouver, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$16.7M
RESTAURANT
Est. value
$17.4M
MEDICAL BUILDING
Est. value
$14.4M
RETAIL STORES Current
RESTAURANT
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
1
Lot
4.9 ac
Current owner
From public records · entity-resolved
Wpc Padden LLC
Entity
Free & Clear · 4 yrs held
Mailing address
307 LEWERS ST FL 6TH, HONOLULU, HI 96815-2357
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2022
$12,500,000
Wpc Padden LLC
Mgp Ix Padden LLC
Bargain And Sale Deed
—
Apr 11, 2011
$11,000,001
Mgp Ix Padden LLC
Ghidotti,michelle R
Trustees Deed
related
—
Aug 30, 2005
—
K & G/vancouver LLC
Regency Centers LP
Warranty Deed
$14,200,000 · Morgan Stanley Mortgage Capital INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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