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Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Retail space
8318 Ml Pln Blvd 3 Vancouver, WA 98664-2007
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0761027
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1963
Construction
WOOD
Total area
4,500 SF
Lot
0.57 ac (24,829 SF)
Zoning code
CC : VAN
APN
110782-000
UPID
US90-0761027
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
-
Morton's Stoves, Pools & Spas (Bike/Boat/Book/etc) Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
$815k
Comparable Approach
Comparable
$876k
Blend (final)
Blend
$1.16M
Owner & transaction history
Osama Salti · 1 yrs held
Osama Salti
since 2024
Last sale
$1.2M
4 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
$1,160,000
ML approach
$1,160,000
CAP Approach
CAP Return
Estimation
6%
$885,000
6.5%
$815,000
7%
$760,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,440,000
Current use
MEDICAL BUILDING
$1,235,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±10% · vs last sale $1.16M (Aug 30 2024)
Last sale anchor
$1.16M
Aug 30 2024
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
$258 / 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
$4,873
Tax year 2023
Assessed value
$509,700
Assessed 2023
Previous assessed
$509,700
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$297,950
Assessed improvement
$211,750
Land market value
$297,950
Improvement market value
$211,750
Total market value
$509,700
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
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1963
Construction
WOOD
Heating
SPACE
Buildings
2
Stories
1
Total area
4,500 SF
Lot
0.57 ac (24,829 SF)
Zoning code
CC : VAN
APN
110782-000
UPID
US90-0761027
Jurisdiction
CLARK
Zoning & alternative use
CC : VAN · Vancouver, WAZoning 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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES Current
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
1963
Construction
WOOD
Heating
SPACE
Stories
1
Buildings
2
Lot
0.57 ac
Current owner
From public records · entity-resolved
Osama Salti
Individual
Mailing address
8318 E PO BOX 871511TH BLVD, VANCOUVER, WA 98687-1511
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
$1,160,000
Osama Salti
Farhart Property Management LLC
Warranty Deed
$725,145 · Bank Of The Pacific
Jan 20, 2021
$535,000
Farhart Prop Mgmt LLC
Elvie C Pickett
Warranty Deed
$467,000 · Elvie C & Phillip Pickett
—
—
L Y Williamson
—
Deed Of Trust
related
—
—
—
L Y Williamson
—
Deed Of Trust
related
$25,000 · Columbia Community FCU
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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